Industry News

Leidos Awarded Contract By NATO Support Agency

21 Apr 2014
Solutions Company to Develop and Maintain Fuel Monitoring System RESTON, Va., April 21, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded a prime contract by the North Atlantic Treaty Organization (NATO) Support Agency (NSPA) to manage the NATO Fuel Monitoring System (NFMS). The single-award, firm-fixed-price contract has a ten-month base period of performance, five one-year options, and a total value of approximately $13 million, if all options are exercised. Varec Inc., a wholly-owned subsidiary of Leidos, will perform work at various locations outside the continental United States. The NSPA is NATO's integrated l...

Leidos Named "Best for Vets" Employer By Military Times

16 Apr 2014
Company Recognized for Culture and Policies Supporting Veterans RESTON, Va., April 16, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, has been named as one of the "Best for Vets" Employers for 2014 by Military Times. The list honors 59 companies that most successfully focus on culture and policies that support military veterans. Employers were scored on a nearly 90-question analysis of a company's efforts to connect with veterans and provide an environment for success. Leidos, which ranked # 35 on the list, operates a dedicated military veteran outreach program, Operation MVP. Through the program, Leidos teams with military ...

Leidos Showcases GeoRover®, Airborne ISR and Geospatial Intelligence Solutions at GEOINT* 2013 Symposium

10 Apr 2014
RESTON, Va., April 10, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS) will demonstrate GeoRover®, Airborne ISR and Geospatial Intelligence Solutions among other capabilities at the GEOINT 2013* Symposium, to be held on April 14-17, 2014 at the Tampa Convention Center in Tampa, Fla.  "GEOINT is an ideal opportunity to showcase the innovative geospatial intelligence technology solutions at Leidos, which are shaping the future of defense and national intelligence," said Lou Von Thaer, President of the Leidos National Security Sector.   Leidos is a science and technology solutions leader working to help address challenges facing national security, health and engineering.  With approximately ...

Leidos Sponsors 2014 West Point Leads Workshop

8 Apr 2014
Company to Provide Sponsorship and Volunteers for Leadership Ethics and Diversity in STEM Program (Reston, Va.) April 8, 2014 – Leidos [NYSE:LDOS], a national security, health and engineering solutions company, is sponsoring the Leadership Ethics and Diversity in STEM workshop, hosted by West Point Society of DC (WPSDC) and administered and funded through Seeds of Humanity Foundation, at Howard University, one of the premier Historically Black Colleges and Universities, on April 11, 2014. Over 40 schools are expected to send more than 220 educator and student delegates in grades 7-12. The largest of the 120 West Point Societies worldwide, the WPSDC’s...

Leidos Sponsors 2014 FIRST® Championship

7 Apr 2014
Company Continues to Support Science, Technology, Engineering and Math (STEM) Education RESTON, Va., April 7, 2014 /PRNewswire/ -- Leidos [NYSE: LDOS], a national security, health and engineering solutions company, is continuing its longstanding commitment with FIRST® (For Inspiration and Recognition of Science and Technology) in support of STEM (science, technology, engineering and math) education. Leidos is funding more than 120 teams, 38 of which are FIRST® Robotics Competition (FRC®) teams, providing employee coaches and mentors, and sponsoring elementary, middle and high school competitions across the country in regions with Leidos offices. In addition, Leidos is sponsoring 10 regi...

NaVOBA Names Leidos One Of The Best Corporations For Veteran-Owned Small Businesses In 2014

2 Apr 2014
Solutions Company Honored for Outstanding Work with Veteran and Service-Disabled Veteran-Owned Small Businesses RESTON, Va., April 2, 2014 /PRNewswire/ -- Leidos [NYSE: LDOS], a national security, health and engineering solutions company, has been named as one of the Best Corporations for Veteran Owned Businesses for 2014 by the National Veteran-Owned Business Association and Vetrepreneur magazine. The list honors 25 companies that most successfully engage the nation's three million veteran-owned business (VOBs) as suppliers. Leidos has been recognized as a leader of working with small businesses, not just veteran-owned small businesses. The company has been recognized by the Small...

Leidos Logistics Solutions Operation Appraised At Capability Maturity Model Integration (CMMI) Maturity Level 3

2 Apr 2014
RESTON, Va., April 2, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, announced the Logistics Solutions Operation (LSO)  has been appraised at Level 3 of the CMMI Institute's Capability Maturity Model Integration (CMMI). CMMI is a process improvement approach that provides organizations with the essential elements of effective processes that ultimately improve their performance. LSO delivers products and services that sustain global, mission-critical logistics efforts. A CMMI maturity Level 3 demonstrates LSO's commitment to deliver continuous improvement   for our customers. LSO is a recognized market innovator, delivering integ...

Utilities Tap Leidos for its Smart Grid as a Service Offering

1 Apr 2014
Solutions Company Enables Utilities to Upgrade Systems to Advance the Smart Grid RESTON, Va., April 1, 2014 /PRNewswire/ -- Leidos [NYSE: LDOS], an engineering, national security and health solutions company, continues to grow its Smart Grid as a Service (SGS) offering, which is a comprehensive, cloud-based, end-to-end managed services solution for utilities. The integrated hardware and software solution provides advanced metering infrastructure, outage alerts/analysis, remote disconnect/connect capabilities, time of use, and net metering, as well as analytic and predictive capabilities. The SGS platform also provides two portals that enable the utility to operate the system and consume...

Leidos Holdings Announces $200 Million Accelerated Stock Repurchase Transaction

1 Apr 2014
RESTON, Va., April 1, 2014 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE: LDOS), a national security, health and engineering solutions company, today announced that it has entered into an agreement with a financial institution for an accelerated stock repurchase transaction, whereby the Company will purchase $200 million of its outstanding shares of common stock, with approximately 80% of the shares to be delivered in the near term. The total number of shares ultimately purchased will be based on the share price of the Company's common stock over the averaging period set forth in the agreement. The transaction is expected to be complete no later than June of 2014. About Leidos Leido...

Leidos Holdings, Inc. Reports Fourth Quarter and Full Fiscal Year 2014 Results

27 Mar 2014
- Revenues: $1.30 billion for fourth quarter; $5.77 billion for fiscal year - Operating Income from Continuing Operations: $82 million for fourth quarter; $164 million for fiscal year - Diluted Earnings per Share from Continuing Operations: $0.56 for fourth quarter; $0.98 for fiscal year - Cash Flows Provided by Operating Activities from Continuing Operations: $110 million for fourth quarter; $195 million for fiscal year - Net New Bookings: $0.62 billion (book-to-bill ratio of 0.5) for fourth quarter; $4.95 billion (book-to-bill ratio of 0.9) for fiscal year - Quarterly Cash Dividend of $0.32 per Share Payable on April 30, 2014 MCLEAN, Va., March 27, 2014 /PRNewswire/ -- Leido...

Leidos Awarded Contracts by Department of Veterans Affairs

11 Mar 2014
Company to Provide Technical and Program Management Services to Help the VA Deliver and Manage Patient Care RESTON, Va., March 11, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, today announced three contract wins from the U.S. Department of Veterans Affairs to help the agency maximize operational efficiencies, reduce healthcare costs, and improve veteran care. The majority of the work for all three programs, collectively totaled at $16 million, will be performed in the Washington, D.C. metropolitan area, Chicago, Ill., and Salt Lake City, Utah. The first two contracts were awarded by the VA's Office of Information & Tec...

Leidos Awarded Contract By Naval Medical Logistics Command

10 Mar 2014
Company to Provide Research and Development Services for the Behavioral Sciences and Epidemiology Department RESTON, Va., March 10, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded a prime contract, Behavioral Epidemiology Assessment Research (BEAR), by the Naval Medical Logistics Command to provide research services for multiple behavioral health and epidemiology projects that support the Naval Health Research Center's (NHRC) Behavioral Sciences and Epidemiology Department. The single-award cost-plus fixed-fee (CPFF) contract has a one-year base period of performance, four one-year options and a total contract value of...

Leidos Awarded Contract By Defense Threat Reduction Agency

6 Mar 2014
Company to Provide Research and Development to Combat Weapons of Mass Destruction RESTON, Va., March 6, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS) a national security, health and engineering solutions company, was awarded a prime contract by the U.S. Defense Threat Reduction Agency (DTRA) to conduct research and development to combat weapons of mass destruction. The multiple-award indefinite delivery/indefinite quantity (ID/IQ) contract has a five-year base period of performance, a five year option, and a total value of approximately $4 billion for all awardees, if all options are exercised. The contract was awarded under the Combating Weapons of Mass Destruction Research and Technology D...

Leidos Schedules Fiscal Year 2014 Fourth Quarter and Full Year Earnings Conference Call For March 27, 2014 at 8AM

3 Mar 2014
RESTON, Va., March 3, 2014 /PRNewswire/ -- Leidos Holdings Inc. (Leidos) (NYSE: LDOS), a scientific, engineering, and technology applications company, is scheduled to hold its fourth quarter and fiscal year 2014 earnings conference call with investors to discuss operations and financial results on Thursday, March 27, 2014 beginning at 8 a.m. Eastern.  The company plans to issue its fourth quarter fiscal year 2014 earnings press release before the earnings conference call on March 27, 2014. Interested parties may listen to the conference call by dialing +1 (877) 377-7103 (toll-free U.S.) or +1 (408) 940-3826 (International/Local) and entering passcode 22670461. The conference call will ...

Leidos Awarded Contract by Boston Properties and Konterra Realty

3 Mar 2014
Technical Solutions Company to Provide IT, Security and Facilities Support RESTON, Va., March 3, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded a prime contract by Boston Properties and Konterra Realty to provide information technology, security and facilities support for a multi-tenant secure facility. The single-award contract has a three year base period of performance, two one-year options and a total value of approximately $16 million if both options are exercised. The contract was awarded under the Facility Mega Center Operations and Maintenance contract. Work will be performed at Annapolis Junction, Md. B...

Leidos Awarded Three Contracts by LSB Industries, Inc.

26 Feb 2014
Company to Provide Design-Build and Construction Management Services RESTON, Va., Feb. 26, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, announced it was awarded three prime contracts by LSB Industries, Inc. to provide construction management services for nitric acid and nitric acid concentrator plants, as well as engineering, procurement, and construction (EPC) services for the outside battery limits required to operate the plants. The latest three awards are a hybrid of lump sum and cost-plus components and are collectively valued at $82.7 million. Work will be performed at the El Dorado Chemical Company in El Dorado, Ark. ...

Leidos Is Official Sponsor of D.C. United

24 Feb 2014
Solutions Company Teams with Major League Soccer Franchise as Presenting Partner RESTON, Va., Feb. 24, 2014 /PRNewswire/ -- Leidos [NYSE: LDOS], a national security, health and engineering solutions company, proudly announced it is the official sponsor of Major League Soccer (MLS) team D.C. United. Leidos, evolved from SAIC, has a 45-year history and is a top employer in the area with more than 6,000 employees in the national capital region. (Logo: http://photos.prnewswire.com/prnh/20131120/PH20896LOGO) As Presenting Partner under the multi-year agreement, Leidos is the exclusive Jersey sponsor for D.C. United. The company's logo will be prominently featured on the front of the t...

Leidos Awarded U.S. Strategic Command Contract

20 Feb 2014
Technical Solutions Company to Provide Software Development RESTON, Va., Feb. 20, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded a U.S. Strategic Command (USSTRATCOM) contract by the 55th Contracting Squadron to provide software development and sustainment. The single-award, indefinite-delivery/indefinite-quantity contract has a one-year base period of performance, four one-year options, a six month final period, and a total contract value of $35 million, if all options are exercised. The contract was awarded under the National Target Base / National Desired Ground Zero List Integrated Development System (NIDS III). W...

Leidos Announces Plan for CEO Succession

19 Feb 2014
Search for Executive Underway, John Jumper to Remain on Board of Directors following Appointment of New Leader RESTON, Va., Feb. 19, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS) today announced that the company's Chairman and CEO, John Jumper, will retire as CEO, beginning a planned leadership transition over the next several months. (Logo: http://photos.prnewswire.com/prnh/20131120/PH20896LOGO) The company's Board of Directors has launched a thorough and thoughtful process to select a successor. The comprehensive search will evaluate both internal and external candidates. Jumper will continue as CEO until a successor is appointed. He will remain the chairman of the board following ...

Leidos Awarded Contract By U.S. Army

17 Feb 2014
Technical Solutions Company to Provide Simulation & Training Program RESTON, Va., Feb. 17, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded the second of four options on its prime contract with the U.S. Army Program Executive Office for Simulation, Training and Instrumentation (PEO STRI) to provide development of a live virtual and constructive integrated training environment. The option award has a one-year period of performance and represents the second of four one-year options. The second option has a total value of approximately $11 million. Work will be performed in Orlando, Fla. PEO STRI is the U.S. Army...