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RESTON, Va. - Leidos (NYSE:LDOS), a prominent player in the Professional Services industry with a market capitalization of $22.57 billion, and Second Front Systems (2F) announced a strategic partnership Thursday aimed at streamlining the approval process for commercial and government software across federal agencies.
Under the agreement, Leidos will serve as 2F’s preferred services partner to set up, operate and manage the company’s Game Warden platform in both classified and unclassified environments. Game Warden is described as a fully accredited development, security and operations platform designed to reduce time and costs for deploying secure, compliant software.
"By working with 2F and their Game Warden platform, we’re accelerating and scaling the delivery of secure solutions that meet complex mission needs for federal agencies across the defense, intelligence and civilian sectors," said Steve Hull, president of Leidos’ Digital Modernization Sector.
Tyler Sweatt, CEO of Second Front Systems, stated, "Government teams need access to secure, production-ready software now, not years from now."
Leidos, headquartered in Reston, Virginia, employs approximately 47,000 people globally and reported annual revenues of about $16.7 billion for the fiscal year ended January 3, 2025. According to InvestingPro data, the company maintains strong financial health with a "GREAT" overall score, operating with moderate debt levels and liquid assets exceeding short-term obligations.
Second Front Systems describes itself as a public-benefit software company focused on eliminating friction that slows innovation in government and regulated networks.
The partnership aims to help government customers reduce costs and risks associated with software deployment, according to the companies’ press release statement. With the stock currently trading at $175.98 and showing a notable 9.3% return over the past week, InvestingPro analysis suggests Leidos may be slightly undervalued, offering potential opportunities for investors. Discover detailed valuation metrics and 12 additional ProTips with an InvestingPro subscription.
In other recent news, Leidos Holdings reported strong financial results for the second quarter of 2025, significantly surpassing earnings expectations. The company posted an earnings per share (EPS) of $3.21, exceeding the forecast of $2.64 by 21.59%. Revenue was reported at $4.25 billion, slightly above the anticipated $4.24 billion. This strong performance prompted Leidos to raise its fiscal year 2025 guidance. Additionally, Stifel has raised its price target on Leidos Holdings to $204 from $178 while maintaining a Buy rating. Stifel analyst Jonathan Siegmann noted that Leidos exceeded EBITDA estimates by 18%. These developments reflect positively on Leidos’ financial health and future outlook.
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