Browse: Home / 2017 / February / 27 / Jim Reagan, Leidos CFO, Chosen to 2017 Wash100 for Post-Merger Synergy Leadership
November 12, 2021
Header image

GovCon ExecLogo

Private-Public Connections for Contract Leadership

Menu

Skip to content
  • Home
  • About
  • Wash 100
  • Advertise
  • Posts from ExecutiveBiz for 01/04/2019
  • Posts from GovConWire for 01/04/2019
  • Posts from GovConDaily for 01/03/2019
  • Posts from ExecutiveBiz for 01/03/2019
  • Posts from GovConDaily for 01/02/2019
  • Posts from GovConWire for 01/03/2019
  • Posts from ExecutiveBiz for 01/02/2019
  • Posts from GovConWire for 01/02/2019
  • Posts from GovConDaily for 12/28/2018
  • Posts from ExecutiveBiz for 12/28/2018

Jim Reagan, Leidos CFO, Chosen to 2017 Wash100 for Post-Merger Synergy Leadership

Posted by Ross Wilkers on February 27, 2017 in Wash100 | 265 Views

Executive Mosaic is glad to unveil Leidos Chief Financial Officer Jim Reagan as an inductee into the 2017 Wash100 — Executive Mosaic’s annual selection of the government contracting arena’s most influential voices.

The nearly two-decade finance veteran joined Leidos in 2015 as CFO and the next year helped steer the Reston, Va.-based contractor through its summer merger into Lockheed Martin‘s former government services business to double in scale.

Leidos expects $10 billion-$10.4 billion in sales for 2017 versus the $5.1 billion recorded during 2015, the company’s last full year prior to the combination with the Lockheed information systems and global solutions segment.

Consolidation of overhead, information technology and real estate are key for Leidos to pursue its market strategy at the added scale with $1.2 billion in cost synergies targeted by 2019.

Leidos met its 2016 goal of $200 million in cost synergies that year and is “well on (the) way” to $296 million in savings by the end of this year, Reagan told investors in the company’s fourth quarter earnings call Feb. 19.

“Many of this year’s savings will be driven by systems migrations, which are dispersed throughout the year primarily related to our human capital management systems and our IT backbone for the IS&GS business, which will be pulled away from Lockheed at the end of the year,” Reagan added.

Leidos also aims to realize $425 million in revenue synergies by 2019 and will look at potential takeaway opportunities the company could not pursue before the merger, Reagan said to analysts then.

“That wouldn’t be possible without the improvement that we’ve got to our cost structure and our bid structure.”

Posted in Wash100 | Tagged human capital, information technology, is&gs, Jim Reagan, Leidos, Lockheed Martin, merger, synergies, Wash100

About the Author

Ross Wilkers

Related Posts

Mark Testoni, President and CEO of SAP NS2, Selected to 2018 Wash100 for Exceptional Achievement in Providing Secure IT Infrastructure and Cyber Solutions→

Victoria Nuland, CEO of CNAS, Selected to 2018 Wash100 for Distinguished Leadership in Foreign Policy→

Mark Johnson, Oracle Public Sector SVP, Inducted Into 2018 Wash100 for His Leadership in Driving Federal Cloud Adoption→

Kathy Warden, Northrop President and COO, Selected to 2018 Wash100 for Acquisition Leadership→

Click here to sign up for all of our E-NewsWires

Subscribe to all our E-NewsWires

Subscriber Details

Upcoming POC Event

Sponsor Ad

©2015 GovCon Exec

Menu

  • Authors
  • Sitemap
  • Contact Us
Show Buttons
Hide Buttons