Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

Leidos’ Gerry Fasano: DoD Acquisition Pace Quickens With Funding Boost

Jeff Brody
Gerry Fasano

Gerry Fasano, president of Leidos‘ (NYSE: LDOS) defense group and a 2020 Wash100 award winner, told Government Matters in a video interview posted Tuesday about the Department of Defense’s focus on speed of acquisition and its impact on government contracting.

“We hear from service acquisition executives the need for speed. … We see the pace of government, it’s clear that it’s quickening and that quickening pace is reflected in the budget. 2019 was a very strong budget year … and 2020 is an extension of that and with that strong budgets, we had seen an explosion in contracting.”

When asked about the company’s efforts to facilitate that need for speed, Fasano cited the importance of investment. He said having more budget visibility provides the company an opportunity to invest in several areas.

“We see the National Defense Strategy is reflected in the budget so it’s much easier of a business case for us … to invest in those key areas that customers are asking. We’ve done that in the maritime domain, … new acoustic sensors. We did the same thing in the airborne domain, lots of investments in AI/ML and our software factors,” he added.

The Department of the Navy awarded Leidos the potential eight-year, $7.7B Next Generation Enterprise Network Recompete contract for base network services in early February and Fasano talked about how the service helped create an environment for offerors to bring innovation through their proposals.

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Contract Awards

Related Articles