LONDON, UK / ACCESSWIRE / October 18, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Leidos Holdings, Inc. (NYSE: LDOS), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=LDOS. The Company announced on October 16, 2017, that it was awarded one of the ten significant contracts of the US Army's Research, Development, and Engineering Command's Communications, and Electronic Research, Development, and Engineering Center's Night Vision and Electronic Sensors Directorate (NVESD). The Contract was awarded under the Deployable Adaptive Global Responder Support program. The multiple-award indefinite-delivery/indefinite quantity contract has a base period of five-year based on performance, consisting of total contract value of $480 million. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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The NVESD is an important arm of the US Army supporting its joint expeditionary, special operations, intelligence, and other mission-focused activities by providing rapid access to technology solutions. As per the contract terms, Leidos will use its expertise in contracts and program management solutions which will allow NVESD to be more responsive and adaptive to the needs of the Army and US Military. Scope of work entails research and development, operational integration, operational analysis and assessment, and other necessary support including logistics and communications.

Leidos Group President, Mike Chagnon, explained that Leidos aimed to "rapidly develop, field, and support mission­ oriented technology solutions for global responders across the Department of Defense and the federal government".

Government Contracts

On October 12, 2017, Leidos announced that it was awarded a prime contract by the National Geospatial-Intelligence Agency (NGA) under the Information Technology Enterprise Management (ITEMS) User Facing Services (UFS) program. This single-award, indefinite-delivery/indefinite-quantity, firm-fixed price contract has a five-year ordering period with a total contract ceiling of $988 million.

Financials

Leidos has reported a total revenue growth of 99.22% at $2.57 billion on a y-o-y basis for Q2 2017. The Company reported an operating income of $166 million. Leidos is engaged in defense solutions forming the largest chunk of its business with $1.24 billion, Civil works with $875 million, and Health revenues at $454 million. The Company recorded net bookings of $2.7 billion for the reported quarter with a book-to-bill ratio of 1.0. This ratio indicates the Company's number of outstanding orders compared to the number of shipped or fulfilled orders.

Upcoming Earnings Results

On October 05, 2017, Leidos announced that it has scheduled a conference call for November 02, 2017, at 7:30 AM ET to announce its Q3 2017 financial results for the period ending September 29, 2017. The Company plans to issue its quarterly earnings press release before the conference call on November 02, 2017.

About Leidos

Leidos is a Fortune 500® science and technology solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The Company's 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $7.04 billion for the fiscal year ended December 30, 2016.

Last Close Stock Review

At the closing bell, on Tuesday, October 17, 2017, Leidos' stock marginally down slipped 0.42%, ending the trading session at $61.82. A total volume of 463.66 thousand shares have exchanged hands. The Company's stock price soared 15.79% in the last three months, 19.48% in the past six months, and 48.75% in the previous twelve months. Moreover, the stock rallied 20.88% since the start of the year. The stock is trading at a PE ratio of 27.00 and has a dividend yield of 2.07%. The stock currently has a market cap of $9.33 billion.

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