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Leidos (LDOS) Wins a $191M Deal to Upgrade US Army's Software
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Leidos Holdings, Inc. (LDOS - Free Report) recently clinched a contract from the Army Contracting Command- Aberdeen Proving Ground for providing integrated lifecycle software and management solutions. The value of the award is $191 million.
Per the terms of the contract, Leidos will offer cyber-secured software and systems engineering, technical services as well as software integration to upgrade the U.S. Army’s fire systems.
What’s Favoring LDOS?
Amid escalating geopolitical tensions worldwide, the necessity for software development is becoming critical for enhancing the capabilities and efficiency of a nation’s army so that they can respond effectively to technologically evolving threats.
Consequently, as defense sectors across the board are focusing more on making their software systems more efficient, defense contractors like Leidos are witnessing solid contract flows involving the strengthening of software developments. The latest contract win is a bright example of that.
The growth potential of the Defense Software industry is very strong, driven by the demand for improved security and operational capabilities, rising defense budget and technological innovation. In light of this, the Market Research Future firm projects that the global Military Software market will witness a CAGR of 6% during the 2024-2032 period.
Such a solid market prediction offers strong growth opportunities to Leidos, which is a renowned provider of extensive software development capabilities for command and control (C2), intelligence and information systems and delivers mission and enterprise-level solutions to the United States and allied defense and intelligence organizations.
LDOS offers innovative data analytics capabilities, and designs, develops, integrates, deploys and supports information-centric software and enterprise IT systems for complex, data-driven national security challenges for the intelligence community, homeland security and defense customers. Its proven expertise in delivering efficient software development projects to the U.S. Army and other U.S. allies should enable it to win more such contracts in the near future, like the latest one.
Peer Prospects
Apart from Leidos Holdings, defense contractors that are expected to enjoy the perks of the growing Military Software market are as follows:
General Dynamics (GD - Free Report) : It offers a variety of innovative software solutions for military purposes. Its TACLANE Trusted Sensor software features additional cyber sensors that aid network administrators in establishing network situational awareness. As a result, it could be used as both an intrusion detection and prevention system.
L3Harris Technologies (LHX - Free Report) : It delivers a wide range of software products designed specifically for military applications. Its hC2 Software suite is a comprehensive suite of C2 software that links all levels, from the tactical edge to headquarters and gives a complete picture of mission operations, ensuring that vital information is accessible when and where it's required.
BAE Systems (BAESY - Free Report) : It offers a variety of software solutions for military applications, aiming to increase operational performance and decision-making. It creates software solutions for Electronic Warfare systems that include capabilities for electronic attack, protection and support.
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Leidos (LDOS) Wins a $191M Deal to Upgrade US Army's Software
Leidos Holdings, Inc. (LDOS - Free Report) recently clinched a contract from the Army Contracting Command- Aberdeen Proving Ground for providing integrated lifecycle software and management solutions. The value of the award is $191 million.
Per the terms of the contract, Leidos will offer cyber-secured software and systems engineering, technical services as well as software integration to upgrade the U.S. Army’s fire systems.
What’s Favoring LDOS?
Amid escalating geopolitical tensions worldwide, the necessity for software development is becoming critical for enhancing the capabilities and efficiency of a nation’s army so that they can respond effectively to technologically evolving threats.
Consequently, as defense sectors across the board are focusing more on making their software systems more efficient, defense contractors like Leidos are witnessing solid contract flows involving the strengthening of software developments. The latest contract win is a bright example of that.
The growth potential of the Defense Software industry is very strong, driven by the demand for improved security and operational capabilities, rising defense budget and technological innovation. In light of this, the Market Research Future firm projects that the global Military Software market will witness a CAGR of 6% during the 2024-2032 period.
Such a solid market prediction offers strong growth opportunities to Leidos, which is a renowned provider of extensive software development capabilities for command and control (C2), intelligence and information systems and delivers mission and enterprise-level solutions to the United States and allied defense and intelligence organizations.
LDOS offers innovative data analytics capabilities, and designs, develops, integrates, deploys and supports information-centric software and enterprise IT systems for complex, data-driven national security challenges for the intelligence community, homeland security and defense customers. Its proven expertise in delivering efficient software development projects to the U.S. Army and other U.S. allies should enable it to win more such contracts in the near future, like the latest one.
Peer Prospects
Apart from Leidos Holdings, defense contractors that are expected to enjoy the perks of the growing Military Software market are as follows:
General Dynamics (GD - Free Report) : It offers a variety of innovative software solutions for military purposes. Its TACLANE Trusted Sensor software features additional cyber sensors that aid network administrators in establishing network situational awareness. As a result, it could be used as both an intrusion detection and prevention system.
L3Harris Technologies (LHX - Free Report) : It delivers a wide range of software products designed specifically for military applications. Its hC2 Software suite is a comprehensive suite of C2 software that links all levels, from the tactical edge to headquarters and gives a complete picture of mission operations, ensuring that vital information is accessible when and where it's required.
BAE Systems (BAESY - Free Report) : It offers a variety of software solutions for military applications, aiming to increase operational performance and decision-making. It creates software solutions for Electronic Warfare systems that include capabilities for electronic attack, protection and support.