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Leidos Holdings, Inc. Reports First Quarter Fiscal Year 2021 Results


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RESTON, Va., May 4, 2021 /PRNewswire/  Leidos Holdings, Inc. (NYSE: LDOS), a FORTUNE 500
® science and technology leader, today reported financial results for the first quarter of fiscal year 2021.  
Roger Krone, Leidos Chairman and Chief Executive Officer, commented: First quarter results reflect the perseverance, focus and tremendous execution of our employees and business partners. New quarterly record levels of revenue, non-GAAP EPS and backlog were achieved, and significant organic growth was delivered across all business segments. This early momentum favorably positions Leidos to deliver on our full year financial commitments.
Summary Results
Revenues for the quarter were $3.32 billion, compared to $2.89 billion in the prior year quarter, reflecting a 14.7% increase. Excluding our revenue growth from our acquisitions of $168 million for Dynetics, Inc. ( Dynetics ), L3Harris Technologies security detection and automation busines ....

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Oil production in Alaska reaches lowest level in more than 40 years - Today in Energy - U.S. Energy Information Administration (EIA)


Crude oil production in Alaska averaged 448,000 barrels per day (b/d) in 2020, the lowest level of production since 1976. Last year s production was over 75% less than the state’s peak production of more than 2 million b/d in 1988. Production declined in 28 of the 32 years since Alaska’s oil production peak as the state’s oil fields have matured. The 4% decrease in annual oil production in Alaska in 2020 was part of a larger decline in U.S. oil production.
The Trans-Alaska Pipeline System transports crude oil from the North Slope of Alaska to Valdez on Alaska’s southern coast. Pipeline deliveries have decreased because of less production. Lower oil volumes cause oil to move more slowly in the pipeline, and the travel time for oil from the North Shore to Valdez has increased from 4.5 days in 1988 to 26 days in 2020. ....

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