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  • American City Business Journals2 months ago

    Leidos CEO defends merged company's new, larger scale

    As Leidos Holdings Inc. (LDOS) prepares to merge with a spinoff of Lockheed Martin Corp.'s (LMT) government IT services division and become the largest player in the industry at $10 billion, there are a growing number of government services companies claiming that they won't follow suit. To borrow ManTech International Corp.'s (MANT) mantra as it pertains to big acquisitions, they won't "buy sales. Leidos CEO Roger Krone said Monday at an investor conference in New York that he agrees and he doesn't believe "scale just for scale’s sake is important." But he also explained the perks of being a $10 billion company, as his company will roughly double in size in the coming weeks as it merges with Lockheed's Information Systems and Global Solutions business.

  • American City Business Journals3 months ago

    CACI CEO says 'I like the size we’re at now' ahead of Leidos' mega deal with Lockheed IT

    Ever since Reston-based Leidos Holding Inc. (LDOS) announced in January that it was going to merge with Lockheed Martin Corp.’s (LMT) government services IT business to become a $10 billion giant, several of its smaller competitors have said they feel no pressure to make similar deals for scale. The latest to say it isn't interested in that type of M&A is Arlington-based CACI International Inc. (CACI). "I like the size that we’re at now,” CEO Ken Asbury said at an investor conference in New York last week.

  • American City Business Journals3 months ago

    Kettler on The Boro: 'First truly urban, authentic development here in Tysons'

    Metropolitan Park in Pentagon City, Midtown Reston Town Center, Metropolitan Downtown Columbia, Village at Leesburg — but nothing like what's soon to come out of the ground in Tysons. Kettler, along with Meridian Group executives, on Monday hosted a ceremonial demolition event (the wrecking ball was quiet on this day) for The Boro, the 4.2 million-square-foot transformation of the 18-acre SAIC campus near the Greensboro Metro station. The first phase of the project alone, at 1.7 million square feet, will roughly match Kettler’s largest project ever.