Core Viewpoint - Leidos will participate in the Citi 2026 Global Industrial Tech and Mobility Conference, highlighting its role in the industry and providing insights into its operations and future strategies [1]. Company Overview - Leidos is a leader in industry and technology, serving both government and commercial customers with innovative digital and mission solutions [1]. - The company is headquartered in Reston, Virginia, and employs approximately 47,000 people globally [1]. - For the fiscal year ending January 3, 2025, Leidos reported annual revenues of approximately $16.7 billion [1]. Event Details - The conference will take place in Miami, Florida, with CEO Tom Bell participating in a "fireside chat" on February 18, 2026, at 1:00 p.m. ET [1]. - A live audio webcast of the event will be available on the Leidos Investor Relations website, with a replay accessible for 30 days post-event [1].

Core Insights - Leidos is modernizing IT operations for the Compartmented Enterprise Services Office (CESO) within the Defense Information Systems Agency (DISA) to enhance information sharing across the Department of War and the intelligence community [1][2] Group 1: Contract Details - The contract awarded to Leidos is valued at $142 million, focusing on integrated engineering, software development, operations, and cybersecurity services to optimize CESO's secure web applications [2] - The modernization includes scalable, AI-driven capabilities aimed at streamlining operations, improving secure information access, and advancing Zero Trust compliance [2] Group 2: Strategic Importance - This effort is designed to enhance decision-making, user experience, and mission readiness, thereby strengthening the digital backbone that supports national defense and intelligence operations [3] - Leidos' role is critical in operating, sustaining, and defending the Department of War's most vital networks, supporting U.S. defense missions globally [3] Group 3: Company Overview - Leidos is a leader in industry and technology, serving government and commercial customers with innovative digital and mission solutions, reporting annual revenues of approximately $16.7 billion for the fiscal year ended January 3, 2025 [5]

DHI Group (NYSE: DHX) Conference Summary Company Overview - DHI Group operates two tech-oriented recruiting platforms: ClearanceJobs and Dice, which connect employers with tech talent in the U.S. [4][5] - The company is headquartered in Denver, Colorado, and is listed on the New York Stock Exchange under the symbol DHX [4]. Financial Performance - In 2025, DHI Group reported $128 million in revenue and $126 million in bookings, with a five-year CAGR of 2% for revenue and a decline of 1% for bookings [7]. - Adjusted EBITDA was $35 million, resulting in a 27% Adjusted EBITDA margin [7]. - The company generated $21 million in operating cash flow and $14 million in free cash flow [7]. - Over 90% of revenue is recurring, with a significant portion coming from subscription contracts [6][20]. Market Dynamics - The tech staffing sector, which constitutes over 80% of Dice's revenue, is beginning to recover after a hiring recession [7][32]. - The U.S. tech workforce has grown by approximately 3% annually over the past 30 years, with a forecasted growth of at least 15% over the next decade [9][14]. - The average salary for tech professionals in the U.S. is around $111,000, significantly higher than the average worker's salary of $50,000 [11]. Competitive Advantages - DHI Group differentiates itself through specialized search algorithms that focus on tech skills rather than job titles [5]. - The company has a unique skills taxonomy that categorizes over 100,000 tech skills, which is patented and central to its value proposition [16]. - ClearanceJobs is the leading platform for accessing technology professionals with government clearances, a niche not served by competitors like LinkedIn [10]. Recent Developments - DHI Group has introduced a self-service option for managing Dice subscriptions and is testing a premium candidate experience for ClearanceJobs [6]. - The company acquired Agile ATS, an applicant tracking system optimized for government hiring, which has seen revenue growth since its integration [6][35]. - A share buyback program was reinstated, with $11.4 million worth of shares repurchased in 2025 [8]. Future Outlook - The U.S. defense budget is expected to increase significantly, providing opportunities for ClearanceJobs to expand its services to existing contractors [13][36]. - DHI Group aims to achieve a 25% Adjusted EBITDA margin for 2026 and is targeting growth in a normalized demand environment [23][30]. - The company plans to continue exploring tuck-in acquisitions to enhance its service offerings [36]. Challenges - The HR tech space has faced challenging market conditions, with bookings and revenue declining year-over-year [23][30]. - Dice's bookings have a five-year CAGR of -7%, with recent quarters showing a decline in revenue [29]. Key Metrics - ClearanceJobs revenue in 2025 was $55 million, with a five-year CAGR of 12% [28]. - Dice revenue in 2025 was $73 million, with a five-year CAGR of -4% [28]. - ClearanceJobs has a 90% revenue renewal rate and a 109% retention rate [28]. Conclusion - DHI Group is positioned to capture growth in tech hiring, supported by a strong subscription model and a focus on specialized tech recruitment [31].

Core Insights - Leidos and RegScale are collaborating to enhance digital security for federal agencies, particularly the Department of War, by integrating Leidos' UpHold Armor with RegScale's Continuous Controls Monitoring (CCM) platform [1][2] Group 1: Partnership and Objectives - The partnership aims to automate security processes, strengthen cyber defenses, reduce operational risks, and allow federal agencies to focus on their primary missions [2][4] - The initial deployment of the integrated solution will support the U.S. Air Force and other federal organizations in modernizing their cybersecurity operations [2][3] Group 2: Technology and Benefits - UpHold Armor incorporates automated risk management into daily operations for both modern and legacy systems, while RegScale's CCM platform continuously monitors security controls and collects necessary compliance evidence [3][4] - This collaboration allows agencies to transition from periodic audits to continuous compliance, improving security visibility and reducing the complexity and cost associated with audits [4][7] Group 3: Strategic Focus - This initiative is part of Leidos' NorthStar 2030 strategy, which emphasizes digital modernization [5] - Leidos reported annual revenues of approximately $16.7 billion for the fiscal year ending January 3, 2025, indicating a strong financial position to support such initiatives [6]

Forward looking statements This presentation and oral statements made from time to time by our representatives contain forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environ ...

Core Insights - Trustible and Leidos are collaborating to redefine AI governance through automation, aiming to reduce the time required for governance processes from weeks to hours or even minutes while ensuring oversight and control [1][5][6] AI Governance Overview - AI governance involves establishing guardrails for AI usage, ensuring systems are reviewed, approved, and monitored to understand their functionality, risks, and readiness for deployment [2] - The goal is to ensure responsible AI deployment with transparency, accountability, and alignment to legal and ethical standards [2] Collaboration Details - The partnership leverages Leidos' extensive experience in AI deployment and Trustible's automated governance platform to facilitate AI adoption while managing associated risks [3][4] - The collaboration aims to operationalize governance through automation, allowing agencies to transition from policy to practice more efficiently [4] Automation Impact - In a proof-of-concept, the collaboration demonstrated that automated governance can significantly reduce barriers to AI deployment, compressing the initial governance intake process from weeks to hours or minutes based on system complexity [5] - This automation is expected to streamline governance workflows while maintaining necessary rigor, accountability, and transparency in mission-critical environments [5][6] Future Outlook - With ongoing development of advanced agentic capabilities, the collaboration anticipates further compression of governance timelines, enabling a focus on outcomes rather than processes [6] - The joint approach is designed to support AI adoption across various sectors, including civilian, defense, and intelligence, by embedding governance directly into AI workflows [7] Integration and Commitment - Leidos has integrated Trustible's platform into its enterprise governance framework, reinforcing its commitment to delivering secure and accountable AI systems at scale [8]

Group 1 - Leidos Holdings, Inc. (LDOS) has agreed to acquire ENTRUST Solutions Group for nearly $2.4 billion, with the transaction expected to close by the end of Q2 2026 [1][9]. - The acquisition will significantly expand Leidos' utility infrastructure footprint, effectively doubling its $600 million energy infrastructure engineering business and enhancing its role in grid modernization [2][9]. - The deal aligns with Leidos' NorthStar 2030 strategy, focusing on secure and resilient energy infrastructure, supported by an anticipated $1 trillion in U.S. utility investment over the next decade [3]. Group 2 - The acquisition is expected to improve Leidos' competitive positioning in a growing market, driven by rising demand for grid reliability, renewable integration, and climate resilience, supporting long-term revenue growth and earnings durability [4]. - The computer and technology sector has seen a surge in mergers and acquisitions, driven by rapid innovation and competition, allowing companies to scale operations and enhance capabilities [5][6]. - Other recent acquisitions in the sector include IonQ's agreement to acquire SkyWater Technology for nearly $1.8 billion, aimed at accelerating its quantum computing roadmap [6]. Group 3 - Leidos' stock has gained 17.3% over the past six months, contrasting with a 10.1% decline in the industry [11]. - Currently, Leidos holds a Zacks Rank of 3 (Hold) [12].

Company Overview - ENTRUST Solutions Group is a leading consulting and engineering services platform serving the utility and infrastructure end markets with over 3,100 professionals across 40+ locations in North America [2][7] - The company provides consulting, design, and engineering services aimed at maintaining and upgrading aging utility infrastructure in the United States [2][7] - Over the past six years, ENTRUST has significantly expanded its geographic reach, service capabilities, and customer base through organic growth, strategic acquisitions, and enhanced operational infrastructure [7] Investment Details - Neuberger Berman Capital Solutions, along with funds managed by Neuberger Berman Private Markets, announced the exit of its minority investment in ENTRUST through a sale to Leidos for approximately $2.4 billion [1] - Neuberger initially acquired a significant minority stake in ENTRUST in August 2023 [1] - The transaction is subject to customary closing conditions and regulatory approvals, expected to close in the second quarter of 2026 [4] Strategic Partnerships - Neuberger Berman has played a vital role in supporting ENTRUST's strategic investments and team assembly, positioning the company for long-term success [3] - Leidos has retained Citi as financial advisor, Davis Polk & Wardwell LLP as legal advisor, and PwC as accounting advisor for the transaction [3] - ENTRUST, Kohlberg, and Neuberger have engaged Houlihan Lokey and Perella Weinberg Partners as financial advisors, Ropes & Gray as legal advisor, and KPMG as accounting advisor [4]

Core Insights - Leidos Holdings, Inc. (LDOS) has been actively participating in the 2025 rally in defense stocks, indicating a positive market trend for the company and the sector [1] - The company started 2026 with a strategic acquisition, suggesting a proactive approach to growth and market positioning [1] Group 1 - Leidos Holdings had a solid but not particularly inspiring performance in the previous year, which sets the stage for its current activities [1] - The company is part of a broader investment group that focuses on capitalizing on significant corporate events such as IPOs, mergers & acquisitions, and earnings reports [1]

Middle-market private equity firm Kohlberg has agreed to sell ENTRUST Solutions Group to Leidos Holdings Inc (NYSE:LDOS) for approximately $2.4 billion. • Leidos Holdings shares are experiencing downward pressure. What’s driving LDOS stock lower?The transaction is expected to close in the second quarter of 2026, stated an announcement made by the firm.Houlihan Lokey and Perella Weinberg Partners are serving as financial advisors, Ropes & Gray is serving as legal advisor, and KPMG is serving as accounting ad ...