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Home Investing

$LDOS) Appoints Former Acting Secretary of Defense Patrick Shanahan to Board of Directors

by Trading How
February 21, 2022
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RESTON, Va – February 18, 2022 (Investorideas.com Newswire, Homelanddefensestocks.com) Leidos (NYSE: LDOS), a FORTUNE® 500 science and expertise chief, right this moment introduced that Patrick Shanahan has been elected to the corporate’s Board of Administrators, efficient February 16, 2022. Shanahan served because the thirty third Deputy Secretary of Protection from 2017 to 2019, together with as Appearing Secretary of Protection from Jan. 1, 2019, to June 23, 2019.

Earlier than his time on the Division of Protection, Shanahan served in quite a lot of senior roles at Boeing, together with as senior vp, Provide Chain & Operations.

“Pat brings a wealth of experience to the board and presents super worth for our shareholders and clients,” mentioned Leidos Chairman and Chief Government Officer Roger Krone. “Having served on the highest ranges of the Division of Protection and business, his perception will likely be an unlimited asset. We sit up for working with him as we spearhead advances within the revolutionary applied sciences that may make our world safer, more healthy and extra environment friendly.”

Upon becoming a member of the Division of Protection, Mr. Shanahan helped lead the event of a number of key DoD insurance policies and techniques. This included the 2018 Nationwide Protection Technique, 2018 Division of Protection Cyber Technique, 2018 Cyber Posture Overview, 2018 Nuclear Posture Overview and 2019 Missile Protection Overview. He was a passionate champion of digital and technological development for the division, driving modernization in cybersecurity, synthetic intelligence (AI) and cloud computing in addition to command, management, and communication. In June 2018, he instituted the Joint Synthetic Intelligence Middle (JAIC) and revealed the Division of Protection’s AI Technique.

A local of Washington State, Mr. Shanahan holds a Bachelor of Science diploma in mechanical engineering from the College of Washington and two superior levels from the Massachusetts Institute of Expertise.

About Leidos

Leidos is a Fortune 500® expertise, engineering, and science options and companies chief working to resolve the world’s hardest challenges within the protection, intelligence, civil and well being markets. Leidos’ 43,000 staff help very important missions for presidency and business clients. Headquartered in Reston, Va., Leidos reported annual revenues of roughly $13.7 billion for the fiscal 12 months ended December 31, 2021. For extra info, go to www.leidos.com.

Statements on this announcement, apart from historic information and data, represent forward-looking statements that contain dangers and uncertainties. Quite a lot of components may trigger our precise outcomes, efficiency, achievements, or business outcomes to be very completely different from the outcomes, efficiency, or achievements expressed or implied by such forward-looking statements. A few of these components embrace, however are usually not restricted to, the danger components set forth within the firm’s Annual Report on Type 10-Ok for the interval ended December 31, 2021, and different such filings that Leidos makes with the SEC every now and then. Because of such uncertainties and dangers, readers are cautioned to not place undue reliance on such forward-looking statements, which communicate solely as of the date hereof.

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