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Motorola Solutions Inc

For the period ended Dec 31, 2024. Filed Feb 14, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 14, 2025

MSI$527.97+2.6%Stored close · as of Nov 9, 2026

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Backlog

Our backlog includes orders that have been received and are believed to be firm. As of December 31, 2024 and December 31, 2023, our backlog was as follows:

December 31
(In millions)20242023
Products and Systems Integration$4,135$4,993
Software and Services10,5629,266
$14,697$14,259

Approximately 57% of the Products and Systems Integration segment backlog and 24% of the Software and Services segment backlog is expected to be recognized as revenue during 2025. The firmness of such orders is subject to future events that may cause the amount recognized to change. In 2023, our backlog in the Software and Services segment for Airwave services contracted with the Home Office through December 31, 2026 was reduced by $777 million to align with the legal order imposed by the Competition and Markets Authority ("CMA") which implemented a prospective price control on Airwave (the "Charge Control"). In 2024, as a result of the Home Office's notice of a contract extension (the "Deferred National Shutdown Notice"), we recorded additional backlog of $748 million to reflect an incremental three years of services extending through December 31, 2029. Subsequently, we filed an action with the U.K. High Court challenging the Deferred National Shutdown Notice as being in breach of U.K. procurement and public law. The trial in this matter is currently set to commence on April 22, 2025. The backlog related to the incremental years of service contemplated in the Deferred National Shutdown Notice could change depending on the outcome of proceedings. Refer to "Part 1. Item 1A. Risk Factors" of this Form 10-K for a discussion of the risks and uncertainties associated with our Airwave contract with the U.K.

SegmentTechnologyAcquisitionDescriptionPurchase PriceDate of Acquisition
Software and ServicesCommand Center3tc SoftwareProvider of control room software solutions.$22 million and share-based compensation of $4 millionOctober 29, 2024
Software and ServicesCommand CenterNogginProvider of cloud-based business continuity planning, operational resilience and critical event management software.$91 million and share-based compensation of $19 millionJuly 1, 2024
Software and ServicesVideo Security and Access ControlUnnamed vehicle location and management solutions businessProvider of vehicle location and management solutions.$132 million and share-based compensation of $3 millionJuly 1, 2024
Products and Systems IntegrationVideo Security and Access ControlSilent SentinelProvider of specialized, long-range cameras.$37 millionFebruary 13, 2024
Products and Systems IntegrationVideo Security and Access ControlIPVideoCreator of a multifunctional safety and security device.$170 million and share-based compensation of $5 millionDecember 15, 2023
Software and ServicesCommand CenterRave MobileProvider of mass notification and incident management services.$553 million and share-based compensation of $2 millionDecember 14, 2022
Products and Systems IntegrationLMR CommunicationsFuturecomProvider of radio coverage extension solutions.$30 millionOctober 25, 2022
Products and Systems IntegrationLMR CommunicationsBarrett CommunicationsProvider of specialized radio communications.$18 millionAugust 8, 2022
Products and Systems IntegrationVideo Security and Access ControlVideotecProvider of ruggedized video security solutions.$23 million and share-based compensation of $4 millionMay 12, 2022
Software and ServicesVideo Security and Access ControlCalipsaProvider of cloud-native advanced video analytics.$39 million and share-based compensation of $4 millionApril 19, 2022
Software and ServicesLMR CommunicationsTETRA IrelandProvider of Ireland's National Digital Radio Service.$120 millionMarch 23, 2022
Products and Systems IntegrationSoftware and ServicesVideo Security and Access ControlAvaProvider of cloud-native video security and analytics.$388 million and share-based awards and compensation of $7 millionMarch 3, 2022
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