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.
Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships.
Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA.