:

Business/Financial

Leidos To Acquire Advanced Technology Company Dynetics For $1.7 Billion

By Cal Biesecker

Tuesday, December 17th, 2019

SHARE:

Leidos To Acquire Advanced Technology Company Dynetics For $1.7 Billion

Dynetics is developing the Small Glide Muntion (GBU-69/B) that can be carried on AC-130 gunships and unmanned aircraft systems. Image: Dynetics

Leidos [LDOS] on Tuesday afternoon said it has agreed to acquire advanced technology research, development, and prototyping company for $1.65 billion in cash, adding capabilities in rapid prototyping and high growth areas such as hypersonics, space and weapons systems. The deal is expected to close in the first quarter of 2020 subject to regulatory approvals. Both companies’ boards have approved the deal. Leidos said the acquisition will be immediately accretive to its sales, adding about $1 billion in annualized revenue next…

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]