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Leidos has reported a 7% increase in Q2 revenue to $4.56 billion, with net bookings of $4.9 billion and a funded backlog up 44% year over year. The company has raised its full-year revenue and earnings guidance. Leidos' strong performance is driven by its defense business, with a book-to-bill ratio of 2.2.
The Defense Information Systems Agency (DISA) is seeking industry input on the migration of CommandNet after a bid protest was filed by GDIT. The protest claimed that DISA did not conduct adequate market research before awarding a sole-source contract to Leidos. DISA is now looking for feedback from industry partners to inform the program's development.
The Australian government has selected Leidos Gibbs and Cox to design a floating dry dock supporting AUKUS infrastructure for its future nuclear-powered submarine fleet. The dry dock is a critical component of the AUKUS program, which aims to provide Australia with conventionally-armed, nuclear-powered submarines. The selection marks an important step in the development of Australia's submarine capabilities.
Leidos has secured a potential five-year, $717 million task order to support the U.S. Air Force's Intelligence, Surveillance and Reconnaissance (ISR) operations. The task order extends Leidos' ISR support for Air Combat Command across over 35 global locations.
Hanwha Ocean is expanding its US shipbuilding presence through a design deal with Leidos for military sealift and new workforce partnerships. The agreements cover military sealift design, workforce training, and supply-chain development. This move aims to strengthen Hanwha Ocean's position in the US shipbuilding industry.
Leidos and DHL Supply Chain have formed a strategic alliance to provide defence logistics support to the UK Ministry of Defence. The partnership is aligned with the UK MOD's FDSS programme, focusing on readiness and supply-chain resilience.
Leidos and Rune Technologies are partnering to develop AI-enabled logistics tools for military sustainment in contested environments. The partnership aims to support military organizations with predictive sustainment capabilities. This collaboration will enhance operational efficiency in distributed environments.
The US Special Operations Command (USSOCOM) has awarded a $27.2 million contract to Leidos for the purchase of fully assembled AGM-190A Havoc Spear Small Cruise Missiles. The work will be centered in Huntsville, Alabama, and is expected to be completed by February 2029.
Leidos is hiring a Junior System Integrator for production planning and data analysis in Virginia. The job is listed on Military.com, a platform for information careers and jobs in the military sector.
President Trump met with munitions makers to discuss replenishing US weapons stockpiles. The Pentagon is pressing contractors to increase production. The meeting included emerging weapons makers such as Anduril, Castelion, and Leidos.