# Leidos **Source:** https://geo.sig.ai/brands/leidos **Vertical:** Manufacturing **Subcategory:** Enterprise **Tier:** Leader **Website:** leidos.com **Last Updated:** 2026-04-14 ## Summary 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. ## Company Overview 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. 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. 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. ## Frequently Asked Questions ### What does Leidos do? Leidos is a Fortune 500 defense, aviation, information technology, and biomedical research company that provides scientific, engineering, systems integration, and technical services to government and select commercial customers. The company operates through four main divisions—Defense & Intelligence, Civil, Health, and Advanced Solutions—delivering mission-critical capabilities in areas such as cybersecurity, IT modernization, intelligence analysis, air traffic control, healthcare IT, and advanced defense technologies. ### Who are Leidos' primary customers? Leidos primarily serves U.S. federal government agencies including the Department of Defense, Department of Homeland Security, Intelligence Community (CIA, NSA, DIA, etc.), Department of Health and Human Services, NASA, Federal Aviation Administration, and other civilian agencies. The company also works with state and local governments, allied nations, and select commercial customers, maintaining operations in approximately 50 countries worldwide. ### When was Leidos founded? Leidos traces its origins to 1969 when Dr. J. Robert Beyster founded Science Applications Incorporated (SAI) in La Jolla, California. The company operated as Science Applications International Corporation (SAIC) for decades before splitting into two companies in September 2013, with the larger division becoming Leidos Holdings, Inc. The modern Leidos was further transformed by its 2016 merger with Lockheed Martin's IS&GS business. ### Where is Leidos headquartered? Leidos is headquartered in Reston, Virginia, a major hub for defense contractors in the Washington D.C. metropolitan area. The company operates facilities across all 50 U.S. states and in approximately 50 countries worldwide, with approximately 42,600 of its 48,000 employees located in the United States. ### How much revenue does Leidos generate? Leidos reported revenues of $16.7 billion for fiscal year 2024, representing an 8% increase year-over-year. The company achieved net income of $1.25 billion, free cash flow of $1.24 billion, and maintains a backlog of $43.6 billion, indicating strong future revenue potential. ### What makes Leidos different from its competitors? Leidos differentiates itself through its unique combination of deep technical expertise, mission understanding, and scale. The 2016 merger with Lockheed Martin IS&GS created the largest IT services provider in the defense industry, giving Leidos unmatched capabilities in IT modernization, cybersecurity, and systems integration. The company's culture of innovation, rooted in its founding philosophy of employee ownership and entrepreneurship, enables rapid development of cutting-edge solutions. Additionally, Leidos' diversification across defense, intelligence, civil, and health markets provides stability and cross-pollination of ideas across sectors. ### Who are Leidos' main competitors? Leidos competes with other major government contractors including Booz Allen Hamilton (approximately $10.7 billion in revenue), CACI International (around $7.2 billion in revenue), Jacobs, General Dynamics IT, Northrop Grumman, BAE Systems, ManTech, and SAIC (the company from which Leidos split in 2013). These companies frequently compete for the same large government contracts in areas such as IT services, cybersecurity, intelligence analysis, and systems integration. ### How can I contact Leidos for business opportunities or careers? For business inquiries, visit www.leidos.com or contact Leidos' business development teams through the company website. For career opportunities, visit careers.leidos.com to search for open positions across the company's four divisions and global locations. Investor relations inquiries can be directed to investors.leidos.com. The company's main headquarters phone number is available on their website. ### Is Leidos hiring? Yes, Leidos actively recruits talent across technical, engineering, intelligence, cybersecurity, program management, and business support roles. With 48,000 employees and a growing backlog of $43.6 billion, the company continues to expand its workforce to meet customer demands. Leidos offers competitive benefits including immediate 401(k) eligibility with 100% match up to 6%, comprehensive health insurance, professional development programs, and a collaborative, non-hierarchical culture. Visit careers.leidos.com for current openings. ### What's the latest news about Leidos? Recent major developments include Leidos' strong fiscal 2024 performance with $16.7 billion in revenue and record backlog of $43.6 billion; a $760 million NASA contract for astronaut health services supporting Artemis missions; a $350 million subcontract for Air Force electronic warfare solutions; three DISA awards to advance Department of Defense Network modernization; a $331 million contract to modernize the Army's Global Unified Network; formation of the Purple Sky joint venture for federal health agencies; and launch of the Imperium AI-powered platform for strategic information operations. ### What is Leidos' market position in the defense industry? Leidos is the largest IT services provider in the defense industry and ranks #266 on the 2024 Fortune 500 list. With a market capitalization of approximately $22 billion and revenues of $16.7 billion in fiscal 2024, the company holds a commanding position in government IT, cybersecurity, and systems integration. The company's $43.6 billion backlog represents approximately 2.6 years of revenue, demonstrating strong customer relationships and long-term contract positions across defense, intelligence, civil, and health markets. ### What are Leidos' future strategic plans? Leidos is executing its NorthStar 2030 strategy focused on portfolio optimization, operational excellence, and delivering mission outcomes that make the world safer, healthier, and more efficient. For fiscal 2025, the company projects revenues of $16.9 billion to $17.3 billion with adjusted EBITDA margin in the mid-to-high 12 percent range. Strategic priorities include expanding AI and machine learning capabilities, advancing hypersonics and space technologies through Dynetics, growing cybersecurity and zero-trust solutions, supporting IT modernization across government, and selectively pursuing strategic acquisitions that enhance technical capabilities and market access. ## Tags b2b, services, manufacturing, public, global, enterprise --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*