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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 29, 2025
Dec. 29, 2024
Current assets:    
Cash and cash equivalents $ 783.6 $ 329.3
Accounts receivable, net 142.2 117.5
Unbilled receivables, net 256.6 206.3
Inventoried costs, net 177.8 162.1
Prepaid expenses 14.5 18.0
Other current assets 54.2 38.9
Total current assets 1,428.9 872.1
Property, plant and equipment, net 311.8 288.2
Operating lease right-of-use assets, net 40.6 37.6
Goodwill 598.8 568.9
Intangible assets, net 58.9 53.8
Other assets 146.7 130.3
Total assets 2,585.7 1,950.9
Current liabilities:    
Accounts payable 97.6 82.0
Accrued expenses 48.4 38.8
Accrued compensation 71.7 71.9
Billings in excess of costs and earnings on uncompleted contracts 77.3 76.3
Current portion of operating lease liabilities 11.9 11.3
Current portion of finance lease liabilities 2.1 1.9
Other current liabilities 13.4 14.5
Total current liabilities 322.4 296.7
Long-term debt, net of current portion 169.8 174.6
Operating lease liabilities, net of current portion 32.2 29.8
Finance lease liabilities, net of current portion 63.3 64.4
Other long-term liabilities 38.0 32.2
Total liabilities 625.7 597.7
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding at June 29, 2025 and December 29, 2024 0.0 0.0
Common stock, $0.001 par value, 195,000,000 shares authorized; 168,555,887 and 151,092,292 shares issued and outstanding at June 29, 2025 and December 29, 2024, respectively 0.2 0.2
Additional paid-in capital 2,613.5 2,017.4
Accumulated other comprehensive income (loss) 2.8 (0.5)
Accumulated deficit (656.5) (663.9)
Total stockholders’ equity 1,960.0 1,353.2
Total liabilities and stockholders’ equity $ 2,585.7 $ 1,950.9