Leidos Closes Acquisition of Dynetics, for Approx. $1.65 Billion

leidos

Leidos Holdings, Inc. (NYSE: LDOS), a Reston, Va.-based science and technology company, completed the acquisition of Dynetics, Inc., an applied research and national security solutions company, for approximately $1.65 billion in cash.

Based in Huntsville, Ala., with offices throughout the United States, Dynetics is a provider of high-technology, mission-critical services and solutions to the U.S. Government.

The combination of capabilities enhances Leidos’ competitive position across its Defense, Intelligence, and Civil Groups, and also accelerates opportunities within the Leidos Innovations Center (LInC), for customer-focused research, development, and rapid prototyping. Dynetics will operate as a wholly-owned subsidiary of Leidos, and its Chief Executive Officer David King will continue to lead the business, reporting directly to Leidos’ Chairman and Chief Executive Officer Roger Krone.

Leidos is a Fortune 500® information technology, engineering, and science solutions and services company working to solve challenges in the defense, intelligence, homeland security, civil, and health markets. The company’s 36,000 employees support vital missions for government and commercial customers. It reported annual revenues of approximately $10.19 billion for the fiscal year ended December 28, 2018.

FinSMEs

01/02/2020

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