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  "documentTitle": "Leidos Holdings, Inc. (LDOS)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2021-02-16 00:00:00",
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  "notes": "Uses a 'CEO Quote Contradiction' framework to highlight the gap between management promises and reality.",
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      "text": "Leidos management has emphasized that a cornerstone of its Dynetics acquisition was to leverage itself to hypersonics growth. Yet, in less than a year after the acquisition, there is already evidence to suggest investors could be set for disappointment.",
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      "text": "Leidos management has emphasized that a cornerstone of its Dynetics acquisition was to leverage itself to hypersonics growth. Yet, in less than a year after the acquisition, there is already evidence to suggest investors could be set for disappointment. In late Jan 2021, Leidos was removed from hypersonic and ballistic tracking space sensor program.",
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      "text": "In fact, Dynetics' technical capabilities address 5 of the 7 technology priorities laid out by the Under Secretary of Defense for Research and Engineering, specifically, hypersonics, space, directed energy, artificial intelligence and machine learning and microelectronics. — CEO Krone, Deal Announcement Conf, Dec 17, 2019; Dynetics, it's an industry-leading Applied Research and National Solutions company. The high-growth areas that we're engaged in, you see over on the right-hand side of this chart, the development and manufacture of components for hypersonics and space solutions. — Leidos CFO Reagan, Goldman Conf, May 12, 2020; That said, if you look back at Joe Biden's history in the Senate, he's been typically, historically a strong supporter of the DoD. And what you're hearing out of the transition team is that they're going to continue to support modernization initiatives at the DoD, a lot of emphasis on space, a lot of emphasis on things like hypersonics, that would help us realize the promise of our investment Dynetics, for example. — Leidos CFO Reagan, Credit Suisse Conf, Dec 2, 2020; The Missile Defense Agency has selected Northrop Grumman to join L3Harris Technologies for the next phase of the Hypersonic and Ballistic Tracking Space Senor project, a move that bumps Raytheon and Leidos from a contest to develop a next-generation, orbiting, infrared system to track ultrafast and maneuvering threats from launch to impact. — Missile Defense Cuts Leidos, Jan 22, 2021",
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      "text": "Source: “MDA selects Northrop to proceed with HBTSS development, booting Raytheon and Leidos”, Inside Defense, Jan 22, 2021",
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