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Leidos Holdings targets infrastructure, oil & gas, and utilities markets, among others
Science Applications International Corp. (SAIC) on Friday split into two new independent publicly traded companies, one of which is called Leidos Holdings, Inc., a $6 billion company focusing on engineering and infrastructure, health, and national security for customers in the utility, oil and gas, commercial and industrial, lender and developer, and government markets.
Based in McLean, Va., the company had announced plans last year to create the public firms in order to eliminate a deep-rooted conflict of interest climate in the business. It spun off its $4 billion government services and information technology firm, which retained the name Science Applications International Corp. and trades under NYSE: SAIC. Leidos, which is the parent company, starts trading Monday under the symbol NYSE: LDOS.
SAIC was awarded a $34 million contract from the U.S. Army on Wednesday to conduct aerial and terrestrial data acquisition, processing, and maintenance of high-resolution 3D geospatial data products from its headquarters and in Afghanistan.
Meet Leidos
Leidos targets infrastructure market
The health and engineering businesses are predominantly commercial and will collectively comprise about 30 percent of Leidos – or $2 billion in revenue by providing information technology, architecture, design, engineering and operations services for energy, infrastructure and environmental management projects. Leidos also provides virtual imaging technologies for designing efficient, green and functional buildings and infrastructure.
Leidos’ engineering business is comprised of four segments:
- Infrastructure – 40 percent
- Power – 25 percent
- Oil and Gas – 10 percent
- Commercial and Industrial – 25 percent
Under Leidos’ national security business, the company said it is transitioning to new markets including:
- Advanced electronic warfare
- Border Security missions
- Classified next generation sensors
- Unmanned, autonomous naval systems
