Analyst Commentary

Integration and restructuring are the top priority as Leidos seeks to realize the significant potential benefits of the IS&GS merger

Merger-related expenses continue to drag on Leidos’ operating margins, offsetting the benefits of better-than-expected revenue performance

Leidos (NYSE: LDOS) remains on track with its integration of acquired assets from Lockheed Martin Information Systems & Global Solutions (IS&GS). The legacy IS&GS group’s return to slight revenue growth in 1Q17 is evidence the portfolio fits better within its new home than it did at Lockheed Martin, where a services-centric unit did not mesh as well with a manufacturing-dominated ...

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