History

 
 

About

History

Our History

Sure, we have a new name and a new logo. But, Leidos also has a long history of innovative problem-solving and customer service.

1969

FOUNDED ON FEB. 3, 1969

J. Robert Beyster, Ph.D., along with a small group of committed scientists, founded the company that would evolve into Leidos.

More about Dr. Beyster »

1970

POSTED FIRST PROFITS; WON A NEW RELATIONSHIP

Revenue: $243,000
Employees: 20
Net Income: $11,731
Earnings per Share: $1.06

The new company posted a profit after its first year, much to its founder’s surprise, and established its first long-term client, the Defense Nuclear Agency. A study of radiation-based cancer therapy for the Los Alamos National Laboratory became the foundation for our health business. And, a new Washington DC office served customers in the federal government.

1972

DEVELOPED A FORMULA FOR SUCCESS: CLOSE CUSTOMER SUPPORT

Revenue: $3,356,000
Employees: 156
Net Income: $110,852
Earnings per Share: $.19

The Albuquerque office was established to support the Air Force Weapons Laboratory with work in electromagnetic phenomena and effects that would become the basis for our Physical Sciences Group. Meanwhile, the foundation for the company’s space business began with work in space and planetary sciences in Chicago, Tucson, and Huntsville, Alabama.

1976

SUPPORTED CRUISE MISSILE ADVANCES

Revenue: $45,877,000
Employees: 1,213
Net Income: $1,204,000
Earnings per Share: $.47

Cruise missile technology was among the era’s most significant developments in both strategic and tactical warfare. We provided technical support and management assistance to the Joint Cruise Missile Program Office of the Department of Defense

1980 & 1981

CLEANED UP MAJOR CONTAMINATION SITES

Revenue: $187,290,000
Employees: 3,700
Net Income: $4,641,000
Earnings per Share: $1.30

With support to the EPA and other government agencies, we played a key role in clean-up of both the Three Mile Island nuclear accident and the massively contaminated Love Canal chemical dump site.

1987

HELPED DESIGN AMERICA’S CUP WINNER

Revenue: $599,663,000
Employees: 6,814
Net Income: $18,047,000
Earnings per Share: $2.03

When the 12-meter yacht Stars and Stripes won back the America's Cup from Australia, it was a technological victory for the company. Our scientists and engineers worked for three years on the intricacies of yacht design and performance evaluation, contributing to major breakthroughs in hull and keel design.

1989

WORKED TO SAFEGUARD OUR SKIES

Revenue: $865,106,000
Employees: 9,676
Net Income: $25,713,000
Earnings per Share: $.57

Changing markets and efforts to curtail government spending increased the need to keep a sharp competitive edge. Meanwhile, the company demonstrated the first luggage inspection machine to pass FAA-conducted tests after the tragic bombing of Pan American flight 103 over Lockerbie, Scotland.

1995

EXPANDED OUR SEARCH FOR CURES

Revenue: $1,921,880,000
Employees: 17,853
Net Income: $49,052,000
Earnings per Share: $1.01

We were awarded a contract to operate the National Cancer Institute’s (NCI) largest research center. The NCI contract focused 1,300 of our brightest minds on cancer and AIDS research.

1996

MADE A BOLD, STRATEGIC ACQUISITION

Revenue: $2,155,657,000
Employees: 20,931
Net Income: $57,296,000
Earnings per Share: $1.13

The company’s entrepreneurial spirit and small-company flexibility kept us at the forefront of new technology. We acquired domain name registrar Network Solutions and became one of the largest providers of Internet and e-commerce services.

1999

CELEBRATED 30 YEARS OF GROWTH

Revenue: $4.7 billion
Employees: 36,000
Net Income: $150.7 million
Earnings per Share: $2.46

We celebrated our 30th anniversary by announcing a 53% growth in revenue and a 78% increase in net earnings over the previous year. We ranked #347 on the FORTUNE 500® list of the largest U.S. companies and were the country’s largest employee-owned research and engineering firm.

2003

WISHED DR. BEYSTER WELL IN RETIREMENT

Revenue: $5.9 billion
Employees: 38,000
Net Income: $246 million
Earnings per Share: $1.21

Company founder Dr. J Robert Beyster retired after 34 years with the company. Ken Dahlberg succeeded as CEO and Chairman of the Board of Directors. In the same year, we were honored by NASA for providing safety, reliability, and QA services for the space shuttle, International Space Station, and emerging programs.

2006

WENT PUBLIC

Revenue: $7.8 billion
Employees: 43,000
Net Income: $927 million
Earnings per Share: $5.15

In October 2006, an initial public offering of 86,250,000 shares of common stock raised $1.245 billion in capital for the company.

2008

BUILT FIRST-OF-ITS-KIND SOLAR COMMUNITY

Revenue: $8.9 billion
Employees: 44,000
Net Income: $415 million
Diluted Earnings per Share: $1.00

We played a major role in helping Okotoks, Alberta become the first solar community in North America. Our Canadian subsidiary developed a solar-thermal system to capture energy from the summer sun and store it to heat homes through the long, cold winter.

2013

FORMALLY SPLIT INTO LEIDOS AND SAIC

The company officially split into Leidos, a $7 billion solutions-focused business, and SAIC, a $4 billion services business.

Roger Krone speaking at the Leidos Welcome Event after merge

2016

COMBINES WITH LOCKHEED MARTIN'S INFORMATION SYSTEMS & GLOBAL SOLUTIONS (IS&GS) BUSINESS IN A REVERSE MORRIS TRUST TRANSACTION.

Leidos expands to 33,000 employees across locations in 30 countries. The company reported pro forma annual revenues of approximately $10 billion for the fiscal year ended Jan. 1, 2016.

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Our Founder

J. Robert Beyster, Ph.D. founded the company that would be come Leidos with a focus on employee-ownership and entrepreneurship.

More about Dr. Beyster »