Motorola Solutions Inc
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
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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) | 2024 | 2023 |
| Products and Systems Integration | $4,135 | $4,993 |
| Software and Services | 10,562 | 9,266 |
| $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.
| Segment | Technology | Acquisition | Description | Purchase Price | Date of Acquisition |
|---|---|---|---|---|---|
| Software and Services | Command Center | 3tc Software | Provider of control room software solutions. | $22 million and share-based compensation of $4 million | October 29, 2024 |
| Software and Services | Command Center | Noggin | Provider of cloud-based business continuity planning, operational resilience and critical event management software. | $91 million and share-based compensation of $19 million | July 1, 2024 |
| Software and Services | Video Security and Access Control | Unnamed vehicle location and management solutions business | Provider of vehicle location and management solutions. | $132 million and share-based compensation of $3 million | July 1, 2024 |
| Products and Systems Integration | Video Security and Access Control | Silent Sentinel | Provider of specialized, long-range cameras. | $37 million | February 13, 2024 |
| Products and Systems Integration | Video Security and Access Control | IPVideo | Creator of a multifunctional safety and security device. | $170 million and share-based compensation of $5 million | December 15, 2023 |
| Software and Services | Command Center | Rave Mobile | Provider of mass notification and incident management services. | $553 million and share-based compensation of $2 million | December 14, 2022 |
| Products and Systems Integration | LMR Communications | Futurecom | Provider of radio coverage extension solutions. | $30 million | October 25, 2022 |
| Products and Systems Integration | LMR Communications | Barrett Communications | Provider of specialized radio communications. | $18 million | August 8, 2022 |
| Products and Systems Integration | Video Security and Access Control | Videotec | Provider of ruggedized video security solutions. | $23 million and share-based compensation of $4 million | May 12, 2022 |
| Software and Services | Video Security and Access Control | Calipsa | Provider of cloud-native advanced video analytics. | $39 million and share-based compensation of $4 million | April 19, 2022 |
| Software and Services | LMR Communications | TETRA Ireland | Provider of Ireland's National Digital Radio Service. | $120 million | March 23, 2022 |
| Products and Systems IntegrationSoftware and Services | Video Security and Access Control | Ava | Provider of cloud-native video security and analytics. | $388 million and share-based awards and compensation of $7 million | March 3, 2022 |
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