Leidos logo

Leidos(LDOS)

Leader

Reston VA defense intelligence and government IT (NYSE: LDOS) $16.7B FY2024 revenue (+8%); NSA/DoD classified IT, VA EHRM $10B+ EHR modernization, Smiths Detection, competing with SAIC and Booz Allen.

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AI Visibility Score (Beta)
Manufacturing & IndustryEnterpriseLDOSWebsiteUpdated October 2026

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Company Overview

About Leidos

Leidos Holdings, Inc. is a Reston, Virginia-based defense, intelligence, and civil government IT services company — publicly traded on the New York Stock Exchange (NYSE: LDOS) as an S&P 500 Industrials component — providing national security solutions (IT services for US intelligence community, Department of Defense analytics, cybersecurity), health and civil government services (VA electronic health records, HHS IT systems, FAA air traffic control modernization), and commercial services through approximately 47,000 employees. In fiscal year 2024, Leidos reported revenues of $16.7 billion (+8% year-over-year), with the National Security & Digital segment generating the majority of revenue from classified intelligence community IT programs and Department of Defense cybersecurity and analytics contracts, while Health & Civil generated revenue from the Leidos Digital Modernization contract for the Department of Veterans Affairs electronic health records (replacing VistA legacy EHR with Oracle Cerner's Millennium platform) — a 10-year, $10+ billion program that was simultaneously Leidos's largest contract and largest program execution challenge. CEO Tom Bell (joined 2023, previously from Rolls-Royce North America) has focused Leidos on transitioning from IT services to technology-enabled solutions: augmenting traditional government IT labor with proprietary software products (Leidos AI/ML platforms, cloud migration tools, cybersecurity automation) that generate higher margins than staff augmentation. The $1.65 billion acquisition of the security detection and automation business of Smiths Group (X-ray security screening equipment — baggage scanners for TSA checkpoints) in 2021 expanded Leidos into physical security hardware and detection systems for government and commercial airports.

Business Model & Competitive Advantage

Leidos' government IT and defense technology model creates competitive advantages through the security-cleared workforce and program management expertise that classified government contracts require: a DoD cybersecurity program protecting Top Secret/SCI systems requires Leidos to staff personnel with TS/SCI clearances earned through multi-year background investigation processes — creating a workforce that competitors cannot quickly replicate from the commercial labor market. Leidos holds multi-decade relationships with intelligence community agencies (NSA, CIA, NRO as long-term customers) where institutional knowledge of classified systems architectures, mission requirements, and operational constraints creates value that new vendor transitions risk losing. The VA electronic health records program (EHRM — Electronic Health Record Modernization) — despite significant implementation delays, cost overruns, and Congressional oversight scrutiny through 2022-2023 — represents the largest federal health IT modernization initiative in history, with Leidos managing the Oracle Cerner Millennium deployment across 171 VA medical centers that will serve 9 million veteran patients.

Competitive Landscape 2025–2026

In 2025, Leidos competes in defense IT services, intelligence community technology, and government health IT against SAIC (NYSE: SAIC, $7.8B revenue, DoD IT services), Booz Allen Hamilton (NYSE: BAH, $11.9B revenue, defense analytics and consulting), and ManTech International (private, acquired by Carlyle Group, DoD IT services) for federal IT services task orders, classified intelligence community program contracts, and civilian agency IT modernization contracts. The IDIQ (Indefinite Delivery/Indefinite Quantity) contract vehicle landscape (SEAPORT-NxG, OASIS+, Alliant 3, CIO-SP4) provides multi-year order flow from established contract vehicles that Leidos leverages for new task order competition. The defense IT market consolidation (SAIC-PAE, ManTech-Carlyle, Leidos-Dynetics) creates larger prime contractors with broader contract vehicle coverage — though the DoD's preference for multiple award contracts creates competition at the task order level. The 2025 strategy focuses on VA EHRM program stabilization and expanded rollout (completing Oracle Cerner deployments to remaining VA sites), intelligence community cybersecurity and AI analytics contract capture, and Smiths Detection security equipment sales to international airports and government screening programs.

Founded
1969
Headquarters
La Jolla, San Diego, California
Revenue
$16.7B
Curated content • Fact-checked and verified

The Leidos Story

Founded in 1969
La Jolla, San Diego, California
Founded by Dr. J. Robert Beyster

Founders

Dr. J. Robert Beyster

Recent Activity

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8-K
8-K — 8-K

Material Event filed 2026-10-01

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Where should your cloud workloads really live? mcgowanm2 Mon, 09/21/2026 - 10:00 Part 1 of 3: Repatriation and redistribution Why it matters Cloud migration has outgrown the standard seven Rs framework The existing framework doesn't address today's multicloud sprawl, repatriation costs, or federal reauthorization timelines Cloud portfolios need ongoing reassessment as costs, requirements and mission needs change Part 1 of the How Cloud Migration Outgrew the Seven Rs series, examining how today's hybrid, multicloud and mission-driven environments require additional migration strategies that complement the original framework. Why the seven Rs of cloud migration need to evolve Cloud migration conversations often begin with the familiar language of the “Rs”: rehost, replatform, repurchase, refactor/rearchitect, relocate, retain, and retire. Gartner introduced the framework in the early 2010s , which included a five-strategy model for application migration (rehost, revise, refactor/rearchit

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Remembering September 11: A message from our CEO

Remembering September 11: A message from our CEO mcgowanm2 Tue, 09/08/2026 - 12:00 Overview size 1 column A reflection from Leidos CEO Tom Bell, 25 years after September 11 2001. Hide on unfiltered landing page Off Overview alignment Left External Link https://www.leidos.com/content/remembering-september-11-25-years-later

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5 cyber shifts leaders can't afford to ignore

5 cyber shifts leaders can't afford to ignore mcgowanm2 Mon, 08/24/2026 - 08:00 The advantage belongs to organizations built to adapt The future of cyber depends on combining machine speed with human judgment to act confidently as threats and missions evolve. Cybersecurity has always been a race. AI just raised the speed limit.   AI is accelerating both offensive and defensive cyber operations. Vulnerabilities can be discovered faster. Decisions need to be made faster. Analysis that once took hours can increasingly happen in seconds.  But faster doesn’t automatically mean better.  The growing volume of findings, alerts and recommendations can overwhelm teams that lack the context to determine what matters and the confidence to act. At the same time, networks, software and operational platforms are becoming more connected to the physical systems and capabilities that support the mission.  Cyber is no longer something that sits alongside the mission. It is increasingl

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Quarterly Report filed 2026-08-04

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Building cyber resilience for tactical systems

Building cyber resilience for tactical systems mcgowanm2 Mon, 08/03/2026 - 09:30 U.S. Army photo by Staff Sgt. Brandon Rickert. The appearance of U.S. Department of War (DoW) visual information does not imply or constitute DoW endorsement. Why it matters The next cyber attack won't wait Early threat detection protects mission effectiveness Cyber resilience is becoming a battlefield necessity As modern military operations become increasingly more connected, today’s warfighters rely on integrated platforms and communications that allow them to operate seamlessly in highly contested environments. But with more interconnected systems comes a higher risk of adversaries disrupting and attacking critical missions.   “Everything on the modern battlefield is connected, which means everything can become a target,” said Matt Peaslee, Leidos Vulnerability Identification and System Exploitation (VISE) Penetration Testing tea

Company Timeline

Major milestones in Leidos's journey

13
Total Events
4
Acquisitions

Leadership Team

Meet the leaders behind Leidos

Tom Bell

Chief Executive Officer

Tom Bell serves as CEO of Leidos, leading the company's strategic direction and operational execution. He brings extensive experience in defense and intelligence markets, guiding Leidos through significant growth and transformation initiatives.

Chris Cage

Chief Financial Officer

Chris Cage oversees Leidos' financial strategy and operations, managing the company's fiscal performance and capital allocation. Under his leadership, Leidos achieved $16.7 billion in revenue and $1.24 billion in free cash flow in fiscal 2024.

Jim Carlini

Chief Technology Officer

Jim Carlini drives Leidos' technological innovation and strategy, ensuring the company remains at the forefront of emerging technologies including artificial intelligence, machine learning, and advanced cybersecurity capabilities.

Gerry Fasano

Chief Growth Officer

Gerry Fasano leads Leidos' growth strategy by fusing strategy, marketing, sales, government affairs, and communications. He is responsible for identifying new market opportunities and expanding the company's customer base across defense, intelligence, civil, and health sectors.

Maureen Waterston

Chief Human Resources Officer

Maureen Waterston oversees Leidos' human resources strategy and operations, managing talent acquisition, development, and retention for the company's global workforce of 48,000 employees. She champions diversity, inclusion, and employee engagement initiatives.

Steve Hull

President, Digital Modernization Sector

Steve Hull leads the Digital Modernization Sector, delivering cloud services, enterprise IT solutions, and data center modernization to government customers. His sector plays a critical role in Leidos' IT transformation initiatives.

Cindy Gruensfelder

President, Defense Systems Sector

Cindy Gruensfelder leads the Defense Systems Sector, overseeing advanced defense solutions, systems integration, and mission support services for the Department of Defense and allied nations.

Steve Cook

President, Leidos Dynetics

Steve Cook continues to lead Leidos Dynetics, the subsidiary acquired in 2018 for $1.65 billion. Dynetics specializes in hypersonics, space systems, directed energy, and advanced defense technologies, contributing cutting-edge capabilities to Leidos' portfolio.

Key Differentiators

Market Leader

Leidos is recognized as a market leader in the Manufacturing sector, demonstrating strong industry presence and customer trust.

Enterprise Scale

With $16.7B in revenue, Leidos operates at enterprise scale with proven market validation.

Frequently Asked Questions

Estimated Visibility Trend (Beta)

Simulated 8-week rolling score

79
↑ Trending

Based on estimated brand signals. Historical tracking coming soon.

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