Leidos Holdings Inc (NYSE: LDOS) shares are trading lower on Tuesday, after the company cut its fiscal year 2020 EPS guidance below analyst estimates. The company also cut its fiscal year 2020 sales guidance.Leidos reported quarterly earnings of $1.19 per share, which met the analyst consensus estimate. The company reported quarterly sales of $2.89 billion, which met the analyst consensus estimate.Leidos Holdings is engaged in scientific, engineering, system integration, technical services, and solutions to various government entities and highly regulated industries, including the U.S. Department of Defense, Intelligence Community and the British Ministry of Defense. Areas of focus include intelligence and surveillance, cybersecurity, complex logistics, energy, and healthView more earnings on LDOSLeidos shares traded down 0.92% at $98 on Tuesday. The stock has a 52-week range between $125.84 and $68.Related Link:Kratos Receives .8M Drone Contract Award From US Air ForceSee more from Benzinga * Blue Origin, SpaceX Land NASA Deal(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
At this time, I'll turn the conference over to Peter Berl, Investor Relations. Joining me today are Roger Krone, our Chairman and CEO; Jim Reagan, our Chief Financial Officer; and other members of the Leidos management team. Roger will lead off the call with notable highlights from the quarter, as well as comments on the market environment and our company strategy.
Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, and it's wholly-owned subsidiary Dynetics, are teaming up with the Community Anti-Drug Coalitions of America (CADCA), the Alabama Department of Mental Health and WellStone Behavioral Health to provide 19,600 drug deactivation (safe disposal) pouches to communities throughout Huntsville, Ala.
Q1 2020 Leidos Holdings Inc Earnings Call
Leidos (NYSE:LDOS), a FORTUNE® 500 science and technology leader, today announced a teaming agreement with Paramount Group USA and Vertex Aerospace to pursue a new contract to deliver the Bronco II, a new purpose-built, multi-mission aircraft. The aircraft will support the U.S. Special Operations Command's Armed Overwatch program.
Leidos (NYSE:LDOS), a FORTUNE® 500 science and technology leader, was awarded the Enterprise Standard Architecture V (ESA V) task order to provide managed IT services for the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) within the Department of Justice (DOJ). The single award hybrid task order has one ten-month and two one-year base periods of performance followed by six one-year option periods. It includes a ceiling value not to exceed $850 million. Work will be performed in Washington, D.C. and Clinton, Miss., supporting both domestic and international customer sites.
Leidos (LDOS) will deliver a software solution to maximize reusable efficiencies for the existing unmanned aircraft system.
Leidos (NYSE:LDOS), a FORTUNE® 500 science and technology leader, has been awarded a new prime contract by the General Services Administration (GSA). The contract directs Leidos to develop and refresh software as well as upgrade capabilities for the Army's Unmanned Aircraft System Ground Control Station – Version 4 (UASGCS-V4). The single award, cost-plus-fixed-fee contract has a one-year base period of performance and three one-year option years. If all options are exercised, the contract holds a total value of approximately $53 million. Work will primarily be performed in Huntsville, Ala.
Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, today announced that it has completed the acquisition of L3Harris Technologies' ("L3Harris") Security Detection and Automation businesses, for approximately $1 billion in cash. The transaction was previously announced on Feb. 4, 2020.
Leidos (NYSE: LDOS), a FORTUNE 500® science and technology company, will attend the Bernstein 36th Annual Strategic Decisions Conference webcast.
Leidos (NYSE: LDOS), a FORTUNE 500® science and technology leader, announced today that it has received $84.6 million from VirnetX representing Leidos' current share of the proceeds resulting from the VirnetX, Inc. lawsuit against Apple Inc. for infringing VirnetX patents.
Leidos Holdings, Inc. (NYSE: LDOS) ("Leidos"), a FORTUNE® 500 science and technology leader, today announced that its wholly-owned subsidiary, Leidos, Inc. (the "Issuer"), intends to commence, subject to market and customary conditions, a private offering of senior unsecured notes (the "Notes") pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act").
Leidos Holdings' (LDOS) first-quarter top line improves 12.1% year over year, backed by growth in revenues across all business segments.
Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, today announced that it earned a top score of 100 percent on the Human Rights Campaign Foundation's 2020 Corporate Equality Index (CEI), the nation's premier benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality. The top score of 100 percent, which emphasizes Leidos' unwavering commitment to inclusion, diversity, and workplace equality, earned the company the distinction of "Best Place to Work for LGBTQ Equality".
Leidos Holdings, Inc. (NYSE: LDOS) ("Leidos"), a FORTUNE® 500 science and technology leader, today announced that its wholly-owned subsidiary, Leidos, Inc. (the "Issuer"), priced $500 million aggregate principal amount of 2.950% notes due 2023, $500 million aggregate principal amount of 3.625% notes due 2025 and $750 million aggregate principal amount of 4.375% notes due 2030 (collectively, the "Notes") in connection with its previously announce private offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The Notes will be the senior unsecured obligations of the Issuer and will be fully and unconditionally guaranteed on a senior basis by Leidos. The Notes and the related guarantee will be structurally subordinated to the liabilities of Leidos' and the Issuer's existing and future subsidiaries.
Today we will run through one way of estimating the intrinsic value of Leidos Holdings, Inc. (NYSE:LDOS) by projecting...
Over the past five trading sessions, the defense biggies put up a mixed show.While General Dynamics gained the most, with its share price rising 5.9%, L3Harris lost the most.
Even in this volatile market and troubled economy, these defense contractors still look poised to prosper.
Leidos (NYSE: LDOS), a FORTUNE 500® science and technology company, will attend the Goldman Sachs Industrials and Materials Conference 2020 webcast.
Moody's Investors Service assigned Baa3 ratings to the planned $1.25 billion of senior unsecured notes to be issued by Leidos, Inc ("Leidos" or the "company"), the proceeds of which will be used to repay a $1.25 billion 364-day bridge loan that partially funded the company's $1.65 billion acquisition of Dynetics, Inc. in January 2020. Beyond the Dynetics, Inc. acquisition, Leidos' $1 billion acquisition of L3Harris' Security Detection and Automation ("L3ADA") business, which just closed, was funded through a two-year term loan.