Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, July 19, 2024

Article Excerpt

LEIDOS HOLDINGS INC., $149.94, symbol LDOS on New York, provides software and technology services to three main groups: Defence and Intelligence; Civilian; and Health (commercial hospitals and the U.S. Department of Defense). The company has four operating segments: National Security & Digital (45% of revenue), Health & Civil (30%), Commercial & International (13%), and Defense Systems (12%). On June 13, 2024, Leidos announced a $738 million follow-on contract with the U.S. Air Force to supply cybersecurity and IT support to various facilities including the Air Force’s headquarters. The contract is for one year, with four one-year options and one six-month option. Leidos has provided this type of support to the Air Force since 2003. More recently, the company announced on July 11, 2024, that it had been awarded a new contract to continue providing cargo mission engineering and integration services for NASA’s International Space Station (ISS) program, as well as the Artemis campaign to go back to the Moon. Leidos has performed cargo mission…