Forbes: Roger Krone Kicks Off Town Hall Meetings Ahead of Leidos-Lockheed IS&GS Merger

Roger Krone
Roger Krone

Roger Krone, chairman and CEO of Leidos, has begun to conduct town hall” meetings to brief approximately 16,000 employees of Lockheed Martin's information systems and global solutions business about IS&GS' impending merger with Leidos, Forbes reported Friday.

Loren Thompson writes such efforts by Krone, an inductee into Executive Mosaic‘s Wash100 for 2016, aim to explain his company’s strategy behind the combination and intended work environment once Leidos and the Lockheed IS&GS segment become one organization.

Leidos agreed to merge with Lockheed's IS&GS business in January through a $5 billion Reverse Morris Trust transaction.

The transaction scheduled to close by the third quarter of 2016 aims to expand Leidos into such areas as software development, network operations, air traffic management and intelligence analysis.

Leidos expects the merger to generate approximately $10 billion in annual sales with 55 percent of revenues from customers in the national security market and 45 percent from commercial and civil sector clients, according to the report.

You may also be interested in...

U.S. Army

Army Taps Five Contractors for Military Munitions Response Program Activities

The U.S. Army has selected an AECOM subsidiary, Parsons' government services business, the Jacobs USAE joint venture, HydroGeologic and Aptim's federal arm to compete for orders under a $49 million contract in support of a Department of Defense program for addressing munitions-related concerns.

Huntington Ingalls Industries

HII Enters Fabrication Phase of ‘Friedman’ National Security Cutter

Huntington Ingalls Industries’ shipbuilding division has cut the first 100 tons of steel needed to build the U.S. Coast Guard’s national security cutter Friedman. This Legend-class vessel is designated as NSC 11 and named after Elizebeth Smith Friedman, a code breaker who solved coded messages for the Coast Guard during the Prohibition era, HII said Tuesday. 

Aerojet Rocketdyne

Aerojet Rocketdyne Wraps Up Hot Fire Tesing of New RL10C-X Space Rocket Engine

Aerojet Rocketdyne has concluded a series of hot fire tests with the 3D printed RL10C-X engine, which is designed to generate 24,000 pounds of thrust for space rockets. The company said Tuesday it tested RL10C-X in a flight-like configuration to showcase its long-duration endurance and full mission capability.