Leidos Chairman and CEO Roger Krone Discusses Leidos’ Recent Merger and Driving Innovation in the Government Market at October 13 Titans Event
Almost 400 members of the region's technology community came together on October 13 at The Ritz-Carlton, Tysons Corner for a Titans breakfast featuring Roger Krone, Chairman and CEO of Leidos, a Fortune 500 global company serving the defense, intelligence, homeland security, civil and health markets.
In opening, Krone discussed Leidos’ recent merger with Lockheed Martin Information Systems and Global Services, sharing how the merger has enabled Leidos to improve its market position, diversify its portfolio, expand scale and increase operations efficiency. Krone outlined four principles that are key to the success of any M&A deal: Know your business and address any weaknesses before entering a deal; dedicate a team of trusted leaders to manage the deal; seek outside counsel so you’re not operating in the dark; and never lose focus on the strength of your employees. He also highlighted how the merger has helped Leidos drive new innovation investments and client capabilities in enterprise IT modernization and cloud computing, forecasting cybersecurity threats through the use of sensors, and optimizing transportation and aviation security through advancements in unmanned vehicles and vessels.
Krone went on to stress how people are central to Leidos’ business and shared how the recent merger and focus on mission have made the company more attractive to potential employees. Krone noted that, in 2017 alone, Leidos will hire over 6,000 new employees in IT, cybersecurity, data analytics and engineering. Leidos is also tapping into the Veteran talent pool to boost its workforce; over 20 percent of the Leidos workforce is Veterans.
During a Q&A session with the audience, Krone gave additional perspective into Leidos’ merger, calling for amplified transparency, strong leadership from an organization’s board of directors and engaging staff in the process. He also shared how Leidos organized the new combined company based on customer focus, rather than capabilities, and argued for the importance of setting the tone at the top and engaging executives from both companies in the new company’s leadership.