Financial Performance - Leidos' Q1 FY25 revenues increased by 6.8% year-over-year, reaching $4.245 billion compared to $3.975 billion in Q1 FY24 [22] - The adjusted EBITDA margin for Q1 FY25 was 14.2%, a 190 basis points increase from 12.3% in Q1 FY24 [22] - Non-GAAP diluted EPS for Q1 FY25 rose by 29.7% year-over-year, from $2.29 to $2.97 [22] - Operating cash flow was $58 million and non-GAAP free cash flow was $36 million [25] Segment Results - National Security & Digital segment revenue increased by 4.7%, from $1.793 billion to $1.878 billion [24] - Health & Civil segment revenue increased by 7.7%, from $1.199 billion to $1.291 billion [24] - Commercial & International segment revenue increased by 11.6%, from $509 million to $568 million [24] - Defense Systems segment revenue increased by 7.2%, from $474 million to $508 million [24] Capital Allocation and Guidance - Leidos executed a $500 million accelerated share repurchase [17, 25] - Leidos reaffirmed its FY25 revenue guidance of $16.90 - $17.30 billion [27] - The company reaffirmed its FY25 adjusted EBITDA margin guidance in the mid-high 12% range [27]

RESTON, Va., May 6, 2025 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE: LDOS) today reported financial results for the first quarter of fiscal year 2025, highlighted by robust earnings and revenue growth. "Our robust first quarter results build on the momentum from 2024, demonstrating the team's ability to execute in a dynamic environment that demands agility and innovation," said Leidos Chief Executive Officer Tom Bell. "The five growth pillars defined by our NorthStar 2030 Strategy are well aligned to the p ...

SUMMARY OPERATING RESULTS | | | | Three Months Ended | | | --- | --- | --- | --- | --- | | (in millions, except margin and per share data) | | April 4, 2025 | | March 29, 2024 | | Revenues | $ | 4,245 | $ | 3,975 | | Net income | $ | 365 | $ | 283 | | Net income margin | | 8.6 % | | 7.1 % | | Diluted earnings per share (EPS) | $ | 2.77 | $ | 2.07 | | Non-GAAP Measures*: | | | | | | Adjusted EBITDA | $ | 601 | $ | 490 | | Adjusted EBITDA margin | | 14.2 % | | 12.3 % | | Non-GAAP diluted EPS | $ | 2.97 | $ | ...

RESTON, Va., May 5, 2025 /PRNewswire/ -- Leidos (NYSE:LDOS) will modernize and operate information technology systems for the Defense Threat Reduction Agency (DTRA) enterprise that will help the agency deter, prevent and prevail against emerging threats around the world.  As part of this IT transformation, Leidos will support DTRA's advance toward a Zero Trust cybersecurity posture.Through a recently awarded $205 million contract, Leidos will use artificial intelligence technologies to accelerate DTRA's pro ...

Core Viewpoint - Frequency Electronics, Inc. has been awarded a subcontract from Leidos to develop a next-generation Nitrogen Vacancy (NV) Diamond Magnetometer, which is aimed at enhancing magnetic navigation in GPS-denied environments [1][2][4]. Group 1: Company Overview - Frequency Electronics, Inc. is a leading provider of precision timing and frequency technology, specializing in high precision timing, frequency generation, and RF control products for both space and terrestrial applications [5]. - The company has received over 100 awards for excellence in providing high-performance electronic assemblies for more than 150 space and Department of Defense (DOD) programs [5]. - Frequency Electronics invests significantly in research and development to expand its capabilities and markets [5]. Group 2: Project Details - The NV Diamond magnetometer will utilize nitrogen vacancy centers in diamond to create a compact and highly sensitive quantum magnetometer, suitable for deployment in challenging operational environments [2][3]. - Frequency Electronics will lead the design, prototyping, and testing phases of the NV Diamond magnetometer over a multi-year effort, aligning with national investments in quantum technologies [4]. Group 3: Industry Context - The demand for highly sensitive, reliable, and compact magnetic field sensors is growing across defense, intelligence, and scientific applications, reflecting the frontier of modern physics and defense technology [3]. - The initiative supports broader national goals of enhancing situational awareness, navigation, and detection capabilities in various operational contexts [4].

MITCHEL FIELD, N.Y., March 27, 2025 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM), a leading provider of precision timing and frequency technology, today announced it has been awarded a subcontract from Leidos (NYSE: LDOS) to develop a next-generation Nitrogen Vacancy (NV) Diamond Magnetometer. The award supports the development of a compact, highly sensitive quantum magnetometer leveraging nitrogen vacancy centers in diamond to detect magnetic fields for magnetic na ...