Leidos Commemorates New Company's Launch As A National Security, Health And
Engineering Solutions Leader
New York Stock Exchange Opening Bell® Ringing Marks First Day of Trading;
Successful Spin-off Transaction Completes Separation of Leidos and SAIC
NEW YORK, Sept. 30, 2013
NEW YORK, Sept. 30, 2013 /PRNewswire/ --Leidos Holdings, Inc. (Leidos) [NYSE:
LDOS], a science and technology solutions leader working to address challenges
facing national security, health, and engineering, today celebrates its launch
as a new company.
John Jumper, Chairman and CEO, Stu Shea, President and COO, and other members
of the executive leadership team, will ring The Opening Bell^® at the New York
Stock Exchange (NYSE), marking the first day of trading for Leidos shares
under the ticker symbol LDOS, following the successful spin-off transaction.
Headquartered in Reston VA, Leidos has scale and leadership in three large
addressable markets: national security, which represents about 70 percent of
the company's annualized $6 billion in revenues, and health and engineering,
which together represent about 30 percent. The Leidos name, clipped from
'ka-leidos-cope,' evokes the new company's ability to approach problems from
multiple angles to deliver innovative solutions.
"Today we launch Leidos, building on a proud 44-year legacy," said John
Jumper. "Leidos is strongly positioned to address evolving customer challenges
and enable better performance. This is an exciting day for our people, who
apply their talents and passion every day to support the vital missions of
government and commercial customers and protect our nation's physical and
Stu Shea said, "Leidos is a unique company defined by core competencies in big
data analytics, cyber security and engineering, all underpinned by a robust
science and technology foundation. Our national security, health and
engineering markets increasingly demand integrated, information-based
capabilities that make things smart, efficient, sustainable and secure. We are
excited about the opportunities for leveraging the full breadth of our
innovative potential to deliver industry-specific solutions."
Today's launch is also being celebrated by 23,000 Leidos employees world-wide.
Leidos is a top employer in the Washington D.C. area, serving all branches of
the U.S. military, agencies of the U.S. Department of Defense (DoD), the
intelligence community, the U.S. Department of Homeland Security (DHS), and
other U.S. Government civil agencies. Major national security hubs include
Dayton, Ohio, where Leidos is expanding to support the growth of aeronautics,
human performance, and manned and unmanned aircraft systems. Healthcare hubs
include the Baltimore area, home to the Leidos-operated Federally Funded
Research and Development Center for the National Cancer Institute, Leidos
Biomedical Research, in Frederick, Md. The company's engineering division has
a significant presence in Oklahoma City and Tulsa, Okla., New Orleans, La.,
Denver, Colo., Detroit, Mich., and St. Louis, Mo. among others. Other major
U.S. locations for Leidos include Boston, Mass.; Indianapolis, Ind.; Orlando,
Fla.; and San Diego, Calif.
Leidos is a science and technology solutions leader working to address some of
the world's toughest challenges in national security, health, and engineering.
The Company's 23,000 employees support vital missions for our government and
the commercial sector, develop innovative solutions to drive better outcomes,
and defend our Nation's digital and physical infrastructure from 'new world'
threats. Leidos is headquartered in Reston, Va. and had approximately $6
billion in revenues for fiscal year 2013, on a pro forma basis, following the
spin-off of the company's technical, engineering and enterprise IT business on
Sept. 27, 2013. For more information, visit www.Leidos.com.
Statements in this announcement, other than historical data and information,
constitute forward-looking statements that involve risks and uncertainties. A
number of factors could cause our actual results, performance, achievements,
or industry results to be very different from the results, performance, or
achievements expressed or implied by such forward-looking statements. Some of
these factors include, but are not limited to, the risk factors set forth in
Leidos' Annual Report on Form 10-K for the period ended January 31, 2013, and
other such filings that Leidos makes with the SEC from time to time. Due to
such uncertainties and risks, readers are cautioned not to place undue
reliance on such forward-looking statements, which speak only as of the date
SOURCE Leidos Holdings, Inc.
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