Revenue (Tables)

9 Months Ended

Sep. 27, 2024

Revenue from Contract with Customer [Abstract]

Remaining Performance Obligation

Remaining performance obligations are presented in the following table:

	September 27,		December 31,
(In millions)	2024		2023
Performance Obligations	$	4,033	$	3,629

Disaggregation of Revenue

The following tables present various revenue disaggregations.

Revenue by contract type is as follows:

	Three Months Ended						Nine Months Ended
	September 27,		September 29,		%		September 27,		September 29,		%
(In thousands)	2024		2023		Change		2024		2023		Change
Cost-plus and cost-reimbursable	$	649,925	$	570,402	13.9	%	$	1,850,584	$	1,589,619	16.4	%
Firm-fixed-price	403,132		402,219		0.2	%	1,229,565		1,237,110		(0.6)	%
Time-and-materials	28,599		28,886		(1.0)	%	84,254		96,090		(12.3)	%
Total revenue	$	1,081,656	$	1,001,507			$	3,164,403	$	2,922,819

Revenue by geographic region in which the contract is performed is as follows:

	Three Months Ended						Nine Months Ended
	September 27,		September 29,		%		September 27,		September 29,		%
(In thousands)	2024		2023		Change		2024		2023		Change
United States	$	604,872	$	571,405	5.9	%	$	1,728,480	$	1,698,689	1.8	%
Middle East	346,527		305,918		13.3	%	1,050,888		866,122		21.3	%
Asia	82,907		63,259		31.1	%	236,371		193,109		22.4	%
Europe	47,350		60,925		(22.3)	%	148,664		164,899		(9.8)	%
Total revenue	$	1,081,656	$	1,001,507			$	3,164,403	$	2,922,819

Revenue by contract relationship is as follows:

	Three Months Ended						Nine Months Ended
	September 27,		September 29,		%		September 27,		September 29,		%
(In thousands)	2024		2023		Change		2024		2023		Change
Prime contractor	$	1,021,497	$	945,669	8.0	%	$	2,972,773	$	2,740,908	8.5	%
Subcontractor	60,159		55,838		7.7	%	191,630		181,911		5.3	%
Total revenue	$	1,081,656	$	1,001,507			$	3,164,403	$	2,922,819

Revenue by customer is as follows:

	Three Months Ended						Nine Months Ended
	September 27,		September 29,		%		September 27,		September 29,		%
(In thousands)	2024		2023		Change		2024		2023		Change
Army	$	455,877	$	412,841	10.4	%	$	1,345,997	$	1,196,843	12.5	%
Navy	366,217		311,088		17.7	%	1,037,425		896,976		15.7	%
Air Force	121,863		134,728		(9.5)	%	367,899		418,710		(12.1)	%
Other	137,699		142,850		(3.6)	%	413,082		410,290		0.7	%
Total revenue	$	1,081,656	$	1,001,507			$	3,164,403	$	2,922,819