LEIDOS, INC.

# Leidos, Inc. Vendor Assessment

## Executive Summary

Leidos maintains a substantial federal contracting presence with $97.7B in total obligated value across 1,000 awards, demonstrating significant scale and market penetration. However, the vendor faces notable concentration risks that warrant strategic attention.

## Key Risk Metrics

Agency Concentration Risk: Leidos exhibits moderate-to-high dependency on the Department of Defense, which represents 32% of total obligated value ($31.4B) across 617 awards. While the vendor serves 10 agencies, the top two agencies (DoD and Department of Transportation) account for approximately 63% of total value, indicating substantial revenue concentration.

Contract Expiry Exposure: The $16.1B in obligated value expiring within 18 months represents approximately 16.5% of the total portfolio, presenting significant renewal risk. This exposure requires proactive rebid strategy and relationship management to maintain revenue continuity.

NAICS Diversification: Leidos demonstrates strong diversification across 10 NAICS codes, with primary focus on information technology services. Computer Systems Design Services (541512) dominates with 274 awards, while engineering and facilities management services provide complementary revenue streams. This diversification mitigates sector-specific risk.

## Strategic Outlook

Leidos should prioritize contract renewal efforts for the $16.1B expiring portfolio while leveraging its DoD relationships to expand within the Department of Transportation and NASA accounts. The vendor's IT service concentration positions it well for federal digital transformation initiatives, though continued NAICS expansion into emerging technology areas would strengthen competitive positioning and reduce single-sector vulnerability.