Leidos CEO says company is not pursuing large acquisitions

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.