Boeing Vet Roger Krone to Join Leidos as CEO; John Jumper to Remain Chairman

Roger Krone
Roger Krone Roger Krone, president of the network and space systems business unit at Boeing (NYSE: BA) for nearly six years, will join Leidos (NYSE: LDOS) as CEO on July 14 to succeed the retiring John Jumper, Leidos said Tuesday. This announcement comes nearly five months after Jumper announced his plans to retire from the chief executive role after nearly two years in the post at Leidos, which includes...

John Jumper to Retire as Leidos CEO; Lawrence Nussdorf Comments

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John jumper John Jumper, chairman and CEO of Leidos (NYSE: LDOS) for nearly two years, plans to retire from the chief executive role when the board of directors appoints his successor. The former Air Force chief of staff will continue to serve as chairman of the board, which he has been a member of since 2007 and chaired since 2012, Leidos said Tuesday. “We look forward to his continued service...

Leidos to Take Over Connecticut Biomass Project; John Jumper Comments

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Leidos Holdings (NYSE: LDOS) has agreed to take full control of a biomass power plant being built in Plainfield, Conn. through a consensual foreclosure process. The 37.5-megawatt facility is expected to generate electricity for 37,000 households and is scheduled for completion by the end of this year and was announced last January, Leidos said Tuesday. “We’ve reached this agreement in an...

GovCon Wire Watches SAIC as Company Prepares for Split

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One of the most significant developments in the GovCon sector of recent memory occurred in August 2012, when Science Applications International Corp. (NYSE: SAI) announced its intention to split into two independent, publicly-traded companies sometime in SAIC’s 2014 fiscal year. The ramifications of the plan are still to be fully determined and some details still are being ironed out, but SAIC...

Lou Von Thaer Joins SAIC as Natl Security Sector Lead; John Jumper Comments

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Lou Von Thaer Lou Von Thaer, president of General Dynamics‘ (NYSE: GD) advanced information systems business unit since 2005, has joined Science Applications International Corp. (NYSE: SAI) as president of its national security sector. The appointment is effective June 6 and Von Thaer will lead a business that will become part of Leidos, one of two independent companies SAIC is splitting into,...

SAIC FY 2013 Revenue Up 6%, Board Approves Special $1 Dividend; John Jumper Comments

John Jumper Science Applications International Corp. (NYSE: SAI) has announced financial results for its fourth quarter and full 2013 fiscal year, ended Jan. 31, 2013. Fourth quarter revenue rose 10 percent year-over-year, going from $2.47 billion in the prior year period to $2.71 billion. For fiscal 2013, the company reported a 6 percent revenue increase to $11.17 billion over the $10.5 billion reported...

GovCon Wire Tracks The Latest Industry Deals, Remakings

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The mission of Government Contracting Wire, the long-form name of what readers know as GovCon Wire, is to give readers the latest up-to-the-minute information on business activity of the sector’s largest firms. GovCon Wire keeps readers abreast of the latest mergers and acquisitions in the GovCon space and gives readers the executive’s perspective on their companies’ strategies for...

SAIC Keeping Name For Planned IT, Services Company; Stu Shea, Tony Moraco Comment

The other business focused in national security, health and engineering will take on the name “Leidos,” intended to reflect how the company brings together ideas from different angles and representing a kaleidoscope, SAIC said Monday. Tony Moraco will serve as CEO of SAIC and John Jumper will lead Leidos as chairman and chief executive. Stu Shea, SAIC chief operating officer, will serve...

SAIC Names Brian Keenan, Sarah Allen HR Leads for New Companies; John Jumper Comments

Brian Keenan Science Applications International Corp. (NYSE: SAI) announced Thursday another set of executive appointments for the two independent businesses it is forming, nearly a month after announcing the chief executives and other leaders. John Jumper Brian Keenan, currently SAIC’s executive vice president for human resources, will lead that function at the company focused on government...

SAIC 3Q Revenue Up 3%, Health Segment Up 2%; John Jumper Comments

John Jumper Science Applications International Corp. (NYSE: SAI) has announced financial results for its third quarter of fiscal year 2013, ended Oct. 31, 2012. The McLean, Va.-based defense contractor reported a 3 percent revenue increase from the prior year period, recording $2.87 billion for the most recent quarter compared to $2.79 billion in the third quarter for fiscal 2011. Revenue for the company’s...