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Leidos receives $617 million from U.S. Army for air defense launchers
Leidos (NYSE: LDOS) has been awarded an additional $617 million by the U.S. Army to produce launchers for the Indirect Fire Protection Capability Increment 2 (IFPC Inc 2) system, bringing its total production contracts for this system to nearly $1.2 billion since July 2025. This funding supports the Army’s efforts to scale the mobile, ground-based air defense system and ensures continued research, development, and testing through 2029. The IFPC Inc 2 system is designed with an open architecture to integrate evolving technologies and provide flexible protection against cruise missiles and unmanned aerial threats.