NYSE:LDOSProfessional Services
Leidos Weighs ENTRUST Deal And Cloud Win Against Debt And Valuation
Leidos Holdings (NYSE:LDOS) has closed its acquisition of ENTRUST Solutions Group, expanding its footprint in energy infrastructure.
The company has also secured a $454.9m contract to modernize the U.S. Air Force Cloud One platform.
Leidos issued $1.387b of senior notes, with proceeds earmarked for the ENTRUST transaction or other corporate uses.
Leidos enters this phase of corporate activity with its shares at $158.82 and a mixed recent track record, including a 12.1% decline over the past...