Leidos Holdings, Inc. shares fall 1.23% after-hours following a strategic partnership announcement with Second Front Systems.

Leidos Holdings, Inc. fell 1.23% in after-hours trading, following the announcement of a strategic partnership with Second Front Systems to streamline the approval process for commercial and government software. This collaboration aims to reduce costs and risks for government customers, leveraging Leidos' expertise in operating and scaling new software and technology in the federal ecosystem.