Sign In
Search
Business/Financial

Leidos Posts Mixed Results In First Quarter; Lowers Profit Outlook On Covid Impacts

Cal Biesecker By
SHARE:
Leidos Posts Mixed Results In First Quarter; Lowers Profit Outlook On Covid Impacts
Artist rendering of a Dynetics-built hypersonic glide body weapon. Image: Leidos

Leidos [LDOS] on Tuesday reported higher sales but lower earnings with the top line gains driven by higher volume, new program wins and recent acquisitions and the bottom line impacted by a tough comparison from a year ago when the company benefited from the sale of its commercial cyber security business, a charge on an international program, and negative impacts from the COVID-19 pandemic. The company also lowered its guidance for sales and earnings this year to account for COVID…

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

Business/Financial

Shield AI Raises $2 Billion; Acquiring Software Simulation Company Aechelon To Strengthen AI Pilot

Business/Financial

Powerus, DFT Team To Deliver Enhanced Drone Interceptors

Business/Financial

X-Bow Providing Rocket Assisted Takeoff Kit For AEVEX Long-Range Loitering Munition

Business/Financial

Red Cat Adds Swarming Autonomy Developer Apium To Portfolio

Trending

Space Force Requests More Than $8 Billion For Space-Based AMTI
Air Force To Host Classified Industry Day For Standoff Attack Weapon
Army Budget Request Appears To Forego Black Hawk, Apache Procurement In FY ‘27
Defense Watch: Unhappy Dem, Hypersonic Test, More Army Ousters, DDG Launch
Hanwha Plans Alabama Site To Support U.S. Production Of K9MH Howitzer It’s Offering To U.S. Army

Congress Updates

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

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 […]

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