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Search Results for: Leidos Holdings

Raytheon & L-3 Boost Earnings Guidance on 2Q Beat, Leidos Below Street Outlook

Three government contractors listed in Executive Mosaic’s GovCon Index reported second quarter financial results before U.S. markets opened Wednesday. Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) both lifted full-year earnings and revenue guidance Thursday on second quarter results that topped the consensus analyst outlooks for each figure. Raytheon cited sales of its Paveway …

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Lockheed Eyes Further Share Count Cut Via Leidos Transaction, to Use Cash Dividend for Stock Buyback

Lockheed Martin (NYSE: LMT) envisions further reductions in its outstanding share count after the merger of its information systems and global solutions business into Leidos Holdings (NYSE: LDOS) completes on its scheduled closure date of Aug. 16, Lockheed Chief Financial Officer Bruce Tanner told investors Tuesday. Tanner’s comment to analysts in the company’s second …

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Roger Krone: SETA Service Contracts Minimal in Leidos-Lockheed IS&GS Combination

The merger of Leidos Holdings (NYSE: LDOS) with Lockheed Martin‘s (NYSE: LMT) information systems and global solutions business involves “one or two” contracts for systems engineering and technical assistance service work that has largely been spun out of the latter company, Leidos CEO Roger Krone told investors Tuesday. Krone said Lockheed shifted …

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Lockheed Awaits UK Regulatory Review Over Leidos Deal; IS&GS 2016 Forecast Lifted

Lockheed Martin (NYSE: LMT) has one pending regulatory review remaining in the U.K. over the merger of its information systems and global solutions business with Leidos Holdings (NYSE: LDOS) ahead of the deal’s intended closure in either the third or fourth quarter, Lockheed CEO Marillyn Hewson told investors Tuesday. Both companies agreed in …

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Leidos CEO Roger Krone is 2016 Wash100 Inductee for Leadership in Company Growth and Financial Performance

Executive Mosaic, Tysons Corner, VA March 17, 2016 — Leidos Holdings CEO Roger Krone has been inducted into Executive Mosaic’s Wash100 list of the most influential leaders in GovCon for his leadership in growth strategy and financial performance. The Wash100 is the premier group of private and public sector leaders selected by Executive Mosaic’s organizational …

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Leidos Tops Wall Street’s Full 2015 & 4Q Earnings Forecasts

Leidos Holdings (NYSE: LDOS) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported earnings of $2.78 per share for its full 2015 calendar year to exceed the consensus Wall Street forecast by 2 cents. The Reston, Virginia-based government services contractor stated full-year net income as …

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Leidos to Merge With Lockheed IT, Gov’t Services Segments in $5B Tax-Free Deal

Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenue, the companies said Tuesday. Both companies — …

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Leidos 3Q Earnings Top Wall Street Forecasts, Revenue In Line; Roger Krone on M&A Market

Leidos Holdings (NYSE: LDOS) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of 71 cents per share to exceed the consensus Wall Street forecast by 5 cents and prior year figures by 6 cents. Profit climbed 44.12 percent from the same …

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Leidos Signs Deal to Repurchase $100M in Outstanding Shares

Leidos Holdings (NYSE: LDOS) has reached an agreement with a financial institution to repurchase $100 million of the company’s outstanding shares of common stock. The company will acquire those shares under an existing repurchase authorization and the financial institution is set to deliver 80 percent of the shares in the near term, Leidos …

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Leidos Board Appoints CEO Roger Krone Chairman

Leidos (NYSE: LDOS) CEO Roger Krone officially became chairman of the board of directors on March 20, less than a year after he joined the company from Boeing (NYSE: BA). The board designated Krone as the successor to former Chairman John Jumper, who served as CEO until he retired from that role last year, Leidos …

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