Retired Leidos exec shares how the company instilled agility into its corporate culture

Gerry Fasano, the recently retired chief growth officer for Leidos, pictured here at an August 2024 technology symposium. Leidos
Gerry Fasano looks back at a 41-year career and why his favorite job was leading the integration of the Lockheed Martin IS&GS services business into Leidos, which essentially created a new company.
Gerry Fasano, now former chief growth officer for Leidos as of April 4, jokes that he worked at four companies over 40 years but never had to look for a job.
Fasano's career path in many ways mirrors the consolidation that has taken place across the defense industry since the early 1990s.
He started at GE Aerospace, the same company his father worked for. GE Aerospace was then acquired by Martin Marietta, which merged with Lockheed in 1995 to form Lockheed Martin. Then in 2016, Lockheed divested the Information Systems and Global Solutions business to Leidos.
Fasano had a front row seat for the Leidos-IS&GS merger.
"It was the best job I ever had,” he said. “You just don’t really get the chance to step back and start a company from scratch.”
Though IS&GS and Leidos had decades of tradition and work history behind them, the integration of the two roughly equal-sized businesses was about creating a new company.
Fasano led that effort and his team spent many nights at a now-defunct Italian restaurant n Reston, Virginia. They worked with an easel to sketch out the mission, values and vision for what became "New Leidos."
Eventually, there was a team of nearly 200 working on the integration effort. They were broken down into work streams.
“What is our go-to market strategy? A big decision. What are enterprise systems? A big decision. How do you want to organize? Another big decision,” Fasano said.
There also was the need to establish what Fasano called decision rights.
“What are the authorities that you have if you’re running a sector or a business or you’re running a program,” he said. “it’s really hard for a company to pull the brakes and say let’s start over.”
The merger and integration of two organizations, each with around $5 billion in revenue and 16,000 employees, created an opportunity to make something new.
“It forced us to do it and in doing it, we swept away the shortfalls or more positively, accentuated the strengths of each other and made sure we kept that,” he said.
That process from just over nine years ago created the competitive advantage he says the company still possesses today.
“We really are a new company that had to start over, and most companies don’t have that luxury,” he said.
Leidos created a flatter organization that can quickly make decisions and coupled that with a willingness to invest its own resources into a solution for customers, Fasano said.
One example is Artemis II, a Challenger 650 business jet that Leidos outfitted into an intelligence, surveillance, and reconnaissance aircraft.
“This customer had a tough mission, but we had a vision that they could do it with a different platform and buy it as a service,” he said.
There was not a long-drawn-out debate at the company. Within four days, they bought a jet and began outfitting it.
Now it is a ISR platform that Leidos’ Army customer buys as a service. The jet is owned and operated by Leidos.
“We leaned in and used our own balance sheet to deliver the first jet and now we have a program of record with the Army,” he said.
Leidos has used a similar approach to its work with the Veterans Affairs Department to deliver health care to veterans through mobile clinics. The company owns and operates the clinics.
“We do that as a service,” he said. “We leaned in on mobile clinics and instead of everyone coming to the clinic, we can go out to more rural areas.”
That kind of public-private partnership is something Fasano sees increasing under the Trump administration.
“They want to see people use their balance sheet and see the agility and speed that industry can operate at,” he said.
But it will be someone else driving Leidos going forward as Jason Albanese is now the company's chief growth officer.
Fasano's decision to retire is not about a loss of enthusiasm.
“I have never woken up and not wanted to go to work,” he said. “I’ve loved what I do for 41 years. I love it.”
Fasano plans to channel that energy into three charitable organizations in the Philadelphia area:
- Joseph’s House in Camden, New Jersey -- A homeless shelter founded by his cousin.
- Woodloch Resort, a respite for cancer patients.
- LaSalle Academy, an elementary school in Philadelphia where he plans to tutor students in math and science.
“We’ve given treasure but no time,” he said of the three groups.
He also sits on the board of trustees at Hampton University in Virginia. The university is led by Darrell Williams, also a former Leidos executive.
“The biggest accomplishment I hope to have is the people that I’ve been able to touch a little bit and help them and give them a chance. They are the future of this company,” he said. “I’m looking forward to seeing that.”