We started 2016 by announcing our intent to merge with Lockheed Martin's Information Systems & Global Solutions (IS&GS) Business. We completed the merger in August and added three new members to our 12-person Board of Directors.
The new Leidos is "better able to offer cost-effective solutions to our customers," Chairman and CEO Roger Krone said, following the merger's close. "The combined company will be a more diversified leader in the markets we serve, giving us the scale and access to markets that enable further growth."
The deal turned us into a $10 billion company and the largest provider of government services in the contracting industry. We’ve doubled in size, diversified our revenues, balanced our customer mix, and strengthened our international profile. Our workforce of 33,000 spans 30 countries and serves government and commercial customers in the defense, intelligence, homeland security, health, and civil markets.
Leidos employees worked hard and maintained their commitment to excellence leading up to and during the merger, making them instrumental to its success. “It would not have been possible without their efforts," said Krone.