Roger Krone Notes Major Program Wins, Acquisitions as FY 2019 Earnings Report Shows Growth

Roger Krone
Roger Krone

TYSONS CORNER, VA, February 27, 2020 “” Roger Krone, chairman and CEO at Leidos (NYSE: LDOS) and a 2020 Wash100 winner, told CNBC in an interview the company looks to carry momentum from a pair of signficant acquisitions and government contract awards into its new fiscal year, GovCon Wire reported Feb. 19.

He spoke to CNBC's "Squawk Alley" program host Morgan Brennan about the $6.5B Global Solutions Management““Operations II contract and the $7.7B Next Generation Enterprise Network services recompete won by the Reston, Va.-based company.

Krone also highlighted Leidos' completion of its $1.65B cash deal for Dynetics and agreement to acquire security detection and automation businesses from L3Harris Technologies (NYSE: LHX) for $1B.

“Those haven't been absorbed yet,“ he said. “We still have a lot of growth and a lot of momentum that's going to carry us into 2020.“

The company reported its FY 2019 revenue grew 8.8 percent to $11.1B and operating income hit $912M, compared with $749M in the year-ago period.

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