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Stock Market & Financial Investment News

News Breaks
July 1, 2014
10:35 EDTLDOSLeidos awards Smiths Detection multi-million dollar order
Smiths Detection announces a multi-million dollar order from Leidos, the prime contractor of the Transportation Security Administration Integrated Logistics Support contract, for supplies, parts and services to be provided at some 400 airports across the U.S. Under the four-year agreement with Leidos, Smiths Detection will provide fully trained field support plus supplies and parts for its X-ray, advanced X-ray and explosives trace detection technology. The order will help ensure airport checkpoint screening remains continuously operational.
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June 30, 2015
16:08 EDTLDOSLeidos awarded $10M prime task order by U.S. CECOM
Leidos was awarded a prime task order by the U.S. Army Communications Electronic Command, or CECOM, to provide operation and maintenance support to the Software Engineering Center, or SEC, for the Property Book Unit Supply Enhanced system. The single-award, cost-plus, fixed-fee task order has a one year base period of performance, two one year options and a total contract value of approximately $10M if all options are exercised. Work will be performed primarily in Fort Lee, Virginia.
June 23, 2015
05:53 EDTLDOSLeidos lost number two executive, says Wells Fargo
Wells Fargo believes Leidos lost its number two executive with Lou Von Thaer resigning to become CEO of privately held DynCorp International. Wells views the loss as unexpected and thinks the news "raises some question as to the stability of the management team" under fairly new CEO Roger Krone. The firm keeps a Market Perform rating on Leidos.
05:51 EDTLDOSLeidos announces resignation of Sector President Lewis Von Thaer
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