Following Lockheed deal, Leidos to operate with five business groups

By Marjorie Censer / August 3, 2016 at 5:35 PM
After it merges with Lockheed Martin's IT services business, Leidos will be reorganized into five business groups, three led by Leidos executives and two by Lockheed leaders, the company said Aug. 1. The deal to blend the two, creating a roughly $10 billion, 33,000-employee government contractor, is now slated to close in mid-August, Leidos executives said last week. Under the structure planned for the merged company, Roger Krone, Leidos' chief executive, will remain at the head of the company. Jim...

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