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Leidos’ Roger Krone: Gibbs & Cox Deal Would Extend Maritime Business Operations, Services

Roger Krone Chairman
Roger Krone, Chairman, CEO, Leidos

TYSONS CORNER, VA, March 4, 2021 — Roger Krone, chairman and CEO of Leidos (NYSE: LDOS), told analysts in a conference call that the company's move to acquire Gibbs & Cox aims to add a pipeline of marine engineering and naval architecture services to the existing maritime business, GovCon Wire reported Feb. 24

Krone, a 2021 Wash100 Award recipient, said during the Feb. 23 earnings call he expects the pending $380 million cash acquisition of Gibbs & Cox and the recently completed $215 million purchase of 1901 Group to be accretive to Leidos' non-GAAP earnings per share immediately.

Leidos saw its revenue grow 10.1 percent to $3.25 billion for its fiscal 2020 fourth quarter while revenue for the year rose 10.8 percent to $12.30 billion.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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