Company description "LEIDOS"
The Adolescent Support and Counseling Service (ASACS) serves active-duty U.S. military dependents and their families throughout Europe and the Pacific-Rim.The world’s critical and intriguing problems demand solutions that are startlingly different. Where is this type of challenge and thinking to be found? At LEIDOS, the FORTUNE 500® scientific, engineering, and technology applications company that is working to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. We invite you to explore LEIDOS, a company of people dedicated to delivering quality services and solutions based on innovative applications of science and technology. We believe how we achieve our mission is as important as the mission itself. Furthermore, our credo emphasizes our commitment to contribute to the security and well-being of our communities throughout the world, and our belief that high ethical standards are essential to the achievement of our individual and company goals.Connect with a company that in addition to tackling global challenges, supports community and national outreach efforts, and celebrates individuality, diversity, and inclusion.
LEIDOS's environment encourages employees to meet the highest standards of quality and ethical conduct, to grow professionally, and to reap the rewards of employee ownership. Through our workforce diversity and entrepreneurial culture, we attract motivated, talented people, and we encourage competitive excellence and growth by giving employees the freedom to develop businesses related to their professional interests. Those who take initiative, who think and act like owners, thrive in LEIDOS's unique environment.
Leidos provides flexible benefit choices designed to suit employees' needs and the needs of their families. At Leidos, each employee assumes the responsibility for making important decisions regarding his or her personal well-being. Leidos employees in most Leidos organizations are eligible to receive insurance benefits, paid absences, education assistance, interactive training and retirement. Leidos also recognizes its employees through various awards and recognition programs for their success in reducing company costs, publishing technical papers in peer-reviewed journals, and developing systems for customers.
Plans to Offer Shares to the Public (SAN DIEGO) - Science Applications International Corporation (Leidos) today announced that its Board of Directors has decided to conduct an initial public offering of common stock. The number of shares to be offered and the price range of the proposed offering have not yet been determined. Leidos expects the initial public offering to commence in early 2006. All or substantially all of the net proceeds from the initial public offering will be used to pay a special dividend to Leidos's stockholders of record prior to the initial public offering. The principal purpose of the initial public offering is to better enable Leidos to use its cash and cash flows from operations to fund organic growth and growth through acquisitions, as well as to provide Leidos with publicly-traded stock that it can use for future acquisitions. Creating a publicly-traded stock also eliminates the need for Leidos to use its cash to provide liquidity to its stockholders through its internal stock market. Leidos has filed a registration statement with the Securities and Exchange Commission (SEC) related to the initial public offering. To facilitate the initial public offering, Leidos has also filed a registration statement with the SEC concerning a proposed capital restructuring through which Leidos will form a parent company, Leidos, Inc., and Leidos's current stockholders will become stockholders of the parent company. A merger to effect the capital restructuring is expected to close shortly before the closing of the initial public offering, and will require the approval of Leidos's stockholders. In the capital restructuring, each outstanding share of Leidos class A common stock will be converted into the right to receive two shares of class A preferred stock of Leidos, Inc. and each outstanding share of Leidos class B common stock will be converted into the right to receive 40 shares of class A preferred stock of Leidos, Inc. Common stock of Leidos, Inc. will be offered in the proposed initial public offering. Each share of class A preferred stock will be convertible into one share of the publicly-traded common stock of Leidos, Inc. The class A preferred stock will be entitled to 10 votes per share, and the common stock will be entitled to one vote per share. The class A preferred stock will be subject to transfer restrictions that will expire in four stages during the twelve-month period after the proposed initial public offering. Other than the voting rights and transfer restrictions, the terms of the class A preferred stock and common stock will be the same. Morgan Stanley & Co. Incorporated and Bear, Stearns & Co. Inc. are serving as joint book-running managers for the initial public offering. The initial public offering will be made only by means of a prospectus. About Leidos Leidos is a leading provider of scientific, engineering, systems integration and technical services and solutions to the U.S. Government and selected commercial markets. From science to solutionsT, Leidos engineers and scientists solve complex technical problems in national security, intelligence, homeland security, energy, the environment, space, telecommunications, health care, and logistics. Leidos has more than 43,000 employees at offices in more than 150 cities worldwide. Additional Information and Where to Find It A registration statement on Form S-1 relating to the offering of common stock of Leidos, Inc. has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. More detailed information pertaining to the merger and related proposals of Science Applications International Corporation will be set forth in appropriate filings that have been and will be made with the SEC, including the proxy statement/prospectus contained in the registration statement on Form S-4 filed by Leidos, Inc. concerning the proposed merger and related proposals. We urge stockholders to read such documents that are or may be filed with the SEC when they are available because they will contain important information about the proposed merger and related proposals. Stockholders will be able to obtain a free copy of any filings, containing information about Science Applications International Corporation or Leidos, Inc., without charge, at the SEC's internet site at http://www.sec.gov. Copies of any filings by Science Applications International Corporation or Leidos, Inc. can also be obtained, without charge, by directing a request in writing to Science Applications International Corporation, 10260 Campus Point Drive, M/S F-3, San Diego, California 92121, Attention: General Counsel or by email to SECfilings@Leidos.com. Forward-looking Statements This press release may contain forward-looking statements that are based on our management's belief and assumptions and on information currently available to our management. Any such forward-looking statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, achievements or benefits to be materially different from any future results, levels of activity, performance, achievements or benefits expressed or implied by such forward-looking statements. As a result of these risks, uncertainties and other factors, readers are cautioned not to place undue reliance on any forward-looking statements included in this press release. These risks, uncertainties and factors are discussed in the filings of Science Applications International Corporation and Leidos, Inc. with the SEC, which are available without charge at the SEC's internet site at http://www.sec.gov. The forward-looking statements speak only as of the date made. Neither Science Applications International Corporation nor Leidos, Inc. assume any obligation to update any forward-looking statements to reflect events or circumstances arising after the date as of which they are made or to conform such statements to actual results. Participants in the Solicitation Science Applications International Corporation, Leidos, Inc. and their respective directors and executive officers may be deemed, under the SEC's rules, to be participants in the solicitation of proxies from the stockholders of Science Applications International Corporation in connection with the proposed merger and related proposals. The names of the directors and executive officers of Science Applications International Corporation and Leidos, Inc. and their interests, direct or indirect, by security holdings or otherwise, in the proposed merger and related proposals are contained in the proxy statement/prospectus contained in a registration statement on Form S-4 filed by Leidos, Inc., which may be obtained without charge at the SEC's internet site at http://www.sec.gov, or by directing a request in writing to Science Applications International Corporation, 10260 Campus Point Drive, M/S F-3, San Diego, California 92121, Attention: General Counsel or by email to SECfilings@Leidos.com.
The Leidos vision. Our vision is focused on value creation to better serve our customers and our employee owners throughout the world. We are working to clarify our distinction from the competition as a high-performing company – a company known for flawless execution, world-class science and technology, dedicated to adding value for our customers. We are also dedicated to working to provide our employee owners with further empowerment and greater opportunities for personal and professional growth. In addition, through exceptional management, financial stability, and rewarding employee contributions to the company’s success, we strive to consistently deliver outstanding returns to our employee owners.
Leidos’s diverse employee population is experienced. Seventy-seven percent of our staff has more than 10 years’ experience. They understand technology. Their skills span virtually all scientific and technical disciplines. Seventy-two percent of our staff is technical professionals and 45 percent of them have post-graduate degrees. Independent surveys have shown that Leidos employees are committed to ethics and integrity, world-class science and technology, and customer service and value creation. Leidos has employees in more than two dozen countries. Internationally, we have employees in Europe, the Middle East, North America, South America, and the Pacific Rim. In the United States, our largest locations are in California, Virginia, Texas, Alabama, Louisiana, Tennessee, Florida, and Ohio.
In addition to a wealth of services, Leidos provides high-technology products to commercial and federal customers around the world. Our products cover the spectrum of the company's capabilities. We provide products in the areas of aviation/unmanned vehicles; computer hardware; inspection technology; safety and security; simulation hardware and software solutions for training and analysis; software that helps clients automate code generation, manage computer resources, and merge or extract data; and transportation security technologies.
Please visit us at http://www.leidos.com/
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