Leidos CEO says company is not pursuing large acquisitions

By Marjorie Censer / March 17, 2021 at 8:16 AM

The chief executive of Leidos said this week the company is busy integrating multiple acquisitions and not pursuing additional large deals.

Speaking at a J.P. Morgan virtual conference, Roger Krone noted the company has been very actively acquiring businesses. Among them are Gibbs & Cox, 1901 Group and L3Harris Technologies’ security detection and automation business.

“We are not overly enthusiastic about doing a lot more deals anytime soon,” Krone said at the conference. “That's not to say that we wouldn't do a technology play -- $25 [million] or $50 million technology play -- but we're happy with where we are.”

“We're going to focus a lot on integration and execution,” he added.