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Already an Industry Leader, Leidos Looks to Break Out Further

TheMotleyFool

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Already an Industry Leader, Leidos Looks to Break Out Further

Leidos Holdings (NYSE: LDOS) is already a dominant player in the defense subsector known as government services thanks to a 2016 merger with the IT arm of Lockheed Martin, which provided Leidos with the scale needed to chase ever-bigger contract awards.

Shares of Leidos have been on a roll through much of 2019, fueled by a surge in government IT spending, but new competition is on the company's heels. In the years since the Lockheed Martin deal, consolidation among rivals has created several bulked-up entities better positioned to compete.