Leidos’ Roger Krone: Gibbs & Cox Deal Would Extend Maritime Business Operations, Services

Leidos’ Roger Krone: Gibbs & Cox Deal Would Extend Maritime Business Operations, Services
Roger Krone Chairman

TYSONS CORNER, VA, March 4, 2021 “” Roger Krone, chairman and CEO of Leidos (NYSE: LDOS), told analysts in a conference call that the company's move to acquire Gibbs & Cox aims to add a pipeline of marine engineering and naval architecture services to the existing maritime business, GovCon Wire reported Feb. 24

Krone, a 2021 Wash100 Award recipient, said during the Feb. 23 earnings call he expects the pending $380 million cash acquisition of Gibbs & Cox and the recently completed $215 million purchase of 1901 Group to be accretive to Leidos' non-GAAP earnings per share immediately.

Leidos saw its revenue grow 10.1 percent to $3.25 billion for its fiscal 2020 fourth quarter while revenue for the year rose 10.8 percent to $12.30 billion.

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