Operator: [Operator Instructions]. This question comes from the line of Alex Henderson with Needham.
Alex Henderson: I was hoping you could talk about, what is in the contracts, a little bit. Is it Xacta? Is it AMHS? What’s going on within the mix of what you are trying to sell to these customers? And I was hoping you could give us any update on the goes to while you are at it.
John Wood: Hi, Alex. This is John. So broadly speaking, the vast majority of everything we are bidding on is inside of our Security Solutions segment. And it’s a combination of different capabilities that we deliver from cybersecurity services to identity applications, you know, those are the kind of things that we’re focusing on these days, which we think has a, which we think we’re well positioned for. And, you know, ghost, we see as becoming more of a feature of some of the capabilities that we have out there where we’re able to, you know, hide what we’re doing, if you will, from people that are interested in finding out what we’re up to. So I would say the vast majority of everything we’re doing is security solutions.
Alex Henderson: So no mention of XACT in that,
John Wood: No XACT would be a component as well. So anytime we can and Alex, and I think I’ve said this previously, anytime we can, we’re going to be bundling our security solutions together, which gives us, you know, a differentiated offering to our customers.
Operator: Thank you. One moment for our next question. This question comes on the line of Nehal Chokshi with Northland Capital Markets.
Nehal Chokshi: Yes, thank you and congratulations on the second straight quarter, and raise and as well as from TSA initial ramp here. My question is on the initial view on CY ‘24, especially the swings of those two contracts. In order for them to contribute up to a hundred million dollars in calendar ‘24, what would be the presumption of those contract start times?
John Wood: Start time would be around Q1, late Q1. Late Q1, early Q2, Nehal.
Nehal Chokshi: Okay. And, and when you say an 115 million of total of calendar ‘24 revenue contribution from the various contracts are up and then 610 million of total contract value, that implies you’re basically talking about average five year duration for these contracts that are in their mature phase of the pipeline.
John Wood: I think that’s fair. However, when you look at our complete pipeline, our complete pipeline is well in excess of $3 billion and that pipeline can range from a couple years to 10-year kind of contracts.
Nehal Chokshi: Okay. Within that pipeline, the remaining 2.4 billion, how much of that do you think will be awarded sometime in calendar ‘24 that could start to ramp within calendar ‘25?
John Wood: I don’t know that off the top of my, of my head. Do you know that off the top of your head?
Mark Bendza: I don’t know that answer off the top of my head. I would say that the what we’re giving you in terms of the dollars of $600 million, those have been submitted and those are pending award. So we’re giving you what, if you will, the tail end of the pipeline. There will be a continuous input of additional opportunities into the pipeline each quarter. So I would expect that that pipeline to continue to mature and as it matures, you know, we’ll continue to update the market.
Operator: Thank you. I’m showing no further questions at this time and would now like to turn the call back to John Wood for closing remarks.
