Leidos Profits Soar on Defense Spending Boom

Leidos Holdings boosts profit and revenue forecasts for 2026, driven by surging demand for IT and military intelligence services. Pentagons efforts to restock weapons and ongoing Russia-Ukraine war fuel this growth. Leidos first-quarter intel and digital sales increased by 7% to $1.51 billion, with a new $869 million Army contract for AI systems. Rival L3Harris is also expanding production on surveillance tech for classified programs. Leidos adjusted first-quarter profit of $3.13 per share surpassed last years $2.97, and full-year profit guidance is now $12.10 to $12.50 per share. The company also raised its 2026 revenue outlook to $18 billion to $18.4 billion. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b99af038e2692407