Aerospace Group:

Business/Financial

Leidos’ Income Rises 17 Percent In Second Quarter

By Marc Selinger

Thursday, July 28th, 2016

SHARE:

Leidos’ Income Rises 17 Percent In Second Quarter

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos Holdings [LDOS] announced July 28 that its operating income totaled $75 million in the second quarter of fiscal year 2016, up 17 percent from the same period last year.The operating income margin from the company’s National Security Solutions segment was 6.7 percent, down from 8.4 percent last year due mainly to “lower program fees and contract mix,” Leidos said. Meanwhile, the Health and Infrastructure Sector’s margin was 10.5 percent, up from a negative radio of 1.8 percent thanks to…

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]