Leidos Delivers Strong Q4 Results to Cap an Outstanding 2025

Leidos closed 2025 with strong fourth-quarter results to punctuate an outstanding full-year performance. Against the backdrop of a dynamic operating environment, Leidos demonstrated resilience, disciplined execution, and growing momentum under its NorthStar 2030 strategy.

“2025 was a very dynamic year, from the complexities of DOGE early and the longest U.S. government shutdown toward the end,” said Leidos CEO Tom Bell. “But despite these challenges, we were able to deliver on our promises—first to our customers and, as a result, to our shareholders.”

The details of the company’s Q4 and full-year 2025 results can be found here.

Notable fourth-quarter awards included a $2.2 billion U.S. Air Force contract to deploy passive radar systems for base defense, a $455 million Air Force Cloud One Next Architecture & Common Shared Services award, and key positions on two major 10-year IDIQ contracts supporting Golden Dome and advanced engineering and prototyping.

One year into NorthStar 2030, Leidos has moved firmly into execution mode with what Bell describes as “a bias for velocity” and a “productive sense of urgency.” In 2025, the company sharpened its portfolio through targeted actions, including the acquisition of Kudu Dynamics to strengthen its cyber growth pillar, and the divestiture of non-core assets.

In January, Leidos announced an agreement to acquire ENTRUST Solutions Group, significantly expanding its energy infrastructure growth pillar and positioning the company as a leading utility engineering and power design provider.

“These actions improve our business mix while maintaining our strong balance sheet,” Bell said. “And in keeping with our strategy, we are also investing organically in support of key national priorities.”

Leidos plans to triple its capital expenditure investments in 2026 to $350 million to make key capitalized investments, expand production capacity, and expand and upgrade its classified facilities.

As Leidos enters 2026, the company does so with confidence, momentum, and a clear strategy.

“2025 was another very positive year for Leidos,” Bell said. “I’m convinced that 2026 will be a year that traction from our strategic actions will become even more evident. We will lock in our cultural and financial gains, demonstrate the power of NorthStar 2030, its growth pillars, and our alignment with Administration priorities, and propel ourselves into 2027 with even stronger success and momentum.”

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Certain statements in this announcement constitute “forward-looking statements” within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management’s current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the “Risk Factors” set forth in Leidos’ Annual Report on Form 10-K for the fiscal year ended January 2, 2026, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.