Christopher Barbero's questions to Leidos Holdings Inc (LDOS) leadership • Q3 2024
Question
Christopher Barbero, on for Seth Seifman, asked about any notable factors that have been weighing on National Security and Digital growth and the pathway to accelerate growth in that segment.
Answer
CFO Chris Cage identified shifting budgets within the intelligence community toward great power competition and challenges in placing cleared personnel as headwinds. He said future growth will be catalyzed by key wins, the resolution of protests, and continued progress in digital modernization. CEO Thomas Bell added that relatively flat customer budgets, when accounting for inflation, create a challenging top-line environment for the intelligence community.