Leidos Posts Record Q2 Revenue
13 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 Q2 performance and increased guidance indicate a surge in its defense business, highlighting the company's importance in the defense technology sector.
Independent Media 13
Single-source: Independent Media
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How this story unfolded across sources, oldest first.