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However, Leidos is the legal successor of the original SAIC and retains SAIC's pre-2013 stock price and corporate filing history. [25] Before the split, Leidos employed 39,600 employees and reported $11.17 billion in revenue and $525 million net income for its fiscal year ended January 31, 2013, [6] making it number 240 [26] on the Fortune 500 ...
On May 7, 2021, Leidos completed acquisition of Gibbs & Cox for $380 million. Gibbs & Cox operates as a wholly-owned subsidiary and is combined with Leidos’ maritime systems division. Gibbs & Cox operates as a wholly-owned subsidiary and is combined with Leidos’ maritime systems division.
Following the split, Anthony J. Moraco was appointed CEO of SAIC, and John P. Jumper was appointed CEO of Leidos. [9] The primary motivation for the spinoff was the conflicts of interest provisions in the Federal Acquisition Regulation which prevented the company from bidding on some new contracts because of existing contracts. [10] [7]
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Leidos (LDOS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The acquisition was completed on February 2, 2015. [19] On July 29, 2015, Leidos Partnership for Defense Health, which includes Cerner, Accenture, and Leidos, was awarded a 10-year, $4.3 billion contract to overhaul and manage the electronic health records for the Department of Defense. [20] CEO and co-founder Neal Patterson died July 9, 2017. [21]
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Powered by new defense contract wins, Leidos just delivered a strong beat-and-raise quarter. Skip to main content. Subscriptions; Animals. Business. Entertainment. Fitness. Food ...