Leidos CEO John Jumper retiring Leidos CEO John Jumper will retire as CEO, beginning a planned leadership transition over the next several months. The company's board of directors has launched a process to select a successor. The comprehensive search will evaluate both internal and external candidates. Jumper will continue as CEO until a successor is appointed. He will remain the chairman of the board following the transition.
Leidos awarded $37M contract by U.S. Army Leidos was awarded a prime contract by U.S. Army Space and Missile Defense Command/Army Forces Strategic Command and support of the U.S. Army Aviation and Missile Research Development and Engineering Center effort. The single-award firm-fixed-price, level-of-effort has a one-year based period of performance and a total contract value of approximately $37M.
Leidos price target raised to $54 from $50 at Cowen Cowen raised its price target on Leidos to $54 from $50 citing the company's robust free cash flow, dividend yield, business strategy, and valuation. Cowen reiterated its Outperform rating on Leidos shares.