16 August 2016
This article was posted prior to the merger of Lockheed Martin Information Systems & Global Solutions and Leidos on 16 August 2016.
Leidos Announces Closing of The Merger With Lockheed Martin’s IS&GS Business
(RESTON, Va.), Aug. 16, 2016 — Leidos Holdings, Inc. (NYSE: LDOS) today announced the successful completion of the previously announced combination of Leidos with Lockheed Martin’s Information Systems & Global Solutions (IS&GS) business in a Reverse Morris Trust transaction. The Leidos Board of Directors also announced the election of three new directors – Gregory R. Dahlberg, Surya N. Mohapatra and Susan M. Stalnecker – to serve on the Leidos board, which now has 12 directors.
"Today marks the next step in the evolution of Leidos. I’m excited about where we came from and what the future holds. I want to thank all of our employees for their hard work during this time of change. It would not have been possible without their efforts, but as we know change is constant and our journey is a marathon not a sprint,” said Roger A. Krone, Leidos' Chairman and Chief Executive Officer. “We’re delighted to have three new directors join our board of directors, who bring with them years of experience in science, industry and business.”
For more visit leidos.com/transform.