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Leidos Wins $2.7 Billion US Army Contract for Hypersonic Weapons Production

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Leidos Holdings (LDOS) won a $2.7 billion US Army contract to advance hypersonic weapons programs from prototyping to production.

The award combines the Thermal Protection Shield and Common Hypersonic Glide Body programs, a move intended to streamline development and accelerate delivery for both the Army and the Navy, Leidos said Tuesday in a statement.

The contract is expected to reduce production timelines and strengthen the supply chain for components, the company said.

Price: $130.24, Change: $+2.56, Percent Change: +2.01%

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