Laser-induced breakdown spectroscopy (LIBS) is an established technique for material characterization applicable to a variety of problems in research, industry, environmental studies, and security. LIBS conducted with femtosecond laser pulses exhibits unique properties, arising from the characteristics of laser-matter interactions in this pulse width regime. The time evolution of the electric field of the pulse determines its interaction with sample materials. We present the design and performance of a femtosecond LIBS system developed to systematically optimize the technique for detection of uranium. Sample analysis can be performed in vacuum environment, and the spectral and temporal diagnostics are coupled through an adaptive feedback loop, which facilitates optimization of the signal-to-noise ratio by pulse shaping. Initial experimental results of LIBS on natural uranium are presented.