Leidos Secures $191M Army Mission Software Modernization Contract
Portfolio Pulse from Benzinga Newsdesk
Leidos (NYSE:LDOS) has been awarded a $191 million contract by the Army Contracting Command – Aberdeen Proving Ground to provide integrated lifecycle software and management solutions for the U.S. Army Communications Electronics Command.
August 13, 2024 | 12:11 pm
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Leidos has secured a $191 million contract with the U.S. Army for integrated lifecycle software and management solutions, which is likely to positively impact its revenue and stock price in the short term.
The $191 million contract is a significant addition to Leidos' revenue stream and demonstrates the company's strong position in the defense sector. This contract is likely to enhance investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100