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Business/Financial

Leidos To Combine With Lockheed Martin IS&GS Business To Create Largest Government Services Provider

By Cal Biesecker

Tuesday, January 26th, 2016

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Leidos To Combine With Lockheed Martin IS&GS Business To Create Largest Government Services Provider

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Tuesday said it will pay $5 billion to combine with Lockheed Martin’s [LMT] government services business to create a roughly $10 billion information technology and services company that will be about twice the size of its nearest pure play competitor.That scale means “we’ll be able to provide a more comprehensive and compelling range of solutions to address the needs of our customers in defense, intelligence, civil and commercial markets,” Roger Krone, chairman and CEO of Leidos, said…

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