LEIDOS, INC.

# Vendor Assessment: LEIDOS, INC.

## Agency Concentration Analysis

Leidos demonstrates moderate concentration risk with 31% of total contract value ($32.7B) tied to the Department of Defense across 617 awards. However, the company maintains a concerning secondary concentration with the Department of Transportation representing 29% of obligations ($29.9B) from only 34 awards, indicating reliance on several large-scale programs. Combined, these two agencies account for 60% of total contract value, creating significant dependency on federal transportation and defense budgets. The remaining portfolio is distributed across eight agencies, with GSA ($9.7B) and HHS ($5.9B) providing modest diversification.

## Contract Expiry Exposure

Leidos faces substantial near-term risk with $19.3B in contracts expiring within 18 months, representing 18% of total obligated value. This exposure rate suggests aggressive recompete requirements ahead, particularly given the likely concentration of these expirations within DoD and DOT portfolios.

## NAICS Diversification

The vendor operates across 10 NAICS codes but shows heavy concentration in computer systems and IT services. NAICS 541512 (Computer Systems Design Services) dominates with 321 awards, while related IT service codes (541519, 541513, 541511) comprise the majority of remaining work. Engineering services (541330) provides limited diversification with only 50 awards.

## Strategic Outlook

Leidos maintains a strong federal position but faces recompete pressure and agency concentration challenges requiring proactive business development across its existing agency footprint.