Sign In
Search
Business/Financial

Leidos Opens Year With Higher Sales, Lower Earnings

Cal Biesecker By
SHARE:
Leidos Opens Year With Higher Sales, Lower Earnings
Leidos Chairman and CEO Roger Krone. Photo: Leidos

  Leidos [LDOS] on Tuesday posted higher sales in the first quarter driven by gains across its operating segments, although earnings fell due largely to positive legal adjustment a year ago that buoyed results at the time and lower operating income in its Defense Solutions and Civil segments. Net income in the quarter declined 14 percent to $177 million, $1.25 earnings per share (EPS), from $205 million ($1.42 EPS) a year ago. Excluding various acquisition related costs and amortization of…

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: Black Arrow and Blackbeard, Jordan KuMRFS, Epirus and DFT

Business/Financial

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Business/Financial

Turbojet Engine Manufacturer PBS Aerospace In Subcontract With Zone 5

Business/Financial

Venture Firm Focused On Dual Use Maritime Companies Gets $150 Million DoD Loan Backing

Trending

Trump Says Defense CEOs Agree To Rapidly Quadruple Production Of ‘Exquisite Class’ Weapons
Electric Boat President Says Multi-Sub Award Still Months Away, Explains Outsourcing Issues
U.S. CENTCOM Confirms First Combat Use Of Lockheed-Built PrSM In Iran Strikes
Two Re-Entry Vehicles Featured In Latest Minuteman III Test, AFGSC Says
X-Bow Begins Hot-Firings Of Large Solid Rocket Motor For Hypersonic Applications

Congress Updates

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

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