Leidos Posts Record Revenue
10 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 backlog of $48.7 billion. The company raised its full-year revenue and earnings guidance. The defense sector drove the growth, with a book-to-bill ratio of 2.2.
Why it matters
Leidos' strong performance in the defense sector is significant as it indicates a growing demand for defense technologies and services. The company's increased guidance also reflects its confidence in the sector's continued growth.
Independent Media 10
Single-source: Independent Media
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