Leidos Holdings, Inc. - LDOS STOCK NEWS

Leidos (NYSE: LDOS) and Elroy Air will demonstrate an autonomous Medium Aerial Resupply Vehicle – Expeditionary Logistics (MARV-EL) prototype for the U.S. Marine Corps in July 2024. This initiative, approved by the Navy and Marine Small Tactical Unmanned Aircraft Systems program office, is part of a contract to develop and test an uncrewed aircraft system for autonomous resupply missions. The demonstration will feature Elroy Air's Chaparral system at the U.S. Army Yuma Proving Grounds in Arizona. The Chaparral is a hybrid-electric vertical take-off and landing aircraft designed for efficient autonomous operations. The MARV-EL aims to provide logistics support to Marines in challenging environments. Leidos reported $15.4 billion in revenue in 2023, and Elroy Air is backed by significant venture capital and strategic investments.

Leidos, a technology innovator, secured a $631 million contract from the US Army. The DIABLO program positions Leidos as a key mission equipment provider for the Army for the next decade. The contract entails developing, acquiring, and supporting aerial intelligence, surveillance, and reconnaissance sensors and systems. Leidos' platform-agnostic solutions focus on interoperability and adaptability for enhanced battlespace awareness.

Leidos, a Fortune 500 innovation leader, secured a $206 million contract from the National Geospatial-Intelligence Agency to modernize geospatial processing. The contract, named Maru, aims to enhance efficiency and interoperability over a five-year period. Leidos will develop, sustain, and deploy analytical capabilities for geospatial processing, supporting NGA's day-to-day operations.

Leidos Holdings, Inc. reported strong financial results for the first quarter of fiscal year 2024, with revenues of $4.0 billion, up 7% year-over-year. Net income was $283 million, with EPS of $2.07. Adjusted EBITDA was $490 million, and non-GAAP diluted EPS was $2.29, showing significant growth. Cash flows from operations were $63 million, and net bookings were $3.7 billion. Leidos raised its guidance for FY24, expecting profitable growth and increased performance.

Leidos Holdings, Inc. (NYSE: LDOS) has declared a quarterly cash dividend of $0.38 per outstanding share of common stock, payable on June 28, 2024. The company, a Fortune 500® innovation company, focuses on national security and health challenges, with annual revenues of approximately $15.4 billion. Headquartered in Reston, Virginia, Leidos has a global workforce of 47,000.

Leidos (LDOS) secures a $267 million Army C5ISR and COTS systems task order to provide technology-enabled services, hardware sustainment, modernization, refresher training, and logistics support. The task order has a base period of 11 months and a maximum value of $267 million if all options are exercised. Leidos experts will assess Army hardware capabilities, build out configurations, implement upgrades, and provide equipment warehousing, shipping, and warranty repair.

Leidos (LDOS) secures a $13.7 million prime contract for aviation training services with the Army National Guard, aiming to enhance readiness.

Leidos (LDOS) announces conference call to reveal first quarter 2024 financial results on April 30, 2024.

Leidos (LDOS) recently showcased their innovative low-profile vessels (LPVs) in military exercises, highlighting their disruptive logistics capabilities and autonomy. The vessels, designed for the U.S. Marine Corps, aim to enhance mission success rates for dispersed Marine fire units with their low profile and long-range capabilities.