With Lockheed Deal, Leidos Now the Government’s Largest IT Provider
Lockheed Martin announced Tuesday it’s spinning off its $5 billion IT business and merging it with former rival defense IT firm Leidos.
The companies announced the deal this morning, six months after Bethesda-based Lockheed – the largest defense contractor – signaled it was looking to spin off its Information Systems & Global Solutions business, which currently employs some 16,000 people.
Lockheed Martin Chief Executive Officer Marillyn Hewson said the company can now focus narrowly on its aerospace and defense businesses, which includes its gargantuan F-35 Joint Strike Fighter, the most expensive weapons program ever.
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