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Business/Financial

New Leidos CEO Outlines Areas For Improvement; Reports Strong Second Quarter Results

By Cal Biesecker

Tuesday, August 1st, 2023

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Leidos CEO Tom Bell. Photo: Leidos

Leidos [LDOS] can better leverage prior acquisitions, some of which have not fulfilled their original business case, the company’s financial performance at times has been subpar and it needs more “quality wins” to grow its backlog, which will be the leading indicator of future sales gains, Tom Bell, Leidos’ new CEO, said on Tuesday. In addition to outlining several areas of focus for improvement, Bell also said Leidos is in the process of a “strategic sharpening,” which will result in…

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 […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]