Leidos names Terry Phillips as Chief Security Officer

Rhea-AI Summary

Leidos (NYSE: LDOS) appointed Terry Phillips as its new Senior Vice President and Chief Security Officer. Phillips will oversee the Global Security Organization and ensure compliance with national security standards. His background includes serving as Executive Director of the Air Force's Office of Special Investigations, managing $30 billion in classified projects. Phillips holds master's degrees in Education Administration and National Resource Strategies, alongside a Bachelor's degree in mathematics. Leidos reported approximately $12.30 billion in revenue for the fiscal year ending January 1, 2021.

Positive

• Appointment of Terry Phillips adds significant leadership in security.
• Phillips has extensive experience managing sensitive military operations.

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• None.

RESTON, Va., Jan. 6, 2022 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, today announced the appointment of Terry Phillips as the company's Senior Vice President and Chief Security Officer (CSO). Phillips will be responsible for leading, managing and directing the activities of the Leidos Global Security Organization. He will also oversee the company's compliance with U.S. and foreign government national security standards.

"Terry has managed some of the Department of Defense's most sensitive capabilities, technologies and operations and we're thrilled to welcome him to Leidos," said Vicki Schmanske, Leidos Executive Vice President of Corporate Operations. "His decades of experience will be instrumental as we look to bolster our corporate global security strategy."

Prior to joining Leidos, Phillips served as Executive Director of the Air Force's Office of Special Investigations Office of Special Projects. His primary responsibility consisted of managing global enterprise security strategies for the U.S. Air Force, Space Force and select Department of Defense (DOD) Special Access Programs (SAP). In that role, Phillips led the protection of annual obligations of $30 Billion supporting classified research, development, testing and production. Phillips also served as the Director of Counterintelligence for the United States European Command – directing counterintelligence strategy and operations for 53 countries in Europe, Caucasus and Levant.

Phillips holds Masters' degrees in Education Administration and National Resource Strategies from Chapman University and National Defense University, respectively. He earned his Bachelor's degree in mathematics from Auburn University and is a recipient of the Bronze Star Medal for service in Kirkuk, Iraq.

About Leidos
Leidos is a Fortune 500® technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, civil, and health markets. The company's 43,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Va., Leidos reported annual revenues of approximately $12.30 billion for the fiscal year ended January 1, 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 January 1, 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.

Contact:
Melissa Dueñas
(571) 526-6850
Melissa.L.Duenas@leidos.com 

Thomas Doheny
(571) 474-4735
Dohenyt@leidos.com 

Jalen Drummond
(571) 992-5046
Jalen.Drummond@leidos.com 

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SOURCE Leidos Holdings, Inc.

FAQ

What position was Terry Phillips appointed to at Leidos?

Terry Phillips was appointed as Senior Vice President and Chief Security Officer.

What responsibilities will Terry Phillips have at Leidos?

He will lead the Global Security Organization and oversee compliance with national security standards.

What is Terry Phillips' background before joining Leidos?

Phillips served as Executive Director of the Air Force's Office of Special Investigations, managing security strategies for the Air Force and Space Force.

What were Leidos' revenues for the fiscal year ended January 1, 2021?

Leidos reported approximately $12.30 billion in revenue for that fiscal year.

How does Terry Phillips' appointment impact Leidos shares?

While the appointment can enhance investor confidence, its direct impact on shares will depend on future performance metrics.