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v3.23.1

Revenue (Tables) | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Remaining Performance Obligation | Performance obligations as of March 31, 2023 and December 31, 2022 are presented in the following table:
|  | March 31, |  | December 31,
(In millions) |  | 2023 |  | 2022
Performance Obligations |  | $ | 3,425 |  |  | $ | 2,997 |
Disaggregation of Revenue | The following tables present various revenue disaggregations. Revenue by contract type for the three months ended March 31, 2023 and April 1, 2022 is as follows:
|  | Three Months Ended |  |
|  | March 31, |  | April 1, |  | % |  |  |  |  |  |
(In thousands) |  | 2023 |  | 2022 |  | Change |  |  |  |  |  |
Cost-plus and cost-reimbursable |  | $ | 523,030 |  |  | $ | 311,094 |  |  | 68.1 | % |  |  |  |  |  |
Firm-fixed-price |  | 385,112 |  |  | 128,004 |  |  | 200.9 | % |  |  |  |  |  |
Time-and-materials |  | 35,318 |  |  | 17,373 |  |  | 103.3 | % |  |  |  |  |  |
Total revenue |  | $ | 943,460 |  |  | $ | 456,471 |  |  |  |  |  |  |  |  |
Revenue by geographic region in which the contract is performed for the three months ended March 31, 2023 and April 1, 2022 is as follows:
|  | Three Months Ended |  |
|  | March 31, |  | April 1, |  | % |  |  |  |  |  |
(In thousands) |  | 2023 |  | 2022 |  | Change |  |  |  |  |  |
United States |  | $ | 548,770 |  |  | $ | 167,980 |  |  | 226.7 | % |  |  |  |  |  |
Middle East |  | 281,121 |  |  | 235,754 |  |  | 19.2 | % |  |  |  |  |  |
Asia |  | 64,317 |  |  | 16,206 |  |  | 296.9 | % |  |  |  |  |  |
Europe |  | 49,252 |  |  | 36,531 |  |  | 34.8 | % |  |  |  |  |  |
Total revenue |  | $ | 943,460 |  |  | $ | 456,471 |  |  |  |  |  |  |  |  |
Revenue by contract relationship for the three months ended March 31, 2023 and April 1, 2022 is as follows:
|  | Three Months Ended |  |
|  | March 31, |  | April 1, |  | % |  |  |  |  |  |
(In thousands) |  | 2023 |  | 2022 |  | Change |  |  |  |  |  |
Prime contractor |  | $ | 879,179 |  |  | $ | 427,093 |  |  | 105.9 | % |  |  |  |  |  |
Subcontractor |  | 64,281 |  |  | 29,378 |  |  | 118.8 | % |  |  |  |  |  |
Total revenue |  | $ | 943,460 |  |  | $ | 456,471 |  |  |  |  |  |  |  |  |
Revenue by customer for the three months ended March 31, 2023 and April 1, 2022 is as follows:
|  | Three Months Ended |  |
|  | March 31, |  | April 1, |  | % |  |  |  |  |  |
(In thousands) |  | 2023 |  | 2022 |  | Change |  |  |  |  |  |
Army |  | $ | 390,503 |  |  | $ | 280,113 |  |  | 39.4 | % |  |  |  |  |  |
Navy |  | 292,690 |  |  | 75,217 |  |  | 289.1 | % |  |  |  |  |  |
Air Force |  | 129,981 |  |  | 61,474 |  |  | 111.4 | % |  |  |  |  |  |
Other |  | 130,286 |  |  | 39,667 |  |  | 228.4 | % |  |  |  |  |  |
Total revenue |  | $ | 943,460 |  |  | $ | 456,471 |  |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 + Details
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