Leidos Awarded $276M Defense Department Contract To Research And Develop Critical Minerals And Materials For Use In Munitions
Portfolio Pulse from Benzinga Newsdesk
Leidos (NYSE:LDOS) has been awarded a $276 million contract by the Department of Defense to conduct R&D on critical minerals and materials for munitions, enhancing supply chain resiliency.
August 05, 2024 | 12:01 pm
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Leidos has secured a $276 million contract from the Department of Defense to conduct R&D on critical minerals and materials for munitions, which is expected to enhance the company's revenue and strengthen its position in the defense sector.
The $276 million contract is a significant addition to Leidos' revenue stream and reinforces its role in the defense sector. The focus on critical minerals and materials for munitions aligns with current defense priorities, likely boosting investor confidence.
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IMPORTANCE 90
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