Leidos Holdings, Inc. is a dynamic innovation company focused on addressing challenges in national security and health sectors. Founded in 1969, the company leverages expertise in science, research, and engineering, with a global workforce of approximately 47,000 employees. Leidos' core business model centers around providing technology solutions to customers in highly regulated industries, with a focus on digital modernization, cyber operations, mission software systems, integrated systems, and mission operations. The company's primary revenue streams are derived from U.S. government contracts, including the Department of Defense and other federal agencies, as well as commercial businesses. Leidos operates in a competitive landscape, often collaborating with other companies to compete for large contracts.

• Employees: 47,000 (approximately) as of December 29, 2023
• Geographic Footprint: Operations in 50 countries worldwide
• Headquarters: Reston, Virginia
• Founded: 1969
• Number of locations/facilities: 427
• Revenue: $15.438 billion (FY2023)
• Key Subsidiaries/Brands: Gibbs & Cox

• CEO: Thomas A. Bell
• CFO: Christopher R. Cage
• Chief Performance Officer: Carly E. Kimball
• Chief Growth Officer: Gerard A. Fasano
• Executive Vice President and General Counsel: Jerald S. Howe, Jr.

Thomas A. Bell joined Leidos as CEO in May 2023. Christopher R. Cage has served as CFO since July 2021.

• Annual Revenue: $15.438 billion (FY2023)
• Net Income: $199 million (attributable to Leidos common stockholders)
• Total Assets: $12.695 billion
• Employees: 47,000 (approximately) as of December 29, 2023
• Key Financial Highlights: Revenue increased by 7% compared to the previous year; Operating income was $621 million, a decrease of 43% compared to the previous year, primarily due to a net increase in impairment charges.

Leidos provides a broad range of products and services across multiple sectors:

• Defense Solutions: Digital modernization, mission systems and integration, C4ISR technologies, maritime solutions, transformative software, analytics, intelligence analysis, mission support, and weapons and space systems.
• Civil: Transportation solutions, security enterprise solutions, digital transformation, climate, energy and environment solutions.
• Health: Health information management services, managed health services, digital modernization, and life sciences research and development.

Leidos operates through three reportable segments:

• Defense Solutions: 56% of total revenues (FY2023)
• Civil: 24% of total revenues (FY2023)
• Health: 20% of total revenues (FY2023)

Leidos' current strategic priorities include achieving revenue growth, improving back-office infrastructure, and deploying cash resources effectively. The company focuses on leveraging its technical expertise and innovation to deliver solutions that meet customer needs. Key initiatives include internal collaboration, strategic investments in growth markets, and disciplined financial management.

Leidos operates primarily in the U.S. government contracting industry, facing competition from large defense contractors, diversified IT providers, and specialized technology firms. The company's market position is supported by strong relationships with key government agencies and a focus on delivering mission-critical solutions. Key market trends include increasing demand for digital modernization, cybersecurity, and advanced technology solutions.

• Government Contracts: Dependence on U.S. government contracts, which are subject to budget fluctuations, spending priorities, and delays in contract awards.
• Competition: Intense competition for contracts, which can impact the ability to obtain new business and affect future revenues and growth prospects.
• Economic Conditions: Deterioration of economic conditions or weakening in credit or capital markets may have a material adverse effect on the business.
• Compliance: Failure to comply with complex procurement rules and regulations could result in penalties, including termination of U.S. government contracts.
• Cybersecurity: Cybersecurity breaches and other information security incidents could negatively impact the business and financial results.