Chairman & CEO, Leidos Holdings Inc
In 2014, when Krone was 58, he decided it was time to retire from Boeing after 35 years in the aerospace business. His idea of retirement was to take over Leidos, a government contractor, and double its size. The term government contractor suggests hardware suppliers, but Leidos is an IT contractor. “We use information to solve really complex customers’ problems, [using] a set of software applications and really smart people,” Krone says. For example, in 2017, Leidos created an electronic health record for every one of the over 9 million active U.S. military across the globe. The company is also the leading supplier of air traffic control systems worldwide. In 2016, Leidos merged with Lockheed Martin’s Information Systems and Global Solutions Business. Virtually overnight its workforce went from 18,000 to 33,000 (8,977 in the D.C. area), and its revenue from $5 billion to $10 billion, which is how you become the largest pure-play (i.e., having one line of business) government contractor.