Fly News Breaks for February 19, 2020
Feb 19, 2020 | 08:58 EDT
SunTrust analyst Tobey Sommer raised his price target on Leidos (LDOS) to $135 and kept his Buy rating after its "strong" Q4 results and FY20 guidance upside. The analyst also expects the company's recently secured N-GEN contract and acquisitions of Dynetics and L3Harris's (LHX) Security and Automation business to drive its margin expansion in the coming years, adding that its FY20 margin outlook is likely "conservative".
News For LDOS;LHX From the Last 2 Days
Jul 7, 2020 | 07:34 EDT
Leidos announced it has been awarded a new task order by the U.S. Army Contracting Command - Aberdeen Proving Ground to provide Intelligence, Electronic Warfare and Sensors system and software support to the U.S. Army's Communications-Electronics Command Software Engineering Center, Sensors and Mission Equipment Division. The single-award, indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee task order has a one-year base period of performance, followed by four one-year options, and a total approximate value of $210M if all options are exercised. Work will be performed primarily at Aberdeen Proving Ground, Md.