Solid Defense Spending Request
The administration proposed a 13% increase in defense spending, which includes additional funding beyond the request, emphasizing the Navy, Air Force, and Space Force.
Strong Business Development
Net bookings of $2.4 billion for a book-to-bill ratio of 1.3, including significant contracts such as a $55 million Space Development Agency role and a two-year extension on the Department of State Vanguard program.
Civilian Budget Support
Over $1 billion additional budget for the Department of Transportation and stable funding for the Department of State IT operations, Department of Treasury tech improvements, and Department of Veterans Affairs health record modernization.
Optimistic Pipeline and Backlog
A backlog of pending awards at approximately $20 billion, supporting the goal of achieving 1.2 trailing twelve-month book-to-bill in the coming quarters.
Revenue Growth and Guidance
Reported revenue of $1.877 billion, a 2% growth, with a full-year revenue guidance range of $7.6 billion to $7.75 billion, representing approximately 2.5% organic growth at the midpoint.