Leidos Closes on Lockheed Martin’s IT Business
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By
Frank Konkel
With Lockheed Martin’s $5 billion IT business, Leidos becomes the government’s largest IT provider.
Defense IT firm Leidos today announced it has successfully closed on the acquisition of Bethesda, Maryland-based Lockheed Martin’s Information Systems & Global Solutions business, formalizing a deal announced in January.
With Lockheed Martin’s $5 billion IT business, Leidos becomes the government’s largest IT provider—nearly doubling its annual revenue to $10 billion—and further cements its place as a force in the growing federal health IT market.
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Leidos already had sustained momentum by capturing the Pentagon’s $9 billion health care modernization contract; its completed deal with Lockheed Martin only makes the defense IT behemoth even bigger.
It remains unclear how many of the 16,000 employees Lockheed Martin’s IS &GS will join Leidos’ workforce of 19,000, but some personnel shifting at the top level was announced. The Leidos board of directors announced the election of three new directors: Gregory Dahlberg, formerly a senior executive at Lockheed Martin; Surya Mohapatra, who has held various senior leadership positions in the health care industry, and Susan Stalnecker, a long-time senior executive with DuPont.