TYSONS CORNER, VA, February 24, 2021 â€” Roger Krone, chairman and CEO of Leidos (NYSE: LDOS) and a 2021 Wash100 Award recipient, shared his views about pursuing complementary merger and acquisition deals and competing for big government information technology contracts in the current federal market landscape, GovCon Wire reported Feb. 16.
â€œI think we are OK with overall corporate size, but there are clearly markets where we would like to have a bigger presence,â€ Krone said during the virtual Cowen Aerospace/Defense & Industrials Conference.
Leidos acquired Dynetics for $1.65 billion and the security detection and automation businesses of L3Harris Technologies (NYSE: LXH) for $1 billion through separate cash transactions last year. In January, Leidos closed its $215 million purchase of cloud services provider 1901 Group.
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