About the Company
Previously known as the Science Applications International Corporation or SAIC, Leidos Holding Inc. was founded by Dr J. Robert Beyster in 1969 as an American defence company. Beyster was the Accelerator Physics Department of General Atomics’ chairman in 1957. He started the company in San Diego, California by selling shares of General Atomics that he owned along with investments from previous employees. It is headquartered at Reston, Virginia. It works closely with Homeland security, NSA, the U.S. Department of Defence, Department of Health and Human Services, Federal Aviation Administration and other civil agencies.
Leidos, Inc. and Leidos Innovations Corporation are its principal operating and subsidiary companies. This company’s subsidiaries extend vital services and valued solutions concerning technology, science, engineering, and system integration. This Fortune 500 Company has over 38,000 employees and has been active in advanced science and technologies. Its international clients include foreign government and ancillary agencies based in Australia, Middle-East, and the United Kingdom.
The Leidos Holdings shares were first traded on the NYSE on 13th October, 2006 under the ticker symbol of LDOS.
In total, this company has made two acquisitions. Leidos Holdings made its first acquisition on 17th December 2019, acquiring Dynetics for $1.7 billion. Subsequently, on 10th December, 2020, it acquired the 1901 Group for $215 million. It has also landed a contract of $1.76 billion for modernising the National Airspace System. It merged with the IT department of Lockheed Martin for Information Systems & Global Solutions business in 2016. This merger created the largest IT service provider in the Defence Industry.
Over the years, Leidos Holdings has achieved multiple milestones. For instance, in 1976, it secured its first noteworthy global contract from the Kuwait Military Forces. In 1987, this company received public recognition when it helped engineer Stars and Stripes, the most hydrodynamic yacht of America's Cup. In 2017, this company made it to The Human Rights Campaign’s list of the Best Places to Work. In 2018, LDOS was recognized as one of the World’s Most Ethical Companies by the Ethisphere Institute.;
|Organisation||Leidos Holdings Inc|
|Industry||Information Technology Services|