Leidos — May 5, 2026 release

Financing activities were driven by proceeds of $1.4 billion in senior notes and $300 million in commercial paper to finance the Entrust acquisition, as well as $298 million returned to shareholders, including $243 million in share repurchases and $55 million as part of a regular quarterly cash dividend program. As of April 3, 2026, Leidos had $457 million in cash and cash equivalents and $6.3 billion of debt. On May 1, 2026, the Leidos Board of Directors declared a cash dividend of $0.43 per share. The dividend will be payable on June 30, 2026, to stockholders of record at the close of business on June 15, 2026. NEW BUSINESS AWARDS Net bookings totaled $3.3 billion in the quarter, representing a book-to-bill ratio of 0.8. As a result, backlog at the end of the quarter was $48.4 billion, of which $9.6 billion was funded. Trailing-twelve-month book-to-bill of 1.1 resulted in year-over-over growth in total and funded backlog of 4% and 31%, respectively. Included in the quarterly bookings were several notable awards: u Mission Awareness Capabilities Ramp-up and Optimization (MACRO) II. Leidos has been awarded a five-year, $869 million MACRO II task order to develop and integrate secure, AI-enabled systems for the U.S. Army that enhance decision-making across all military domains. The program focuses on transforming large volumes of data into actionable insights, enabling faster and more effective battlefield decisions. This award aligns with Leidos’ NorthStar 2030 strategy, reinforcing its role in advancing digital modernization and mission software capabilities for multi-domain operations. u Global Solutions Management-Operations (GSM-O) II Task Orders. The Defense Information