Post by : Bianca
Haleem
Leidos Holdings, a major U.S. defence contractor, has increased its full-year earnings outlook following robust demand for munitions and other defence services. The company’s stock climbed about 2.7% in pre-market trading after the update.
For the year, Leidos now projects diluted earnings of $11.45 to $11.75 per share, up from the prior range of $11.15 to $11.45. Its revenue forecast remains unchanged at $17 billion to $17.25 billion, reflecting steady performance across government and defence contracts.
Leidos delivered a solid third quarter, reporting adjusted earnings per share of $3.05, ahead of analysts’ expectations of $2.71. Quarterly revenue rose 6.7% to $4.47 billion, beating Wall Street forecasts of $4.28 billion.
Headquartered in Reston, Virginia, Leidos offers cybersecurity, government IT management services and advanced drone and aerial systems. Its results mirror a wider trend of rising defence budgets amid conflicts such as the Russia-Ukraine war and sustained tensions in the Middle East.
The upgraded guidance underscores that ongoing government spending on security and technology continues to support defence contractors, positioning firms like Leidos to meet increasing demand for both munitions and high-tech defence solutions.
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