Defense
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Leidos 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 raised its full-year revenue and earnings guidance. This growth is driven by its defense business, with a book-to-bill ratio of 2.2.
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Ukrainian President Volodymyr Zelenskyy met with President Trump to discuss bolstering Ukraine's anti-ballistic missile defenses against Russian attacks. The meeting included discussions on joint production of Patriot missiles in Ukraine. Zelenskyy also met with US Senators to firm up US commitments to Ukraine's defense.
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Arizona National Guard Military Police returned from a year-long strategic defense mission in Alaska, providing site security at a Ground Base Interceptor site. The unit helped deter sabotage and identify hostile threats to a site of national importance.
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Ukraine's Defense Forces struck multiple Russian targets, including defense industry plants and a fuel depot. The attacks targeted facilities producing microelectronics and rocket fuel components for Russian weapons. Logistics hubs in the Donetsk region were also hit.