in ,

Roger Krone: Leidos Reaches for Bigger Market Presence Through M&A Pursuits

Roger Krone chairman and CEO of Leidos
Roger Krone, chairman and CEO of, Leidos

TYSONS CORNER, VA, February 24, 2021 — 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.

“I think we are OK with overall corporate size, but there are clearly markets where we would like to have a bigger presence,” 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.

About Executive Mosaic

Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships.

Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA.

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News


Written by Christine Thropp

oversees day-to-day content production for ExecutiveBiz, a publication under Executive Mosaic's media group covering government contracting industry news. She also writes about executive movements and commentaries, M&A activities, contract awards and technology and service offerings of medium-sized businesses and other GovCon companies. Prior to assuming her current responsibilities with EBiz, Thropp produced daily competitive intelligence briefings for the company's GovCon customers.

ScienceLogic Announces $105M in Series E Funding to Develop AI, Cloud-Based Monitoring Technologies
General Atomics, GKN Aerospace Form Partnership for MQ-9B Aircraft V-Tail Production