Calepin des entreprises international 2026 VA.pdf — page 130

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LEIDOS
Business trends
	
 Leidos posted revenues of $16.7 billion (€15.4 billion) in 2024, up 7.9% year-on-year in local currency, mainly 
driven by growth in the Health & Civil division (+18.3%). The National Security & Digital and Defense Systems 
divisions, which include the group’s defence activities, grew by 2.3% and 8.1% respectively.
	
 In May 2025, Leidos acquired the American company Kudu Dynamics, a specialist in offensive cybersecurity 
solutions used in particular for military applications. Worth $300 million (€266 million), this transaction is part of 
the NorthStar 2030 strategy presented by the group at the end of 2024.
Home market
	
 Leidos is the U.S. government’s leading provider of digital and telecom services according to Washington 
Technology’s 2025 rankings, ahead of Booz Allen Hamilton and Lockheed Martin.
	
 In December 2024, the group won a contract worth up to $987 million (€912 million) over 10 years to provide 
engineering and support services to foreign countries purchasing F-16 fighter aircraft.
	
 In January 2025, Leidos signed a contract worth up to $120 million (€111 million) over five years to provide 
various digital services, particularly in the areas of cybersecurity and cryptographic key management, to 
U.S. defence and intelligence agencies.
	
 In April 2025, the National Security Agency (NSA) awarded Leidos a contract worth up to $390 million 
(€363 million) over five years to provide signals intelligence (SIGINT) capabilities, engineering and analysis 
services, and various other services (training, maintenance, etc.).
Export markets
	
 Leidos generated 8% of its revenues from exports in 2024. In defence, Australia and the UK are the group’s 
main international customers.
	
 In February 2025, Leidos signed a seven-year contract with the UK Ministry of Defence to create an intelligence 
service called THOR to collect, analyse and transmit meteorological and oceanographic data to the UK’s 
National Centre for Geospatial Intelligence.
	
 The group was selected in June 2025 to lead a project to modernise NATO’s IT systems, in particular to 
increase resistance to cyber threats. Several partners wil be involved in the project, including Thales and 
Leonardo. The contract has a ceiling value of $87 million (€79 million).
	
 In September 2025, Leidos began construction in Australia of a new unmanned surface vehicle, named 
Sea Archer. Capable of reaching speeds of 40 knots (74 km/h) and carrying a payload of over 900 kg, the USV 
is designed for various tasks including attack, refuelling, ISR and electronic warfare missions.
	
 In November 2025, Leidos Australia partnered with Kongsberg to evaluate the possibility of integrating the 
NSM anti-ship missile onto the group’s Sea Archer and Longbow USVs.
Technology and Innovation
	
 Self-financed R&D expenditure amounted to $150 million (€139 million) in 2024, representing 0.9% of revenues.
	
 Leidos is testing its small (90 kg) Black Arrow cruise missile, following a successful launch test in 
November 2024 from an AC-130J aircraft.
	
 In 2025, Leidos unveiled the Sea Dart unmanned underwater vehicle, designed to meet the needs of the 
U.S. Navy. The group also presented the Sea Dagger Commando Insertion Craft, developed for the 
Royal Navy and UK Commando Force, and aims to deliver 24 units.
	
 In the United States, Leidos received a contract from the Defense Innovation Unit in June 2025 to develop an 
alternative navigation technology to GPS, able to thwart jamming, for military applications.
STRATEGIC HIGHLIGHTS