Willscot Mobile Mini Q2 Earnings: Mixed Sentiment Amid Strong EBITDA and Free Cash Flow
ByAinvest
Saturday, Aug 2, 2025 12:55 am ET1min read
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Leidos, a prominent player in the Professional Services industry, will work with the FBI's Criminal Justice Information Services (CJIS) division to upgrade the NGI system, which plays a critical role in assisting law enforcement and intelligence agencies across the United States. The company's expertise in agile software development and biometric technologies positions it well to deliver these enhancements.
The modernization effort aligns with broader trends in federal biometric security investments. Leidos has previously worked with the FBI to improve the system's accuracy, with fingerprint identification accuracy now exceeding 99.6 percent. The NGI system's ability to manage multimodal biometric data, including fingerprints, facial recognition, and iris scans, has expanded its investigative capabilities.
Leidos' financial health is strong, with liquid assets exceeding short-term obligations and moderate debt levels. The company reported annual revenues of approximately $16.7 billion for the fiscal year ending January 3, 2025, and maintains a market capitalization of $20.7 billion.
This contract is part of a broader strategy to enhance data transfer capabilities and improve identity verification platforms in the face of emerging threats such as synthetic identity fraud and deepfake media. The modernization of the NGI system is expected to strengthen the platform's speed, accuracy, and adaptability in a rapidly evolving threat landscape.
References:
[1] https://www.govconwire.com/articles/fbi-leidos-next-generation-identification-modernization-roy-stevens
[2] https://idtechwire.com/fbi-awards-128m-contract-to-leidos-for-biometric-system-modernization/
[3] https://www.leidos.com/insights/fbi-selects-leidos-modernize-worlds-largest-biometric-and-criminal-history-repository
[4] https://ng.investing.com/news/company-news/leidos-secures-128-million-fbi-contract-for-biometric-system-upgrade-93CH-2031526
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Leidos has been awarded a $128 million task order by the FBI to modernize the Next Generation Identification (NGI) system, the world's largest biometric and criminal history repository. The contract includes a one-year base period and four option years, with enhancements to be made to the system, including mobile apps, biometric algorithms, automated testing, and emerging technology integrations. Leidos reported $16.7 billion in revenue for the fiscal year ending January 3, 2025.
Leidos has been awarded a $128 million task order by the FBI to modernize the Next Generation Identification (NGI) system, the world's largest biometric and criminal history repository. The contract, which includes a one-year base period and four option years, aims to enhance the system's capabilities through the development of mobile applications, biometric algorithms, automated testing, and integration of emerging technologies.Leidos, a prominent player in the Professional Services industry, will work with the FBI's Criminal Justice Information Services (CJIS) division to upgrade the NGI system, which plays a critical role in assisting law enforcement and intelligence agencies across the United States. The company's expertise in agile software development and biometric technologies positions it well to deliver these enhancements.
The modernization effort aligns with broader trends in federal biometric security investments. Leidos has previously worked with the FBI to improve the system's accuracy, with fingerprint identification accuracy now exceeding 99.6 percent. The NGI system's ability to manage multimodal biometric data, including fingerprints, facial recognition, and iris scans, has expanded its investigative capabilities.
Leidos' financial health is strong, with liquid assets exceeding short-term obligations and moderate debt levels. The company reported annual revenues of approximately $16.7 billion for the fiscal year ending January 3, 2025, and maintains a market capitalization of $20.7 billion.
This contract is part of a broader strategy to enhance data transfer capabilities and improve identity verification platforms in the face of emerging threats such as synthetic identity fraud and deepfake media. The modernization of the NGI system is expected to strengthen the platform's speed, accuracy, and adaptability in a rapidly evolving threat landscape.
References:
[1] https://www.govconwire.com/articles/fbi-leidos-next-generation-identification-modernization-roy-stevens
[2] https://idtechwire.com/fbi-awards-128m-contract-to-leidos-for-biometric-system-modernization/
[3] https://www.leidos.com/insights/fbi-selects-leidos-modernize-worlds-largest-biometric-and-criminal-history-repository
[4] https://ng.investing.com/news/company-news/leidos-secures-128-million-fbi-contract-for-biometric-system-upgrade-93CH-2031526
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