thank Stuart. this us morning. you, for joining you Thank all And
ability quarter long-term drive demonstrate target. our with record to was first Our as strong organic our revenue performance results growth consistent
and and XXXX we momentum to performance through the achieving progress year We build guidance. earnings are expect to cash committed fully as our
As truly market and facing I confident the am with step is talent, down technical depth, solutions. as that leader industry Leidos CEO, I unmatched in our
missions as the Our dedicated make challenging team is of we most at the safer, customers' more healthier, forefront world and efficient. our
our development and performance, touch I'll business on people. usual, performance, financial allocation, capital As
X% X% of performance Record in $X.X up for were Number the one, year-over-year. quarter revenues financial over our total organically and excellent. top billion line was
speaks our and segments the term power which our our with and portfolio. share to line by diversified of of our grew in is three All take long Health, we Civil model, to competitors. continue led, growth Our from
primarily year. a matter especially that anticipated, and of security help timing seeing on continued offerings. we're and the in the The the by performance security investment to largely based portfolio, business, accelerate was earnings Bottom delays are will delays product across resolved and site Health year. fundamentally will the issues than driven customers The in strengths the in within margin line and readiness performance supply lower throughout chain be product deliveries Leidos
than As the levels. for operating consistent remain year's the tax was cash CARES planned, unusual on was generation of cash flow payment last cash final generate for from flow decreased on items, Absent payments million deferral. XXX We and more by track $XXX Act Section the this XXXX year. expense cash those operations with to
me brings on capital Which to point number allocation. two
maintaining has returning Our inorganically, our shareholders, being long cash and manner. in excess investment term a efficient appropriately reinvesting of both rating, balanced levered organically capital deployment quarterly dividend and our shareholders returning a consisted growth, to strategy tax and to always for grade
We extended committed the current We've deploy the we times refinanced and sheet investment grade our position market. we expect and in rating to and to quarter, In take year. first ways. to by strong down a to our the capital that view strategic of X the gross end our asset to ratio productive us in achieve debt as leverage balance
power quarter, quarter. debt million our and aligned bought of through paydown but our The we deploy ability Therefore, repurchases open back the cash with valuation first market limited in capital not resolutely upcoming our and payments is $XX to cash tax in the current that earnings generation. believe we shares fundamental
in of term the second generation we'll flexibility allocate we half free the ramp to year, shareholders. create long capital to cash As benefit
of delays marked Leidos budget levels environment authority. after being more a is obligations competitive activity long thrive protracted a well able business development. procurement for by to active A bodes three, history returning market. running Number award and normal period Most in under importantly, with to our
the In at up a quarter X.X. billion for was funded, book-to-bill a booked XX%. which in our that, Of Total of of is $X and $XX.X exceeded billion. billion gross awards the plan end net stood of net $X.X awards backlog quarter, we at the
key item can the You about from community rebound. quarter pleased awards international awards beginning to particularly security but making and continues customers press read as us Maritime release, the the to some a of the we're see is airport in intelligence again. focus for
to that differentiation talked are and invest I we Last compute, bids, to core our trust, AI. that ensure in To technologies true our to confidential generative strategic quarter, about continue bring we business. zero cyber,
of history We rich to goes critical to speed that a delivering security deployment beyond software development from support at software have operations, supply also delivering chain secure missions. software We the protect to for to quantum resilient compliance cybersecurity. applications, and focused as in emerging DoD And cutting technologies investing FAA, transition communications DHS. we're quantum such augmented like customers edge the and quantum on the
see tremendous We ahead. opportunities
another submit View Development Tranche remainder have over April timeline, accelerating the on successful We in should the program, submit. X is awaiting X billion Based and a Field Agency year. the the $XX we be Tranche launches X adjudication, in Wide $XX Space of the and expect the Tranche billion so to rapid submits XXXX of
bids We also expect protection and our hypersonics expanded follow-on programs force year. on this
and modernization customers. and supply priority key army Administration, large transformation pursuing for we're a Veterans digital addition, chain the efforts remains our for In the
X, plan. our we to headcount important, increased uplift more people. number has pandemic labor talented attractive year-over-year. X% levels. an than pre to This point dropped people be more for lastly, provides hired Lighthouse and voluntary attrition revenue destination potential first Even And to improved the X,XXX down In continues position quarter,
We're believe and talent, major factor. engagement is development we positive our market career benefiting but technical also employee improved on a for from focus labor the
Leidos Life around putting are engage career. first. with with the by their wellbeing taking living time careers, employees are commitments a and employees to managers and teams their their Our flexibility their building connecting They to
employee on particularly and relationships, In our and scoring almost we completed above across inclusion benchmarks strong recently manager were diversity, survey, employee development. and categories, engagement external all growth
your an Leidos build career, and join work. you skills team If fulfilling a a over to is place to great want inclusive
President The Congress US is such federal turning Veterans that touch critical XXXX. proposed defense, as currently in I'll areas Leidos, NASA, trillion transportation, Before and are the environment. to request it debating increases Biden's over budget year to important on Chris, physical Affairs, includes for budget The $X.X budget energy. current
resolving week, now XXXX bill and nation. Last can ceiling discretionary the would challenges we debt a Senate, the in The as debt that House not Republicans but government earnest a have bill raise physical that spending. pass ceiling the budget the passed and discussions cap given enormous towards year the begin will
CEO transition. Finally, I want to speak to the
years technology Leidos, I my to proud nine and tripling As incredible am as growth transformation establishing we almost have say and that a I on at provider. broad revenues look premier ourselves achieved back together,
Our leadership in numerous win competitor team abroad. strong programs US the us large helped and
and completed business, We our Solutions which to transformational capabilities & including Global us acquisitions, integrating Martin's serve customers. Information enabled expand Lockheed our better Systems
not challenges. Our have industry, unnoticed our been to providing leader solutions we efforts have gone a complex as innovative recognized as in
our inclusion. commitment we fostered and of to employees innovation, engagement priority, a has top and been Our have culture a
have to conveys and a mission, vision about customers. commitment our our We is passionate team that values, and built that
wellbeing took above Throughout safety individual of prioritized care the pandemic, each we and all. COVID-XX and
enables create Our focus grow driving allowed to us thrive, that on culture inclusion collaboration, employee a our and each to and has innovation, success.
impact also and our communities. customers on We have significant a made
of Ukraine. respond the for enabling We Defense, them to in crisis logistics the Ministry rapidly to have UK transformed
We more reliable US have utilities throughout build XXX driven than across a government resilient, innovation electric sustainable IT and grid. helped more the and
service. enabled Defense and cost veterans our have modernized the Department and get on the schedule, they through of We their healthcare on across disability benefits information earned management to have
worked we our difference opioid in lives with and stigmas challenges, mental remove many. the of addiction a positive health to And have associated confront communities making in
the talent are this unwavering company's strength contributions, not where of our force is our prosperity I today. would is behind confident, continued The of team. team the growth place, employees future. Without the am exceptional poised be we we their undoubtably driving in Leidos our leadership with in for incredible and
person company employees, customers, tenure shareholders. the rewarding I of Tom is I for the be I that a Tom to out place he will at months, am future. role, I'm foundation Bell the Leidos, worked my into past and welcome right suppliers, transition to and With our CEO in lead the I this with convinced believe over great excited to Tom's position. have As
I during my you me showed by to It thank tenure. saying confidence your will each been honor in end you've of of an you Thank has for you. lifetime. a
