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Leidos Holdings, Inc. (NYSE: LDOS) is a leading science and technology company that provides services and solutions in defense, intelligence, civil, and health markets. Headquartered in Reston, Virginia, Leidos leverages the expertise of its 47,000 employees to tackle some of the world's most pressing challenges. The company is divided into several segments, each catering to specific industries:
- National Security and Digital: Focuses on cyber, logistics, security operations, and digital transformation for defense and intelligence customers.
- Health & Civil: Delivers public health solutions, care coordination, and environmental sciences services.
- Commercial & International: Covers security enterprise solutions, commercial energy offerings, and international business.
- Defense Systems: Develops advanced space, aerial, surface, and subsurface defense systems.
Leidos reported revenues of approximately $15.4 billion for the fiscal year ending December 29, 2023. The company’s recent projects include:
- Development of C2IMERA: An advanced command and control tool for the U.S. Air Force.
- MHS GENESIS Deployment: A federal electronic health record system implemented across all Department of Defense garrison facilities.
- Mayhem Hypersonic System: Advancing air-breathing hypersonic technologies through a collaborative national team effort.
Financially, Leidos had a strong 2023 with revenues up by 7%, achieving a record net income margin of 7.1% in the first quarter of 2024. The company remains committed to innovation, operational efficiency, and addressing emerging threats in national security and health.
Leidos (NYSE: LDOS) has secured a $191 million contract from the Army Contracting Command – Aberdeen Proving Ground for integrated lifecycle software and management solutions. The contract, supporting the U.S. Army Communications Electronics Command, has a five-year performance period with a six-month extension option.
The work involves providing cyber-hardened software and systems engineering, technical services, and software integration. Leidos will support over seven mission software systems, including the Advanced Field Artillery Tactical Data System (AFATDS), Joint Automated Deep Operations Coordination System (JADOCS), and AN/TPQ-53 Multi-Mission Radar.
Roy Stevens, Leidos National Security Sector President, emphasized the importance of software systems capable of incremental modernization to counter near-peer threats and support the Army's vision for 2030 and beyond.
Leidos (NYSE:LDOS) has announced the addition of Curtiss-Wright to its Alliance Partner Network (LAPN) as a Technology Partner. This collaboration aims to enhance capabilities in addressing high-performance compute, networking, and environmental challenges in extreme aerospace and defense applications. The partnership leverages Curtiss-Wright's expertise in developing advanced, highly engineered products and precision components, combined with Leidos' innovative technological solutions.
Doug Jones, Leidos' Senior VP of Defense Systems, emphasized the partnership's potential to set new standards of excellence in supporting evolving government needs. Brian Perry, Senior VP and GM at Curtiss-Wright Defense Solutions, expressed excitement about the collaboration's potential to produce state-of-the-art solutions for the defense industry. Leidos, a Fortune 500® innovation company, reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023, and employs a global workforce of 48,000.
Leidos celebrates Women in Engineering Day 2024 by highlighting the diverse career paths and shared passion of its female engineers. The article features insights from seven accomplished women in various engineering roles at Leidos, including:
- Allison Badgett, Signal Processing Engineer
- Minga Lee, VP and CTO of National Security Sector
- Katea Murray, VP and CTO of Mission Solutions
- Kathy Villani, Senior Manager of Engineering
- Mei Schieder, Data-Driven Operations Tenet Lead
- Christina Hill, VP of Digital Modernization Sector
- Gouthrekka Mahalingam, Engineering Manager
These women share their experiences, career advice, and insights on overcoming challenges in the field. Their stories emphasize the importance of resilience, continuous learning, and embracing diversity in engineering.
Leidos (NYSE: LDOS) hosted its 7th annual Supplier Innovation & Technology Symposium, focusing on emerging technologies like AI to address customer challenges. The event, held on Aug. 6, 2024, at the Gaylord National Resort & Convention Center in Maryland, brought together over 170 partners and suppliers. Highlights included a fireside chat with CEO Tom Bell and former U.S. Secretary of Defense James Mattis, breakout sessions on Trusted Mission AI solutions, Zero Trust, and cyber applications, and an awards ceremony recognizing supplier excellence across seven categories.
Stephanie Foster, Leidos Senior VP and Chief Supply Chain Officer, emphasized the importance of collaboration and innovation in tackling customer challenges. The symposium showcased Leidos' commitment to fostering a strong supplier ecosystem and driving technological advancements in the industry.
Leidos (NYSE:LDOS) has secured a $276 million task order from the Department of Defense (DOD) Information Analysis Center to conduct research and development of critical minerals and materials for munitions and promote energetics supply chain resiliency. This contract, awarded under the DoDIAC multiple-award contract vehicle, aims to enhance the DTIC repository and support the R&D and S&T community. Mike Diggins, Leidos senior vice president, emphasized the importance of a resilient energetics supply chain for national security and reducing dependence on foreign sources. Leidos, with over 30 years of experience in energetics R&D at Picatinny Arsenal, will assist the DOD in synthesizing and scaling up domestic minerals and materials production.
Leidos (NYSE: LDOS) has appointed Ron Keesing as its new Chief AI Officer, emphasizing the company's commitment to advancing Trusted Mission AI solutions. Keesing, with over 20 years of experience in AI and machine learning, will lead strategic initiatives to deploy AI across all customer missions. CEO Tom Bell highlighted the importance of AI as a trusted partner enhancing human capabilities.
Keesing, part of Leidos since 2004, previously served as the founding director of the Leidos AI Accelerator and senior vice president of technology integration. His appointment aims to solidify Leidos' position as a partner for cutting-edge AI firms and address evolving customer needs. Leidos, a Fortune 500® innovation company, reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023.
Leidos Holdings (NYSE: LDOS) reported strong Q2 FY2024 results, with revenues up 8% year-over-year to $4.1 billion. Net income increased 54% to $324 million, or $2.37 per diluted share. Adjusted EBITDA grew 33% to $559 million, with a record margin of 13.5%. Non-GAAP diluted EPS rose 46% to $2.63.
The company generated $374 million in operating cash flow and $351 million in free cash flow. Net bookings totaled $4.0 billion, resulting in a book-to-bill ratio of 1.0. Leidos updated its FY2024 guidance, raising the adjusted EBITDA margin to approximately 12% and non-GAAP diluted EPS to $8.60-$9.00.
Leidos (NYSE:LDOS) has been awarded an $823 million task order from the Defense Information Systems Agency (DISA) for the Defense Enclave Services (DES) Department of Defense Network (DoDNet) program. This five-year task order is part of a larger $11.5 billion, 10-year contract to optimize network services for Fourth Estate Defense Agencies and Field Activities (DAFAs).
Leidos will provide operations and sustainment for DoDNet, expanding support from 30,000 to over 160,000 users, including 14 additional DAFAs. The company will ensure DoDNet's security, scalability, and operational status by offering IT solutions, cybersecurity support, and network management. DoDNet is expected to support approximately 370,000 DAFA users once fully implemented.
Leidos Holdings, Inc. (NYSE:LDOS) has announced a quarterly cash dividend of $0.38 per share of common stock. The dividend will be payable on September 27, 2024, to stockholders of record as of the close of business on September 13, 2024. Leidos is a Fortune 500® innovation company focusing on national security and health challenges. With a global workforce of 47,000, Leidos reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023. The company is headquartered in Reston, Virginia, and serves customers in heavily regulated industries.
Leidos and Google have collaborated to develop a healthcare-specific AI application using Google's Medical Pathways Language Model 2 (MedPaLM2). This domain-specific model offers greater accuracy and relevance for medical questions compared to general AI models. The application aims to further reduce disability benefits approval processing time from days to potentially hours.
Key features of the AI application include:
- Retrieval Augmentation Generation (RAG) for self-updating
- Human oversight to ensure accuracy
- Built on Leidos' Framework for AI Resilience and Security (FAIRS)
- Addressing potential biases in training data
Leidos is now focusing on scaling the application for production environments, processing thousands of reports weekly. Future applications may include claims management, data interoperability, and clinical decision support.
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