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Business/Financial

Leidos To Acquire Advanced Technology Company Dynetics For $1.7 Billion

By Cal Biesecker

Tuesday, December 17th, 2019

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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…

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