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Fly News Breaks for December 18, 2019
LDOS, SAIC
Dec 18, 2019 | 12:58 EDT
SunTrust analyst Tobey Sommer said that GAO announced that the protest of SAIC's (SAIC) $728M Air Force Common Computing Environment contract by Leidos (LDOS) has been denied, saying that while Leidos could choose to appeal the decision, he views this as a positive event for SAIC. Sommer tells investors in a research note that the contract is a strong takeaway win for the company and represents all new work. The analyst has a Buy rating and $100 price target on SAIC shares.
News For SAIC;LDOS From the Last 2 Days
LDOS
Aug 3, 2021 | 06:12 EDT
Reports Q2 revenue $3.45B, consensus $3.38B. Reports Q2 net bookings of $3.8B with a book-to-bill ratio of 1.1. Reports backlog growth to $33.5B. Roger Krone, Leidos chairman and CEO, commented, "Our results in the second quarter reflect our leadership position in the government technology market. I am tremendously proud of the way Leidos has responded throughout the pandemic, as our employees and business partners continually delivered for our customers and shareholders. While we remain vigilant with the recent uptick in COVID-19 cases, Leidos is stronger than ever, with new quarterly record levels of revenue and backlog consistent with our industry-leading organic growth."