NEW YORK, NY, Oct. 1, 2013 -- Leidos Holdings, Inc. (Leidos) [NYSE: LDOS], a science and technology solutions company working to address challenges facing national security, health and engineering, announced its launch as a new company on Monday, Sept. 30. Leidos was launched after SAIC successfully completed its separation into two independent, publicly traded companies.
Headquartered in Reston Va., Leidos specializes 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.
John Jumper, Chairman and CEO, Stu Shea, President and COO, and other members of the executive leadership team, rung the Opening Bell® at the New York Stock Exchange (NYSE) on Monday, marking the first day of trading for Leidos shares under the ticker symbol LDOS, following the successful spin-off transaction.
Monday's launch was also celebrated by 23,000 Leidos employees worldwide. Leidos is an 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.
About Leidos
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.
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