Leidos Awarded $365 Million by Department of Energy
On July 25, Leidos (LDOS) announced that the company has been awarded a Department of Energy contract to support research for the National Energy Technology Laboratory (NETL). The contract has a three-year base performance period followed by two optional contract periods. It has the potential to extend 10 years for a total valuation of $364.7 million. Leidos will provide scientific and engineering personnel, facilities, equipment, materials, supplies, and services to support technology-based energy research, development, and demonstrations.
Sonal detected the event and sent out an alert at 6:18 am. The next trade took place for $63.74 at 7:31 am. The stock opened for regular market trading at $63.29 and experienced modest gains to close back up at $63.75. Leidos, however, moved higher over the next five trading sessions to close up 7.6% at $68.61 on August 1.
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