Leidos Holdings Inc
For the period ended Jun 28, 2024. Filed Jul 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 28, 2024 · Filed Jul 30, 2024
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Bookings and Backlog
We recorded net bookings worth an estimated $4.0 billion and $7.7 billion during the three and six months ended June 28, 2024, respectively, as compared to $2.9 billion and $5.9 billion for the three and six months ended June 30, 2023, respectively.
The estimated value of our total backlog was as follows:
| June 28, 2024 | June 30, 2023 | |||||
|---|---|---|---|---|---|---|
| Segment | Funded | Unfunded | Total | Funded | Unfunded | Total |
| (in millions) | ||||||
| National Security and Digital | $2,681 | $15,268 | $17,949 | $2,806 | $12,549 | $15,355 |
| Health & Civil | 1,607 | 8,837 | 10,444 | 1,635 | 9,127 | 10,762 |
| Commercial & International | 2,699 | 1,886 | 4,585 | 2,786 | 972 | 3,758 |
| Defense Systems | 1,036 | 2,473 | 3,509 | 1,045 | 3,232 | 4,277 |
| Total | $8,023 | $28,464 | $36,487 | $8,272 | $25,880 | $34,152 |
Backlog represents the estimated amount of future revenues to be recognized under negotiated contracts, both funded and unfunded. Backlog does not include unexercised option periods and future potential task orders expected to be awarded under indefinite delivery/indefinite quantity ("IDIQ") contracts, General Services Administration Schedule or other master agreement contract vehicles, with the exception of certain IDIQ contracts where task orders are not competitively awarded and separately priced but instead are used as a funding mechanism, and where there is a basis for estimating future revenues and funding on future anticipated task orders.
Backlog estimates are subject to change and may be affected by factors including modifications of contracts and foreign currency movements.
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