Leidos taps Cage to serve as next CFO

Leidos said today it has named Christopher Cage chief financial officer, effective July 5.

He will succeed Jim Reagan, who plans to retire. Reagan will serve “in an advisory capacity” through the end of the year, the company said.

Cage joined Leidos in 1999 and has served as CFO of a previous health and engineering division and as senior vice president for operations finance. He is currently chief accounting officer.

Meanwhile, Leidos said today sales in its defense solutions group in the most recent quarter totaled nearly $2 billion, up almost 15% from the same three-month period the prior year.

“The increase in revenues was primarily attributable to program wins, a net increase in volumes on certain programs and a benefit in exchange rate movements,” the company said.

The defense solutions business reported quarterly profit of $152 million, up 60% from a year earlier.