RESTON, Va – February 18, 2022 (Investorideas.com Newswire, Homelanddefensestocks.com) Leidos (NYSE: LDOS), a FORTUNE(R) 500 science and technology leader, today announced that Patrick Shanahan has been elected to the company’s Board of Directors, effective February 16, 2022. Shanahan served as the 33rd Deputy Secretary of Defense from 2017 to 2019, including as Acting Secretary of Defense from Jan. 1, 2019, to June 23, 2019.
Before his time at the Department of Defense, Shanahan served in a variety of senior roles at Boeing, including as senior vice president, Supply Chain & Operations.
“Pat brings a wealth of expertise to the board and offers tremendous value for our shareholders and customers,” said Leidos Chairman and Chief Executive Officer Roger Krone. “Having served at the highest levels of the Department of Defense and industry, his insight will be an enormous asset. We look forward to working with him as we spearhead advances in the revolutionary technologies that will make our world safer, healthier and more efficient.”
Upon joining the Department of Defense, Mr. Shanahan helped lead the development of several key DoD policies and strategies. This included the 2018 National Defense Strategy, 2018 Department of Defense Cyber Strategy, 2018 Cyber Posture Review, 2018 Nuclear Posture Review and 2019 Missile Defense Review. He was a passionate champion of digital and technological advancement for the department, driving modernization in cybersecurity, artificial intelligence (AI) and cloud computing as well as command, control, and communication. In June 2018, he instituted the Joint Artificial Intelligence Center (JAIC) and published the Department of Defense’s AI Strategy.
A native of Washington State, Mr. Shanahan holds a Bachelor of Science degree in mechanical engineering from the University of Washington and two advanced degrees from the Massachusetts Institute of Technology.
Leidos is a Fortune 500(R) technology, engineering, and science solutions and services leader working to solve the world’s toughest challenges in the defense, intelligence, civil and health markets. Leidos’ 43,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Va., Leidos reported annual revenues of approximately $13.7 billion for the fiscal year ended December 31, 2021. For more information, visit www.leidos.com.
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company’s Annual Report on Form 10-K for the period ended December 31, 2021, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
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