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Business/Financial

Leidos Agrees To Sell Heavy Construction Capability

By Cal Biesecker

Wednesday, March 16th, 2016

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Leidos Agrees To Sell Heavy Construction Capability

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Wednesday said it has agreed to sell its heavy construction capability to the engineering and construction firm Haskell, allowing it to focus on its infrastructure engineering capabilities and opportunities.Terms of the deal, which is expected to close in the second quarter of 2016, were not disclosed. Leidos said its sales guidance for this year includes about $175 million from the heavy construction business.“Our strategic engineering capabilities have shifted over the past 18 to 24 months,” Roger Krone,…

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