U.S. Defense Company Leidos Holdings Inc Sets Ambitious Full-Year Profit Target Amid High Geopolitical Tensions
U.S. defense company Leidos Holdings Inc has provided an impressive full-year profit target that surpasses Wall Street expectations, as it capitalizes on the increasing demand for its products amidst heightening geopolitical tensions. The Reston, Virginia-based firm, known for its hypersonic weapons development and other defense technologies, is benefiting from the surge in Pentagon spending.
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