The Reston, Va.-based company said Feb. 18 its operating income for the full year reached $912M and operating cash flow was $992M compared to the $749M and $768M figures repectively reported in FY 2018.
Leidos' defense solutions segment recorded $5.8B in revenue, up 8.1 percent from the previous year, and the increase was attributed to new contract awards and an increase in the volume of programs. The company noted a potential 15-year, $1B flight services contract from the Federal Aviation Administration in December as one of its notable recent awards.
"Our growth and execution momentum accelerated throughout 2019 and has continued into 2020 with significant new program wins and the opportunity to create value from our two recently announced acquisitions," said Roger Krone, chairman and CEO of Leidos and a 2020 Wash100 winner.
For FY 2020, the company projects revenue in the $12.6B-$13B range.
About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com