Leidos Holdings Stock Price, News & Analysis

Leidos (NYSE:LDOS) has achieved a significant milestone with its Pro:Vision© 3 people screening system receiving the EU Standard 2.1 certification from the European Civil Aviation Conference (ECAC). This certification is important for selling and operating security devices within the European Union. The Pro:Vision 3, commercially released in 2023, features advanced wideband millimeter wave technology and deep learning AI algorithms, improving detection capabilities and reducing false alarm rates.

The system offers a more comfortable hands-down pose and gender-neutral screening, enhancing airport checkpoint operations and increasing throughput. This achievement underscores Leidos' commitment to maintaining high performance standards in security technologies and strengthens its position in the aviation security market.

Leidos (NYSE:LDOS) has been awarded an $86.4 million contract by the National Geospatial-Intelligence Agency (NGA) for lifecycle management of existing and emerging analytics systems. The single-award, indefinite delivery, indefinite quantity (IDIQ) contract, named Chinook, has a five-year performance period. Leidos will provide software development, systems engineering, integration, and operations and sustainment services for various systems including Commercial-Joint Mapping Tool Kit and Tearline open-source intelligence system. The company will employ DevSecOps practices and Zero Trust cybersecurity methodologies to maintain and enhance these systems, supporting NGA's geospatial intelligence analysts in their mission-critical tasks.

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.