7 Best Space Exploration Stocks to Invest In

2. Leidos Holdings, Inc. (NYSE:LDOS)

No. of Hedge Fund Holders: 51

Leidos Holdings, Inc. (NYSE:LDOS) is a defense company engaged in various operations. The company offers a range of space-based services such as managing space missions, designing and manufacturing rocket payloads, and communication services for the rocket payloads. The company has a strong and growing business with space and defense agencies, including NASA, the Pentagon, and other agencies.

Leidos Holdings, Inc. (NYSE:LDOS) continues to perform well with remarkable outcomes in 2024. The company surpassed its three-year performance target set in 2021, obtaining an organic revenue CAGR of 6.6% and an adjusted EBITDA margin of 12.9%, exceeding its targets. For the full year, the company posted a revenue of $16.66 billion, growing by 6% from a year ago. Leidos won several contracts, including a $2.6 billion follow-on contract with the TSA and a $4.1 billion IDIQ for the IFPC Enduring Shield Air Defense system. The company is well-positioned to benefit from the current environment and achieve its goals.