Leidos
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| Leidos | |
|---|---|
| Name | Leidos |
| Type | Public |
| Industry | Aerospace, Defense industry, Information technology |
| Founded | 1969 (as Science Applications International Corporation) |
| Headquarters | Reston, Virginia, United States |
| Key people | Roger Krone (Chairman and CEO) |
| Revenue | (See Financial performance) |
Leidos is an American company that provides aerospace and defense industry technologies, information technology services, and integrated solutions for national security, civil, and health markets. The company works with agencies such as the Department of Defense (United States), the National Aeronautics and Space Administration, and the Department of Homeland Security (United States), and with commercial customers including multinational Boeing, Airbus, and Royal Caribbean. Leidos traces roots to technologies and contracts linked to Cold War-era research institutions, major defense primes, and Silicon Valley systems integrators.
History
Leidos originated from a lineage of engineering firms and spin-offs tied to projects like the Apollo program, the Ballistic Missile Early Warning System, and early SIGINT programs. In the 1970s and 1980s the company engaged with contractors such as Lockheed Martin, Northrop Grumman, General Dynamics, and Raytheon on classified and civil programs. During the 1990s and 2000s the firm expanded through mergers and acquisitions involving companies with contracts from the Central Intelligence Agency, the National Security Agency, and the Federal Aviation Administration, aligning with privatization trends that included firms like Serco Group and CACI International. In the 2010s Leidos executed a major corporate transformation, separating legacy businesses and acquiring entities from corporations such as SAIC (science applications) and integrating units that had serviced Veterans Health Administration, Centers for Disease Control and Prevention, and National Institutes of Health customers.
Corporate structure and governance
Leidos is organized as a publicly traded corporation listed on the New York Stock Exchange and governed by a board of directors that includes executives and former officials from U.S. Department of Defense, U.S. Department of Homeland Security, and multinational firms like IBM and DXC Technology. Executive leadership has included figures who previously served at Booz Allen Hamilton, McKinsey & Company, and Accenture. Corporate governance follows reporting requirements from the Securities and Exchange Commission and interacts with institutional investors such as BlackRock, The Vanguard Group, and State Street Corporation. The company maintains compliance programs tied to statutes including the Foreign Corrupt Practices Act and procurement rules under the Federal Acquisition Regulation.
Business segments and products
Leidos operates across segments serving defense, civilian agency, and commercial sectors with offerings spanning systems integration, cybersecurity, sensor systems, and biomedical informatics. Products and services include intelligence analysis platforms used alongside systems from Palantir Technologies, satellite ground systems compatible with Iridium Communications and Lockheed Martin spacecraft, and air-traffic management solutions interoperable with FAA NextGen modernization efforts. The company develops biosurveillance tools that integrate with Centers for Disease Control and Prevention data streams, health IT platforms akin to electronic health record systems used by Department of Veterans Affairs, and logistics software parallel to suites from Oracle Corporation and SAP SE.
Major contracts and projects
Major programs have involved contracts to support the Defense Information Systems Agency, sustainment for platforms like the F-35 Lightning II and the RAF Typhoon through subcontract relationships with Pratt & Whitney and Rolls-Royce Holdings, and mission systems for intelligence customers aligned with National Reconnaissance Office requirements. Leidos has held task orders for pandemic response with the Department of Health and Human Services, supported United States Postal Service modernization pilots, and delivered maritime domain awareness systems used by the U.S. Coast Guard and allied navies such as the Royal Australian Navy. The firm has participated in multinational programs including NATO interoperability efforts and coalition exercises with partners like BAE Systems and Thales Group.
Financial performance and acquisitions
Financial performance has been driven by defense procurement cycles, civil spending spikes during public-health emergencies, and strategic acquisitions. The company has pursued bolt-on purchases from firms in sectors represented by CACI International, ManTech International, and mid-sized systems integrators that previously provided services to NASA and the U.S. Army. Revenue and profitability track indices such as the S&P 500 and are scrutinized by analysts at Goldman Sachs, Morgan Stanley, and J.P. Morgan Chase. Capital markets activity has included bond issuances, credit facilities with banks like JPMorgan Chase, and shareholder actions influenced by investors including BlackRock and T. Rowe Price.
Controversies and legal issues
The company has faced legal and contractual disputes involving procurement audits, whistleblower allegations, and compliance reviews tied to programs with the Department of Defense, the Department of Veterans Affairs, and health agencies. Litigation and investigations have implicated labor and subcontracting practices similar to disputes seen at Booz Allen Hamilton and IBM, and regulatory scrutiny has come from the Department of Justice and the U.S. Court of Federal Claims. Allegations around cybersecurity incidents and export-control compliance have prompted interactions with agencies such as the Bureau of Industry and Security and the Federal Trade Commission.