Monitor for follow-on option year exercises and potential expansion of ARTEMIS to other theaters. The contract reinforces Leidos' position in airborne ISR and supports the NorthStar 2030 strategy, but the modest size relative to total revenue suggests limited near-term earnings impact.
Price Chart
Executive Summary
Leidos received a $127 million contract extension from the U.S. Army to continue providing ARTEMIS airborne ISR operations through summer 2027, with two additional option years. The award supports Leidos' NorthStar 2030 strategy by expanding its Defense Tech and Mission & Digital Solutions portfolio.
Key Financial Metrics
Key Facts
- Contract valued at up to $127 million
- Extends ARTEMIS ISR operations within U.S. European Command area of responsibility through summer 2027
- Two additional option years included
- Leidos has supported the ARTEMIS mission since 2020
- Contract awarded through Army's Common Hardware Systems-6 (CHS) next-generation prime contract
- Advances Leidos' NorthStar 2030 strategy
Financial Impact
Up to $127 million contract extension, adding to Leidos' annual revenue of approximately $17.2 billion (FY ended Jan 2, 2026). The contract represents roughly 0.7% of annual revenue, but the strategic value in expanding the Defense Tech portfolio is notable.
Risk Factors
- Option years may not be exercised
- Budgetary or geopolitical changes could affect future ISR spending
- Competitive pressure from other defense ISR providers
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302886464 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $136.08 | awaiting T+20 | — | $139.06 (+2.19%) |
Oct 14, 2026 13d ago | Press Release | $120.59 | awaiting T+20 | — | $139.06 (+15.32%) |
Oct 13, 2026 14d ago | GOVT-CONTRACT | $120.59 | awaiting T+20 | — | $139.06 (+15.32%) |
Oct 6, 2026 21d ago | Press Release | $116.69 | awaiting T+20 | — | $139.06 (+19.17%) |
Oct 5, 2026 22d ago | 8-K | $119.45 | awaiting T+20 | — | $139.06 (+16.42%) |
Oct 1, 2026 26d ago | 8-K | $121.97 | awaiting T+20 | — | $139.06 (+14.01%) |
Sep 29, 2026 28d ago | Press Release | $123.10 | awaiting T+20 | — | $139.06 (+12.97%) |
Sep 29, 2026 28d ago | GOVT-CONTRACT | $121.83 | awaiting T+20 | — | $139.06 (+14.14%) |
Sep 29, 2026 28d ago | GOVT-CONTRACT | $121.83 | awaiting T+20 | — | $139.06 (+14.14%) |
Sep 25, 2026 4w ago | GOVT-CONTRACT | $122.35 $139.86 | ▲ +14.31% | ▲ +14.34% | $139.06 (+13.66%) |
US Market Status
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