Search

Leidos Earnings, Sales Fall In Fourth Quarter Amid Continued Headwinds; Shea Resigns

Leidos Earnings, Sales Fall In Fourth Quarter Amid Continued Headwinds; Shea Resigns
Leidos Chairman and CEO John Jumper. Photo: Leidos

Beset by continued drags on defense and government spending and lower volume in its health and engineering group, Leidos Holdings [LDOS] on Thursday posted declines in income and sales in its fourth quarter and expects sales to contract further in 2015. The company also announced that Stu Shea, the company’s president and chief operating officer and the architect of the breakup of the old SAIC into Leidos and the new SAIC [SAIC], will resign effective April 6. The company said…

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.



Contract Updates

UPDATE: Eagle Safe Surfaces Colorado Inc. (Englewood, Colorado (SPE8EC-26-D-0006) – $139,000,000),

UPDATE: Eagle Safe Surfaces Colorado Inc.,*  Englewood, Colorado (SPE8EC-26-D-0006, $139,000,000), has been added as an awardee to the multiple award contract for snow removal equipment, issued against solicitation SPE8EC-21-R-0008 and awarded Jan. 20, 2023. The contracting activity is Defense Logistics…


AvKARE LLC (Pulaski, Tennessee) – $12,915,328

AvKARE LLC, Pulaski, Tennessee, has been awarded an estimated $12,915,328 firm-fixed-price requirements contract for telmisartan tablets. This was a competitive acquisition with nine responses received. This is a one-year base contract with four one-year option periods. Locations of performance are…


Bernard Cap LLC (Hialeah, Florida) – $18,857,146

Bernard Cap LLC,* Hialeah, Florida, has been awarded a maximum $18,857,146 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for green service uniform garrison caps. This was a competitive acquisition with six responses received. This is a five-year contract with no option periods. The ordering…


Science Applications International Corp. (Reston, Virginia) – $26,253,706

Science Applications International Corp., Reston, Virginia, has been awarded a $26,253,706 cost-plus-fixed-fee contract in support of Air Force modeling simulation sustainment support. The Air Force modeling and simulation services support (AFMS3) contract provides comprehensive support to the Department of the…