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Quarterly results, M&A, leadership.
Quarterly revenue rose 7.8% year-over-year on strength in defense and intelligence. CEO Tom Bell highlighted record contract backlog of $42 billion.
The $215M divestiture of Dynetics Aviation Training trims a non-core business as Leidos sharpens focus on AI, cyber, and digital modernization.
In the annual Bloomberg Government BGOV200 ranking, Booz Allen moved to #2 by federal contract obligations; Leidos held #3.
An internal memo obtained by FedScoop shows engineering staff pushing back on a four-day-in-office requirement, citing 18-month-old hiring commitments to remote work.
A Bloomberg report citing internal Pentagon analysis suggests the prime's share of JADC2 sensor fusion is running 18% over budget, sending shares lower in early trading.
A teaming arrangement around large-model fine-tuning for classified workloads is reportedly in early discussions, though both companies declined to confirm.
In an investor-day presentation, the company's CFO laid out a three-year plan emphasizing AI-modernization wins and selective M&A in the health portfolio.
Industry veteran Jenna Park, formerly of Booz Allen, takes over the company's intelligence community business, reporting to Group President Roy Stevens.
Industry analysts warn that delays in FY27 appropriations could push Leidos, Booz Allen, and SAIC to revise revenue guidance, with award timing increasingly compressed.