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Reuters
Tue, May 5, 2026 astatine 5:50 AM CDT 1 min read
May 5 (Reuters) - Defense contractor Leidos Holdings raised its nett and gross forecast for 2026 connected Tuesday, betting connected beardown request for its IT and subject quality services.
Efforts by the Pentagon to replenish weapons stockpile, strained by operations linked to Iran and the long-drawn Russia-Ukraine conflict, person boosted request for subject instrumentality and services.
Sales successful Leidos' quality and digital business, which provides subject software, arsenic good arsenic quality investigation and global logistics services, roseate 7% to $1.51 billion.
Last week, the institution bagged a $869 cardinal service declaration to build AI-enabled systems to heighten military decision-making by turning large volumes of information into actionable insights.
Defense supplier L3Harris besides said past week accumulation successful its intelligence, surveillance and reconnaissance systems concern for classified and planetary craft programs has increased.
Reston, Virginia-based Leidos posted an adjusted nett of $3.13 per stock for the first quarter, up from $2.97 a twelvemonth earlier.
It expects full-year adjusted nett to beryllium between $12.10 and $12.50 per share, compared with $12.05 to $12.45 forecast previously.
The institution besides raised its 2026 gross forecast to $18 billion to $18.4 billion, from its earlier scope of $17.5 cardinal to $17.9 billion.
(Reporting by Aishwarya Jain successful Bengaluru; Editing by Shilpi Majumdar)
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