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Latest Federal & Government Contracting Companies' News Coverage

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Latest Federal & Government Contracting Companies' News Coverage

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Leidos has reported financial results for the first quarter of fiscal year 2020, noting revenues for the quarter were $2.89B, operating income for the quarter was $192M and operating income margin decreased to 6.6 percent from 7.5 percent in the prior year quarter, due to COVID-19, the company announced on Tuesday

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Leidos has entered a definitive agreement to acquire L3Harris Technologies' security detection and automation businesses for $1B in cash to add complementary technology and products as well as create a comprehensive security and detection portfolio, Leidos said on Tuesday. The Boards of Directors of both companies unanimously approved the transaction.

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