Leidos Holdings, Inc. reported a record annual net income of $1.45 billion and $17.2 billion in revenue for FY 2026, propelled by an $11.5 billion expansion in its Defense Enclave Services program. Despite a challenging fourth quarter marked by a 4% revenue decline due to a government shutdown, the company remains optimistic with projected revenues of $17.5 to $17.9 billion for FY 2026. Additionally, Leidos is set to acquire ENTRUST Solutions Group for $2.4 billion, aiming to enhance its energy infrastructure capabilities. However, recent stock performance dipped by 9.5%, reflecting ongoing market pressures.
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