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Leidos (LDOS) acquired Lockheed Martin's (LMT) IT systems and services business this week for $4.6 billion.
Transaction Allows for Greater Focus on Core Business in Aerospace and Defense
-- Lockheed Martin expects the exchange to result in a reduction of Lockheed Martin common stock outstanding by 9,369,694 shares
Trade-Ideas LLC identified Leidos Holdings (LDOS) as a "storm the castle" (crossing above the 200-day simple moving average on higher than normal relative volume) candidate
The aerospace giant posts better-than-expected earnings and revenue in what's supposed to be a transition year. But F-35 funding questions, plus new Turkey worries, are weighing on shares.
Trade-Ideas LLC identified Leidos Holdings (LDOS) as a weak on high relative volume candidate
These five big stocks could be about to increase their dividend payments in the coming months
The defense sector's overreliance on U.S. spending appears a feature, not a flaw, when seeking refuge from the 'Brexit' selloff. Just beware of commercial and business jet demand.
The defense technology maker will likely take some time to digest the acquisition of American Science and Engineering ,), but sources feel further consolidation is possible for this player
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Lockheed surprises with a revenue beat and higher guidance for the rest of 2016, raising confidence the defense giant will navigate what was supposed to be a year of transition.
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Health, national security and engineering company, Leidos (NYSE: LDOS), and FairWarning, Inc.
But we do believe ultimately it is a good fit for the defense giant.
A study of analyst recommendations at the major brokerages shows that Leidos Holdings Inc is the #65 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period.