TYSONS CORNER, VA, April 6, 2020 — Roger Krone, chairman and CEO of Leidos (NYSE: LDOS) and a recipient of the 2020 Wash100 award, believes that the company will continue to grow regardless of current events, ExecutiveBiz reported March 19.
He said in an interview that security is not directly correlated to air travel, referring to the company’s recent decision to buy L3Harris Technologies’ (NYSE: LHX) security detection and automation segments, Inside Defense reported March 18.
“We like the business because we thought long-term it was a good growth business,” Krone noted.
Leidos agreed to acquire the business units for $1B and said it expects to finalize the transaction in June.
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. www.executivemosaic.com