Roger Krone, chairman and CEO of Leidos, has said his company’s impending merger with Lockheed Martin's information systems and global solutions business is part of Leidos' goal to pursue other market opportunities and expand its client base in an interview with Forbes posted Wednesday.
“[W]e will use this transaction as an opportunity to redefine our swim lanes “” not walking away from our current businesses, but maybe adding more verticals,“ Krone told Forbes contributor Loren Thompson in an interview.
In January, Leidos agreed to merge with Lockheed's IS&GS business through a $5 billion Reverse Morris Trust transaction.
Krone, an inductee into Executive Mosaic's Wash100 for 2016, noted Leidos aims to help diversify its range of clients in the civil government market and provide what he called “cost leadership“ on the prices of its service offerings.
The deal would also help Leidos capture more international sales opportunities particularly in the U.K., Australia and the Middle East, Krone told Thompson.
Krone told Thompson that he intends to identify an appropriate cultural balance as Leidos works to integrate Lockheed employees with the company.