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Leidos Holdings, Inc. (LDOS) - 1.8% Upsurge: What You Should Know

Leidos Holdings, Inc. (LDOS) shares surged 1.8% on Friday, closing at $74.92. The company's stock has been on a roll lately, with the shares gaining 4.5% in the past five trading days.

The surge in LDOS stock comes as the company announced a new contract win in the defense sector. Leidos was awarded a five-year, $1.2 billion contract by the U.S. Army to provide logistics support services. The contract is expected to boost the company's revenue and profitability in the coming years.

LDOS stock has been a strong performer in recent months, with the shares up 14.5% in the past three months and 26.5% in the past year. The company's strong track record of contract wins and its position as a leading provider of defense and technology services have driven the stock's gains.

Leidos is one of the largest defense and technology companies in the world, with a portfolio of over 300 contracts and a global workforce of over 40,000 employees. The company's services include logistics, intelligence, and cybersecurity, among others.

Investors have been drawn to LDOS stock due to its strong financials and its position as a leading provider of defense and technology services. The company has a strong track record of delivering profits and has been able to maintain its profitability despite the challenges facing the defense industry.

In the coming weeks and months, investors will be watching to see if LDOS stock can continue its upward trend. The company's next earnings report is expected to be released in the coming weeks, and investors will be looking for any signs of continued growth and profitability.