Can Navy Network Modernization Support Leidos' Growth Outlook?

Leidos Holdings LDOS is strengthening its position in defense IT and cybersecurity as the U.S. Navy and Marine Corps continue to modernize their digital infrastructure. The company secured an $875 million contract extension to support and modernize networks serving more than 650,000 Navy and Marine Corps personnel worldwide. The agreement covers network services and infrastructure supporting the Navy Marine Corps Intranet (NMCI), ONE-Net and Marine Corps Enterprise Network (MCEN). The work will help enhance secure connectivity and support the digital infrastructure required for military operations across global locations.