Leidos Invests ~$32M In New Manufacturing Facility In South Carolina

Leidos Holdings Inc LDOS plans to establish a new security systems manufacturing facility in North Charleston, South Carolina. 

The new facility will be the company's third security systems manufacturing location in the U.S.

The new facility will produce security systems for Leidos' Security Enterprise Solutions (SES) operation. 

Leidos will invest $31.7 million in the new facility, creating up to 170 new jobs in the region over time.

The new 150,000-square-foot facility will enable Leidos to onshore more manufacturing, boosting the company's critical capacity to support its customer base.

"This facility brings more manufacturing back into the U.S. and expands Leidos' global security capabilities for the aviation and critical infrastructure markets," said Leidos Civil Group president Jim Moos.

Price Action: LDOS shares traded lower by 0.26% at $88.42 on the last check Thursday.