Leidos Receives $75 Million Contract Award

On October 29, Leidos (LDOS) announced that the company received a contract award valued up to $75 million. The Office of the Under Secretary of Defense for Personnel and Readiness awarded the contract. Leidos will provide services and support for the Defense Civilian Human Resource Management System. The contract has a one-year base period that could be extended to a total of five years.

 

Sonal issued an alert at 8:00 am. The next trade took place at 9:30 am for $79.40. Leidos moved higher throughout the event day, and the gains continued over the next four trading sessions. The stock closed at $92.52 on November 4 with a five-day gain of 16%.

 

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