Leidos Holdings Secures $32M Contract for Defense Radar Systems
December 11, 2023
☀️Trending News
Leidos Holdings ($NYSE:LDOS), Inc. (NYSE: LDOS) is a leading provider of technology and solutions for the US government and commercial customers. Recently, the company has been awarded a contract for defense radar systems valued at $32M. The company will provide a variety of services including engineering, operations, and maintenance support for the radar systems. The contract was awarded by the U.S. Naval Air Systems Command (NAVAIR) and enables Leidos Holdings to design, manufacture, and deliver the radar systems to the U.S. Navy.
As part of the agreement, Leidos will also provide life-cycle support and technical services for the estimated five-year period. It also reinforces the company’s position as a leader in the defense sector. This contract is expected to create new job opportunities and strengthen the company’s presence in the defense industry.
Stock Price
On Monday, LEIDOS HOLDINGS, a global technology leader, announced that it had secured a $32M contract from the U.S. Department of Defense to develop and install cutting-edge radar systems. The contract was awarded following a competitive bidding process, affirming the quality of LEIDOS HOLDINGS’s radar technology and expertise. In response to the news, LEIDOS HOLDINGS stock opened at $106.5 and closed at $106.8, indicating investor confidence in the company’s ability to fulfill its contract obligations and further strengthen its position in the defense technology sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Leidos Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 15.15k | 147 | 4.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Leidos Holdings. More…
| Operations | Investing | Financing |
| 980 | -393 | -605 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Leidos Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.76k | 8.55k | 30.15 |
Key Ratios Snapshot
Some of the financial key ratios for Leidos Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.1% | 10.5% | 3.5% |
| FCF Margin | ROE | ROA |
| 5.3% | 7.5% | 2.6% |
Analysis
At GoodWhale, we conducted an analysis of LEIDOS HOLDINGS‘ fundamentals and found that based on the Star Chart, LEIDOS HOLDINGS is classified as a ‘rhino’, which we assess as a company that has achieved moderate revenue or earnings growth. LEIDOS HOLDINGS is strong in dividend, medium in growth, profitability, and weak in asset. The company also has a high health score of 8/10, indicating that its cashflows and debt are strong enough to allow it to safely ride out any crisis without the risk of bankruptcy. Investors who are looking for a steady source of income with moderate growth potential may find LEIDOS HOLDINGS an attractive option. The company’s strong dividend and its ability to weather any economic downturns make it a good long-term investment choice. Additionally, its medium level of growth potential could make it a viable option for investors who are looking for a balance between income and growth. More…
Peers
Leidos Holdings Inc is an American technology company that provides products and services for the national security, health, and engineering sectors. The company operates in three segments: National Security Solutions, Health Solutions, and Engineering Solutions. Leidos Holdings Inc’s competitors include Vama Industries Ltd, STS Evermedia Corp, and Societe Pour L’Informatique Industrielle.
– Vama Industries Ltd ($BSE:512175)
Vama Industries Ltd is an Indian company that manufactures automotive components and parts. It has a market cap of 370.93M as of 2022 and a Return on Equity of 3.33%. The company was founded in 1963 and is headquartered in Mumbai, India. Vama Industries Ltd manufactures a variety of automotive components and parts, including engine parts, suspension parts, and electrical parts.
– STS Evermedia Corp ($OTCPK:SEVM)
Societe Pour L’Informatique Industrielle is a France-based company that provides software solutions and services for industrial applications. The Company operates in three segments: Software Solutions, Services and Maintenance, and Hardware. The Software Solutions segment offers software products, including design and development tools, manufacturing execution systems, and industrial connectivity solutions. The Services and Maintenance segment provides services, such as consulting, training, and support, as well as maintenance and support services for software products. The Hardware segment offers hardware products, such as programmable logic controllers, human machine interfaces, and industrial PCs.
Summary
Leidos Holdings Inc. recently reported a new contract with the U.S. Department of Defense for defense radar systems worth $32 million. This contract is a positive development for the company, providing a boost to its existing defense business. Investors should take note of this news, as it signals further strength in the company’s core business. With the company’s continued success in its defense and government contracts, Leidos Holdings Inc. has become increasingly attractive for investors looking to invest in the defense sector.
Although the company faces challenges in the form of geopolitical tensions, its diversified portfolio of technology and services is well-positioned to face them head-on. As the company continues to gain traction in this market, investors can expect strong returns in the foreseeable future.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
