GCC News 24
Business
Politics
Tech
Society
Green
Sports
Entertainment
Translate image English Down Arrow
The MTA Speaks| Prayer times| Weather Update| Gold Price
Follow Us: Facebook Instagram YouTube twitter

Leidos Lifts Full-Year Earnings Outlook as Defense Demand Firms

Leidos Lifts Full-Year Earnings Outlook as Defense Demand Firms

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.

Nov. 4, 2025 5:24 p.m. 1087

More Trending News

Featured Stories

Bahrain Honors Contributors To School Sports Success
June 11, 2026 11:43 a.m.
Education Minister recognizes sponsors, partners and organizing teams for advancing school sports and expanding student participation
Read More
Bahrain Opens First Public Skating Facility For Youth
June 11, 2026 11:27 a.m.
Bahrain launches its first public skating venue, offering modern sports infrastructure and new opportunities for youth participation and talent growth
Read More
IAEA Urges Iran To Declare Enriched Uranium Stockpile
June 11, 2026 11:12 a.m.
IAEA board backs a resolution asking Iran to disclose enriched uranium reserves and permit inspections amid rising tensions with the US
Read More
Lebanon Death Toll Rises As Israeli Strikes Continue
June 11, 2026 10:57 a.m.
Lebanon reports 3,696 deaths and 11,413 injuries since March as Israeli attacks continue despite ceasefire announcements and extensions
Read More
US Stock Markets Fall As AI Sector Faces Sharp Volatility
June 11, 2026 10:49 a.m.
Wall Street indices declined as major AI-related stocks witnessed heavy fluctuations, raising concerns over market stability and investor sentiment
Read More
Gold Prices Slide Over 3% Amid Inflation Rate Concerns
June 11, 2026 10:36 a.m.
Gold prices dropped sharply as rising inflation concerns, higher oil prices and expectations of tighter U.S. monetary policy weighed on markets
Read More
Gulf Nations And Canada Strengthen Strategic Cooperation
June 11, 2026 10:09 a.m.
GCC foreign ministers and Canada discussed economic ties, regional security, innovation and diplomatic solutions during a high-level meeting in Bahrain
Read More
Armed Attack On Merchant Ship Near Yemen Repelled In Gulf Of Aden
June 10, 2026 6:13 p.m.
A merchant vessel in the Gulf of Aden came under attack by armed men but onboard security personnel successfully repelled the assault according to UK Maritime
Read More
Egypt Condemns Iranian Attacks on Bahrain Kuwait and Jordan
June 10, 2026 5:55 p.m.
Egypt condemned attacks attributed to Iran against Bahrain Kuwait and Jordan calling for de-escalation and reaffirming support for regional security
Read More
Sponsored
Trending News
Bahrain Honors Contributors To School Sports Success

Bahrain Honors Contributors To School Sports Success

Education Minister recognizes sponsors, partners and organizing teams for advancing school sports an
June 11, 2026 11:43 a.m. 117
Bahrain Opens First Public Skating Facility For Youth

Bahrain Opens First Public Skating Facility For Youth

Bahrain launches its first public skating venue, offering modern sports infrastructure and new oppor
June 11, 2026 11:27 a.m. 123
Achieve Radiant Skin at Home With This Simple Rice Flour Mixture

Achieve Radiant Skin at Home With This Simple Rice Flour Mixture

Say goodbye to costly facials! Discover how a rice flour concoction can rejuvenate your skin right f
May 30, 2026 2:06 p.m. 458
Meta Unveils Paid Subscription Plans for Key Platforms

Meta Unveils Paid Subscription Plans for Key Platforms

Meta introduces subscription services for Instagram, Facebook, and WhatsApp, offering users premium

May 28, 2026 12:23 p.m. 605
2026 Eid Al Adha Dates Expected in UAE According to Astronomical Predictions

2026 Eid Al Adha Dates Expected in UAE According to Astronomical Predictions

Astronomers anticipate Eid Al Adha in the UAE may start on May 27, 2026, prompting early holiday pla
May 7, 2026 12:30 p.m. 831
DAE's First Quarter Financial Surge Sets New Highs

DAE's First Quarter Financial Surge Sets New Highs

Dubai Aerospace Enterprise sees record first-quarter revenue and profit growth, alongside a major ac
April 29, 2026 2:22 p.m. 586
Sony's PS5 Price Increase Set for Southeast Asia on May 1

Sony's PS5 Price Increase Set for Southeast Asia on May 1

Starting May 1, 2026, Sony will raise PS5 prices across Southeast Asia. Discover what this means for
April 28, 2026 2:42 p.m. 608
Potential Super El Niño 2026: Understanding Climate Threats

Potential Super El Niño 2026: Understanding Climate Threats

Is a Super El Niño on the horizon for 2026? Explore its potential effects and global climate implica
April 27, 2026 12:30 p.m. 728