Leidos Holdings Inc
Leidos Holdings, Inc. (Leidos), formerly known as SAIC, Inc., is a holding
company. Its principal operating company, Leidos, Inc. (formerly known as Science
Applications International Corporation) was formed in 1969 by a small group
of scientists led by physicist Dr. Robert Beyster. Since our founding 45 years
ago, we have applied our expertise in science, research and engineering in rapidly
evolving technologies and markets to solve complex problems of national concern.
Leidos is an applied technology company delivering solutions and services that
leverage the power of data analytics, systems integration, and cybersecurity
across three markets: national security, health, and engineering. Our services
are provided to agencies of the U.S. Department of Defense (DoD), the intelligence
community, the U.S. Department of Homeland Security, and other U.S. Government
civil agencies, state and local government agencies, foreign governments and
customers across a variety of commercial markets. By leveraging our expertise
in multiple disciplines and using advanced analytics, we work to securely deliver
solutions that not only meet our customers’ current goals, but to support
their future endeavors. With a focus on delivering mission-critical solutions,
we generate over 78% of our total revenues from U.S. government contracts. A
majority of that work supports the U.S. intelligence community.
On September 27, 2013, Leidos completed the spin-off of our technical services
and enterprise information technology services business into an independent,
publicly traded company. As part of the spin-off, we changed our name to Leidos,
and the spin-off company assumed the name Science Applications International
Corporation (referred to herein as “New SAIC”). The spin-off was
designed to allow us to expand the addressable market for our offerings that
were previously constrained by regulations governing organizational conflicts
of interest, which generally prohibit companies from selling products to the
U.S. Government under a particular program if the company also provides certain
services under the same program. In addition, the discrete services business
that is now part of New SAIC had different financial and operational requirements
than our other business, and the spin-off allows us to better focus management’s
attention on our core businesses.
Our business is aligned into three reportable segments: Health and Engineering
(HES); National Security Solutions (NSS); and Corporate and Other. While each
reportable segment is organized around the markets served and the nature of
the products and services provided to customers in those markets, we provide
a wide array of scientific, engineering, and technical services and solutions
across these reportable segments.
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