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Leidos Holdings Inc (LDOS.N)

LDOS.N on New York Stock Exchange

58.58USD
25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Leidos awarded contract by SPAWAR Systems
Monday, 22 May 2017 06:45am EDT 

May 22 (Reuters) - Leidos Holdings Inc :Leidos awarded distributed common ground system - navy prime technical support contract.Leidos Holdings Inc - total contract value of approximately $43 million if option is exercised.Leidos Holdings - awarded contract by SPAWAR Systems Center Atlantic to provide technical expertise to sustain and update DCGS-N family of systems.  Full Article

Morgan Stanley reports 5.9 pct passive stake in Leidos Holdings
Thursday, 18 Aug 2016 04:05pm EDT 

Leidos Holdings Inc :Morgan Stanley reports 5.9 pct passive stake in Leidos Holdings Inc as of August 8, 2016 - SEC filing.  Full Article

Leidos Holdings announces closing of merger with Lockheed Martin's IS&GS business
Tuesday, 16 Aug 2016 01:00pm EDT 

Leidos Holdings Inc : Leidos announces closing of the merger with Lockheed Martin's IS&GS business and election of three new directors .Gregory R. Dahlberg, Surya N. Mohapatra, Susan M. Stalnecker named as 3 new directors to serve on Leidos board, which has 12 directors.  Full Article

Lockheed Martin announces preliminary results of offer for IT services units
Tuesday, 16 Aug 2016 11:15am EDT 

Lockheed Martin Corp : Lockheed Martin announces preliminary results of exchange offer for IT and Technical Services businesses .Expects exchange to result in a reduction of Lockheed Martin common stock outstanding by 9.4 million shares.  Full Article

Department of the Army awards Leidos Prime Contract
Friday, 12 Aug 2016 06:50am EDT 

Leidos Holdings Inc : Department of the Army awards Leidos Prime Contract .Total contract value of $99 million if options are exercised.  Full Article

Leidos shareholders re-elect nine directors at annual meeting
Monday, 8 Aug 2016 09:18am EDT 

Leidos Holdings Inc : Merger is expected to be completed on or about august 16, 2016 .Leidos shareholders overwhelmingly approve requirement necessary to complete lockheed martin transaction, re-elect nine directors at annual meeting.  Full Article

Leidos Holdings declares special cash dividend of $13.64/shr
Thursday, 4 Aug 2016 04:30pm EDT 

Leidos Holdings : Leidos holdings, inc. Declares special cash dividend of $13.64 per share in connection with is&gs transaction .Special dividend will be funded with cash on hand and borrowings under previously announced new term loan and revolving credit facility.  Full Article

Leidos Holdings Q2 non-GAAP EPS $0.68 from cont ops
Thursday, 28 Jul 2016 06:00am EDT 

Leidos Holdings Inc : Sees fy 2016 revenue $5.1 billion to $5.2 billion . Sees fy 2016 non-gaap earnings per share $2.85 to $3.05 from continuing operations . Fy2016 earnings per share view $2.92, revenue view $5.18 billion -- Thomson Reuters I/B/E/S . Leidos holdings, inc. Reports second quarter fiscal year 2016 results . Q2 non-gaap earnings per share $0.68 from continuing operations . Q2 earnings per share $0.55 from continuing operations . Q2 revenue $1.29 billion versus i/b/e/s view $1.29 billion . Q2 earnings per share view $0.73 -- Thomson Reuters I/B/E/S . Qtrly net bookings $1.0 billion .Says fiscal year 2016 guidance excludes impact of potential transaction with lockheed martin.  Full Article

Lockheed Martin initiates exchange offer for IT and Technical Services businesses
Monday, 11 Jul 2016 04:05pm EDT 

Lockheed Martin Corp : Lockheed martin initiates exchange offer for it and technical services businesses . Commencement of an exchange offer for separation of its information systems & global solutions (is&gs) business segment . Co's unit abacus innovations corporation will merge with a subsidiary of leidos and become a wholly-owned subsidiary of leidos . Exchange and merger are expected to be tax-free to participating lockheed martin stockholders for u.s. Federal income tax purposes . Stockholders with opportunity to exchange shares of co for abacus shares, which will convert into leidos shares on completion of merger . Offering to exchange all of nearly 77 million shares of common stock of abacus for shares of co validly tendered, not properly withdrawn . As part of transaction, lockheed martin will also receive a one-time special cash payment of $1.8 billion . Tendering co stockholders expected to receive about $111 in value of abacus common stock for every $100 of co's common stock . Will use special payment to repay debt, pay dividends and/or repurchase its stock . Immediately after completion of deals, about 50.5% of outstanding shares of leidos stock expected to be held by pre-merger abacus .Pre-Merger leidos stockholders expected to hold about 49.5% of outstanding shares of leidos common stock on a fully diluted basis.  Full Article

UK's CMA to look into Leidos Holdings, Lockheed Martin deal
Tuesday, 31 May 2016 10:13am EDT 

UK's CMA :UK's CMA considering whether deal between Leidos Holdings and Lockheed Martin would result in a substantial lessening of competition within any market.  Full Article