Sign In
Search
Business/Financial

Commercial Impairment Charges Send Leidos To Second Quarter Loss

Cal Biesecker By
SHARE:
Commercial Impairment Charges Send Leidos To Second Quarter Loss
Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Tuesday posted a hefty loss in its second quarter due mainly to two impairment charges associated with its commercial health and engineering businesses, while sales also fell on a decline in work in these businesses and for overseas contingencies. Net income swung to a $438 million loss, $5.92 earnings per share (EPS), from profit of $42 million (50 cents EPS) a year ago. Leidos took charges of $510 million due to what new CEO Roger Krone described…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Defense Watch

Defense Watch: Talon Blue News, Iranian Missiles, LTAMDS Award, DDG News

Defense Watch

Defense Watch: Talon Blue News, Iranian Missiles, LTAMDS Award, DDG News

Defense Watch

Defense Watch: Space Acquisition, Naval Autonomy, FMS Deals, Drone Warhead

Business/Financial

Lockheed Martin Invests $25 Million In Fortem Technologies To Strengthen C-UAS Capabilities

Trending

Firestorm Labs Raises $82 Million To Transition Mobile 3D Printing Tech, Drones Into Production
MDA Director Says NGI On Track To Close Design Phase This Year
CoAspire Unveils Extended Range Affordable Cruise Missile
Marines Tap Sikorsky, Robinson’s Unmanned R66 For Medium Resupply Drone Development Effort
Army Begins Evaluating Bumble Bee Drone Interceptor With Autonomous Kill Capability

Congress Updates

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Air Force

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume