Leidos Posts Record $4.56B Quarter
15 sources · first reported Yesterday
Leidos reported a 7% increase in Q2 revenue to $4.56 billion, with net bookings of $4.9 billion and a funded backlog up 44% year over year. The company raised its full-year revenue and earnings guidance. This growth is driven by its defense business, with a book-to-bill ratio of 2.2.
Why it matters
Leidos' strong performance in its defense business indicates a growing demand for defense technologies and services, which is significant for the industry's growth and development.
Independent Media 15
Single-source: Independent Media
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How this story unfolded across sources, oldest first.