Leidos names new chief growth officer

Reston-headquartered Fortune 500 federal contractor Leidos announced Wednesday that it’s promoting Jason Albanese to corporate executive vice president and chief growth officer, effective March 3.

Currently senior vice president of growth for the company’s National Security sector, Albanese is succeeding Gerry Fasano, who is retiring as planned on April 4.

Albanese joined Leidos in 2017 following the merger with Lockheed Martin’s Information Systems and Global Solutions business. He initially led strategy and business development for the company’s defense group before holding similar responsibilities for the health and intelligence businesses. Albanese assumed his role in the National Security sector last year.

In his new role, Albanese will report to Leidos CEO Tom Bell and play a crucial role in implementing the company’s new growth strategy developed in 2024.

“I want to congratulate Jason and thank Gerry for all he has done for our company, and our country, during a remarkable 40-year career,” Bell said in a statement. “Gerry built a strong team and an excellent long-term strategy. Jason will lead our work to differentiate Leidos as a trusted partner who helps make customers’ outcomes smarter and more efficient.”

Albanese holds engineering degrees from the University of Pennsylvania and Villanova University and an MBA in finance from the University of Maryland.

Earlier this month, Leidos reported record financial performance for 2024, with the company’s revenue rising 7.9% to $16.7 billion, earnings margin reaching 12.9% and operating cash flow hitting $1.39 billion. For 2025, the company forecasts revenues between $16.9 billion and $17.3 billion, an earnings margin in the mid-to-high 12% range and an operating cash flow of $1.45 billion.

Leidos provides technology, engineering and science services to defense, intelligence, civil and health market customers. It has about 48,000 employees.