Leidos CEO Roger Krone Chosen to 2016 Wash100 for Growth Strategy, Financial Performance Leadership

Roger Krone

Executive Mosaic is glad to announce Leidos Holdings (NYSE: LDOS) CEO Roger Krone, who is a three-time selection, as the newest inductee into the 2016 edition of the Wash100 — Executive Mosaic’s annual selection of the most influential voices in the government contracting arena.

2015 was an active period for the Reston, Va.-based government services contractor in Krone’s first full calendar year as CEO and Leidos’ second since the 2013 division of the former Science Applications International Corp. into the companies now known as Leidos and SAIC.

Leidos’ most significant move in 2015 came in the form of its deal to merge with the government services businesses of Lockheed Martin (NYSE: LMT) in a Reverse Morris Trust transaction with an estimated $5 billion enterprise value for the latter company’s shareholders.

Upon closure, this merger creates the government services industry’s largest company by annual forecasted revenue as Leidos expects the combined entity to record nearly $10 billion in sales per year, which the company’s investor slides say is more than double the amount of the two closest competitors.

“This transaction is the type of event that is often sought after but rarely found,” Krone told investors in a subsequent call to discuss the deal.

“Adding IS&GS to Leidos brings together technical capabilities and customer relationships across defense, civilian, government, health, intelligence and cyber markets.”

Krone and Leidos Chief Financial Officer James Reagan will continue in their current roles at the combined company after the merger completes.

The company also scored a landmark contract win in July when the Defense Department selected a Leidos-led team with Accenture (NYSE: ACN) and Cerner (Nasdaq: CERN) over two other groups to integrate a commercial electronic health records system for the military.

DoD has projected the cost of the Defense Healthcare Management System Modernization program to total around $9 billion over 10 years.

“We’re buying Cerner’s EHR system, Henry Schein’s Dental System and Accenture is helping us do training and deployment,” Krone told investors during the company’s third quarter earnings call.

Shares in Leidos jumped 5 percent the afternoon DoD announced the DHMSM award as reports surfaced of the company’s selection in late trade.

Leidos — which operates its fiscal year on a calendar basis — posted earnings per share that exceeded the consensus Wall Street expectation for its first and third quarters in 2015 and equaled analyst forecasts for the second quarter, with revenue even compared to the consensus outlook in all three quarters.

In its third quarter statement, the company raised its 2015 guidance for earnings per share to a range of $2.65-to-$2.80 from the previous outlook of $2.40-to-$2.60 and lifted revenue forecasts to $4.95 billion-to-$5.1 billion from the prior $4.80 billion-to-$5 billion.

Shares in Leidos rose 35 percent in 2015 and the company will release its full 2015 and fourth quarter financial results Feb. 18 with guidance for 2016.

Krone joined Leidos as chief executive in July 2014 after six years as head of Boeing‘s network and space systems unit.

Executive Mosaic congratulates Roger Krone and the Leidos team for their selection to receive this award.

About The Wash100

This year represents our fifth annual Wash100 award selection. The Wash100 is the premier group of private and public sector leaders selected by Executive Mosaic's organizational and editorial leadership as the most influential leaders in the GovCon sector. These leaders demonstrate skills in leadership, innovation, achievement, and vision.

Related Media

Media Published
Leidos CEO Roger Krone Gets AUSA’s 2018 John W. Dixon Award 10/08/2018
Gerry Fasano Named Leidos Defense Group President; Roger Krone Quoted 09/28/2018
Larry Prior: GovCon Industry Could See ‘Another Wave of Consolidation’ 08/20/2018
Leidos Board Adds Former EY Partner Robert Kovarik as Member; Roger Krone Comments 06/14/2018
Leidos Wins Cogswell Industrial Security Award; Roger Krone Comments 06/12/2018
Former EY Partner Robert Kovarik Appointed to Leidos Board; Roger Krone Comments 06/08/2018
Leidos Corporate Security Office Receives Cogswell Award; Roger Krone Comments 06/07/2018
Leidos Climbs in 2018 Fortune 500 Ranking; Roger Krone Comments 06/05/2018
Leidos Named to 2018 Fortune 500 List; Roger Krone Comments 05/30/2018
Leidos Included in 2018 List of America’s Best Employers; Roger Krone Comments 05/24/2018
Leidos Named to Forbes’ 2018 America’s Best Employers List; Roger Krone Comments 05/15/2018
John Jumper to Depart Leidos Board of Directors: Roger Krone Comments 02/22/2018
Leidos CEO Roger Krone Selected to 2018 Wash100 for his Leadership in Developing Customer Focused Technological Solutions 02/13/2018
Leidos Named to Ethisphere’s ‘Most Ethical Companies’ List; Roger Krone Comments 02/12/2018
Leidos Forms Industry Team to Chase Navy NGEN Recompete Contract; Roger Krone Comments 02/05/2018
Leidos to Combine Operations Into New Reston, VA HQ; Roger Krone Comments 01/31/2018
Leidos Added to Bloomberg’s 2018 Gender Equality Index, Roger Krone Comments 01/24/2018
Thomson Reuters Includes Leidos on Top 100 Tech Companies List; Roger Krone Comments 01/18/2018
Forbes, Just Capital Recognize Leidos on Best Corporate Citizens List; Roger Krone Comments 01/16/2018
Leidos Employees to Get Awards at BEYA Conference; Roger Krone Comments 01/11/2018
Matt Wiles Promoted to Leidos UK CEO; Roger Krone Comments 01/04/2018
12 Leidos Employees to Accept Awards at 32nd BEYA STEM Conference; Roger Krone Comments 01/04/2018
Leidos Recognized in Newsweek’s Annual Green Rankings List; Roger Krone Comments 12/19/2017
A&D Trade Group Asks Congress to Finalize FY 2018 Spending Bill, Address Budget Caps 12/07/2017
Aerospace Industries Association Unveils 2018 Board of Governors Members 12/05/2017
UMD’s New Bioengineering Facility Features Leidos-Sponsored Research Hub 11/14/2017
Leidos’ Roger Krone: Georgia Tech Engineered Biosystems Facility to Seek Chronic Disease Treatments 10/25/2017
Leidos’ Roger Krone Calls on CEOs to Support Fight Against Opioid Abuse 10/17/2017
Roger Krone Shares Insights on Leidos-Lockheed IS&GS Merger at NVTC Titans Event 10/17/2017
Leidos’ Roger Krone Calls on CEOs to Support Fight Against Opioid Abuse 10/16/2017
Leidos’ Roger Krone Wins CR Magazine’s 2017 Responsible CEO of the Year Award 10/16/2017
Leidos’ Roger Krone to Talk Innovation, Gov’t Market Trends at Oct. 13 Event 10/03/2017
Roger Krone to Discuss Leidos' Opioid Awareness Campaign at COMMIT!Forum 09/27/2017
Leidos’ Roger Krone to Headline NVTC Titans Series Event 09/26/2017
Leidos a Sponsor of Marine Corps Marathon in October; Roger Krone Comments 09/05/2017
Leidos to Support Marine Corps Marathon as Presenting Sponsor; Roger Krone Comments 09/01/2017
Roger Krone: Leidos Partners With Nonprofits, Gov’t to Drive Community Efforts Amid Opioid Crisis 08/23/2017
Leidos CEO Roger Krone Backs White House Effort to Halt IP Theft 08/22/2017
Roger Krone: Leidos Partners With Nonprofit Groups to Address Opioid Addiction 08/21/2017
Leidos’ Roger Krone Relays Concern Over Impact of Senior-Level Vacancies at DoD 08/17/2017
Leidos Board Adds Former DoD Acquisition Chief Frank Kendall; Roger Krone Comments 07/03/2017
Leidos CEO Roger Krone, Spouse Make Naming Gift for Georgia Tech Engineered Biosystems Building 06/30/2017
Former DoD Acquisition Chief Frank Kendall Joins Leidos Board; Roger Krone Comments 06/29/2017
Leidos Eyes Work to Integrate Commercial EHR With VA’s VistA; Roger Krone Comments 06/28/2017
Former DoD Acquisition Chief Frank Kendall Joins Leidos Board; Roger Krone Comments 06/28/2017
Georgia Tech Names Engineered Biosystems Facility After Leidos CEO Roger Krone, Spouse 06/27/2017
Roger Krone: Leidos Eyes Future VA EHR System Integration Support 06/21/2017
Jerald Howe to Succeed Vincent Maffeo as Leidos EVP, General Counsel; Roger Krone Comments 06/08/2017
Leidos Climbs in Ranking of ‘Top 50 Companies’ in 2017; Roger Krone Comments 05/22/2017
GovCon Wire’s Weekly Roundup: President Trump’s Cybersecurity Order & More 05/19/2017
Leidos Named to 2017 LinkedIn Top Companies List; Roger Krone Comments 05/19/2017
Leidos VP Nevin Carr Added to AUVSI Board; Roger Krone Comments 05/15/2017
Leidos VP Nevin Carr Joins AUVSI Board; Roger Krone Comments 05/12/2017
Roger Krone: Leidos to Complete 50% of IS&GS Integration by July 05/10/2017
Roger Krone: Leidos Could Be Halfway Through IS&GS Business Integration by July 05/09/2017
Leidos’ Roger Krone: Budget Uncertainty, Appointment Delays in Gov’t Affect Acquisition Decisions 05/09/2017
Leidos CEO Roger Krone: Slow Pace of Govt Appointments Delays Procurement Process 05/05/2017
GovConWire Weekly Roundup: M&A, Executive Moves and More 04/07/2017
Leidos Opens Logistics, Fulfillment Center for UK Defense Ministry; Roger Krone Comments 04/05/2017
Leidos, UK Defense Ministry Open Military Logistics Facility; Roger Krone Comments 04/04/2017
Leidos Civil Business President Joins Mission Support Alliance Board; Roger Krone Comments 03/30/2017
Leidos Civil Group Lead Angie Heise Joins Mission Support Alliance Board; Roger Krone Comments 03/29/2017
Roger Krone, CEO of Leidos, Inducted Into 2017 Wash100 03/27/2017
Roger Krone, Leidos CEO, Selected to 2017 Wash100 for Merger & Integration Leadership 02/21/2017
BorgWarner Appoints Leidos CEO Roger Krone to Board of Directors 02/13/2017
Leidos Employees to be Recognized at 31st Annual BEYA STEM Conference; Roger Krone Comments 02/09/2017
Leidos CEO Roger Krone Named to BorgWarner Board of Directors 02/09/2017
8 Leidos Employees to Receive Awards at 31st Annual BEYA STEM Conference; Roger Krone Comments 02/07/2017
Leidos' Roger Krone Joins Board of Governors at Aerospace Industries Association 11/22/2016
Aerospace Industries Association Appoints New Board of Governors Members for 2017 11/18/2016
Leidos to Support Army Geospatial Info Program Under Potential $777M Award; Roger Krone Comments 09/19/2016
Leidos Adds 3 New Board Members; Roger Krone Comments 08/19/2016
Leidos’ Roger Krone Discusses Change in US Leadership and its Potential Impact on Defense Spending 08/17/2016
Leidos Adds 3 Members to Board of Directors; Roger Krone Comments 08/17/2016
Leidos Included in LinkedIn’s Inaugural ‘Top Attractors’ List; Roger Krone Comments 06/28/2016
Leidos Appears on LinkedIn's Top Attractors List; Roger Krone Comments 06/24/2016
Leidos CEO Roger Krone to Lead Briefings With Employees From Lockheed IS&GS 06/23/2016
Forbes: Roger Krone Kicks Off Town Hall Meetings Ahead of Leidos-Lockheed IS&GS Merger 06/20/2016
Roger Krone: Leidos Plays a Role in ‘Offensive Cyber’ Missions 05/06/2016
Weekly Roundup April 25 - April 29 2016: Investors Give Mixed Signals on Contractor Stocks & more 04/29/2016
Roger Krone: SETA Service Contracts Minimal in Leidos-Lockheed IS&GS Combination 04/27/2016
DARPA Holds Leidos-Built Sea Hunter Christening Ceremony; Roger Krone Comments 04/13/2016
DARPA Christens Leidos-Built 'Sea Hunter' Autonomous Ship Demonstrator 04/08/2016
Weekly Roundup April 4 - April 8 2016: Leidos Adds Zika Vaccine Program to Burgeoning Health Biz & more 04/08/2016
Roger Krone: Leidos Seeks Diversified Client Base, Cultural Balance Post Lockheed IS&GS Merger 04/01/2016
Roger Krone: Leidos Eyes Client Range Expansion Through Merger With Lockheed Services Business 03/31/2016
Weekly Roundup Mar. 14 - Mar. 18 2016: Tetra Tech Makes Wave in Water Data Analytics M&A Move & more 03/18/2016
Leidos CEO Roger Krone is 2016 Wash100 Inductee for Leadership in Company Growth and Financial Performance 03/17/2016
Haskell to Purchase Leidos' Heavy Construction Business, Design Assets 03/16/2016
Weekly Roundup Feb. 16 - Feb. 19 2016: The M&A Deal Leaders in 2016's Wash100 & more 02/19/2016
Weekly Roundup Feb. 1 - Feb. 5 2016: The 9 Three-Time Wash100 Winners in 2016's Class & more 02/05/2016
Leidos Sponsors Military Appreciation Night NBA Game; Roger Krone Comments 01/22/2016
Leidos Sponsors Washington Wizards’ Military Night; Roger Krone Comments 01/21/2016
Leidos 3Q Earnings Top Wall Street Forecasts, Revenue In Line; Roger Krone on M&A Market 10/29/2015
Roger Krone: Leidos, DC United to Host Armed Forces Week 09/10/2015
Roger Krone: Leidos, DC United to Collaborate for Armed Forces Week Events 09/09/2015
Martin Miner Appointed CIO, SVP at Leidos; Roger Krone Comments 08/31/2015
Roger Krone Leads Remarks from Leidos Partnership for Defense Health on DHMSM Win 08/21/2015
Roger Krone: Leidos to Lead DoD Health Record System Modernization Team 08/20/2015
Leidos Beats Wall Street 2Q Earnings Estimates, Roger Krone Offers Update on Defense Health Record Contract 08/05/2015
Jonathan Scholl to Join Leidos as Health, Engineering President 05/19/2015
Leidos CEO Roger Krone to Keynote CTO Forum Event 04/14/2015
Roger Krone, Melissa Koskovich See Effective Branding, New Opportunities in Leidos-Ripken Stadium Naming Rights Deal 04/01/2015
Leidos Gets Naming Rights to Ripken Stadium; Roger Krone Comments 03/31/2015
WEEKLY ROUNDUP MARCH 20 – MARCH 26 2015 03/27/2015
Leidos Board Appoints CEO Roger Krone to Chairman to Consolidate Roles 03/26/2015
Leidos CEO Roger Krone Makes Wash100 List for Leadership in Aerospace Operations 02/24/2015
UK Taps Leidos to Run Military Logistics Program; Roger Krone Comments 02/19/2015
Roger Krone, Leidos CEO, Chosen to Wash100 for Aerospace, Operations Leadership 02/11/2015
Mark Sopp to Retire as Leidos CFO; Roger Krone Comments 01/29/2015
Leidos Releases Report Highlighting Annual Corporate Responsibility Initiatives; Roger Krone Comments 01/26/2015
Leidos to Sponsor Washington Wizards’ Program; Roger Krone Comments 01/21/2015
Boeing Vet Roger Krone to Join Leidos as CEO; John Jumper to Remain Chairman 07/01/2014
Roger Krone: Boeing Sees Continued Int'l SATCOM Market Demand as Air Force Eyes 2 More WGS Satellites 05/16/2014
Roger Krone, Boeing Network and Space Systems President, Elected to Wash100 01/27/2014