Company Overview and News
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Recent selloff offers medium-term investors an opportunity to acquire shares at a ~25% discount to EOY 2018 PT of $80/share. (3-0)
Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning. (945-5)
Leidos (NYSE: LDOS), a FORTUNE 500® science, information technology, and engineering leader, was awarded a prime contract by the General Services Administration (GSA), Office of Chief Information Officer for the Office of Public Buildings Information Technology Services (ITS) to provide information technology (IT), operation, and maintenance services with the potential to modernize and enhance legacy systems to improve organizational performance.
Leidos Holdings, Inc. (NYSE:LDOS) has 389 institutional investors and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 112,550,403 shares. Largest shareholders include Vanguard Group Inc, BlackRock Inc., FMR LLC / Fidelity, Boston Partners, State Street Corp, FIL Ltd, Goldman Sachs Group Inc, Wells Fargo & Company/mn, Principal Financial Group Inc, and Massachusetts Financial Services Co /ma/. (126-0)
Lockheed Martin Corporation (LMT - Free Report) is set to release fourth-quarter and 2017 results on Jan 29, before the opening bell. Order procurement continues to be a primary growth driver for this defense major’s fourth-quarter results. The company is expected to overcome the weakness in operating profits in the quarter to be reported. Let's take a detailed look at the factors influencing Lockheed Martin’s quarterly results. (8-0)
Leidos (NYSE: LDOS), a FORTUNE 500® information technology, engineering, and science company, was awarded a prime contract by the Air Force Research Laboratory (AFRL) to provide sensor technology under the Electro-Optical Combined Hyperspectral Imaging, Infrared Search and Track, and Long Range Imaging (EO-CHIL) Program. The single-award Indefinite Delivery/Indefinite Quantity (IDIQ) contract has an 87-month period of performance and a total contract ceiling of $47 million.
Northrop Grumman Corp.’s (NOC - Free Report) Northrop Grumman Systems Corp. unit recently secured a modification contract worth $255.3 million for low-rate initial production (LRIP) of three MQ-4C Triton unmanned aircraft from the 3rd Lot. Per the terms of the deal, the company will manufacture trade studies and tooling to support the Persistent Maritime Unmanned Aircraft Systems Program Office. Details of the Deal The contract was awarded by the Naval Air Systems Command, Patuxent River, Maryland. (5-0)
With the United States accusing Pakistan of playing a "double game" with respect to fighting terrorism, the U.S. Aerospace & Defense space has seen a thrilling start to 2018. Per Reuters, U.S. Ambassador Nikki Haley’s statement to withhold aid worth $255 million to Pakistan clearly shows that the White House might be looking to build pressure on the country. (64-1)
Leidos (NYSE: LDOS), a FORTUNE 500® science, information technology, and engineering company, was awarded a prime contract by the Naval Surface Warfare Center Carderock Division (NSWCCD) to support the Southeast Alaska Measurement Facility (SEAFAC) signature silencing program. The single-award, cost-plus fixed-fee, indefinite-delivery/indefinite-quantity contract has a five year period of performance and a total contract value of approximately $42 million.
Raytheon Co. (RTN - Free Report) recently secured a $25.8-million modification contract for developing six Submarine High Data Rate (SubHDR) antenna systems. Details of the Deal The contract was awarded by the Space and Naval Warfare Systems Command, San Diego, CA. Majority of the work will be carried out in Largo, FL; Marlborough, MA and the rest will be executed in different locations across the United States. (20-0)
Lockheed Martin Corp. (LMT - Free Report) recently secured a $945-million modification contract for exercising production option of fiscal 2018 Patriot Advanced Capability-3 (PAC-3) missiles. The deal includes delivery of 54 U.S. Missile Segment Enhancement (MSE) missiles, 24 Qatar MSE missiles, 130 Kingdom of Saudi Arabia Cost Reduction Initiative (CRI) missiles and other associated ground support equipment. (62-0)
Chicago, IL – December 27, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Fortinet, Inc. (FTNT - Free Report) , Varonis Systems, Inc. (VRNS - Free Report) , Booz Allen Hamilton Holding Corporation (BAH - Free Report) and Leidos Holdings, Inc. (43-0)
General Dynamics Corporation’s (GD - Free Report) Land Systems business unit recently clinched a contract to upgrade 786 M1A1 configured Abrams vehicles for the newly configured M1A2 System Enhancement Package Version 3. The deal also entitles the company to upgrade M1A1 vehicles to M1A12S and M1A2-K vehicles. Work related to the agreement is scheduled to be over by Dec 21, 2020. The $2.63-billion contract was awarded by the U. (16-0)
Lockheed Martin Corp.’s (LMT - Free Report) Rotary and Mission Systems (RMS) segment recently secured a contract for providing U.S. and U.K. Trident II (D5) Strategic Weapon System Shipboard Integration Increment 8 as well as Columbia and Dreadnought efforts for the navigation subsystem. Work related to the deal is scheduled to be completed by Dec 31, 2020. Details of the Deal Valued at $154.4 million, the contract was awarded by the Strategic Systems Program, Washington, DC. (27-0)
A series of cyber attacks kept cybersecurity stocks rallying throughout the year. Earlier this year, two back-to-back ransomware attacks were reported — WannaCry or WannaCrypt in May and Petya in June — followed by the massive data breach at Equifax (EFX) in September. In addition to these, the data theft and ransom paid by Uber disclosed in November further fueled the bullish momentum of the stocks in this space. (27-0)