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Roger Krone: Leidos Will Continue Security Business Expansion Activities

Jeff Brody
Roger Krone

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.

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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.

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