What Happened
Defense Company Wins Intelligence Systems Upgrade Deal
Leidos Holdings has secured a $64.8 million contract from the Office of Naval Intelligence to upgrade the U.S. Navy’s intelligence systems. The contract, which has a one-year base period with the option to extend for up to four years, will help improve operational capabilities and bolster information-sharing security. Leidos has also been selected to support the Golden Dome initiative with infrared sensing payloads. Despite this recent contract win, the company’s stock has declined 35% in 2026, underperforming the broader benchmark S&P index. This development was reported by an unknown source.