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Gibbs & Cox bags deal worth up to $319M for US Navy's future DDG(X) destroyer

American naval architecture firm Gibbs & Cox Inc. has received a contract for supporting surface combatant ship design and engineering efforts for the US Navy’s future surface combatant force, primarily in support of the future DDG(X) program. ....

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Gibbs & Cox Wins Navy Deal Worth Up To $319 Million

Naval architecture and marine engineering firm Gibbs & Cox Inc. has won a contract to support surface combatant ship design… ....

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Leidos Holdings, Inc. Reports Second Quarter Fiscal Year 2021 Results

Leidos Holdings, Inc. Reports Second Quarter Fiscal Year 2021 Results
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National Interest in Minerals and Rare Earth Elements Grows

National Interest in Minerals and Rare Earth Elements Grows
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NEW YORK, May 13, 2021 /PRNewswire/ The U.S. Department of Defense (DOD) uses about 750,000 tons of minerals each year. In fact, minerals are among the most important components that make up various technologies, and according to data published by the National Mining Association, copper is the second most used mineral by the DoD. Copper can be found in naval vessels, Coast Guard ships and Air Force aircrafts. Meanwhile, silver can be found in the Army s Apache helicopters, and molybdenum is used in armor plating for vehicles, missiles and aircrafts. The mineral beryllium, the only material designated as both strategic and critical to the nation by the DoD, is used to reduce weight and improve guidance performance in fighter jets, surveillance satellites and NASA technologies such as the mirrors on the James Webb Space Telescope. Defe ....

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Leidos completes acquisition of Gibbs & Cox

Press release content from PR Newswire. The AP news staff was not involved in its creation.
Leidos completes acquisition of Gibbs & Cox
May 7, 2021 GMT
RESTON, Va., May 7, 2021 /PRNewswire/ Leidos Holdings, Inc. (NYSE: LDOS) (“Leidos”), a FORTUNE® 500 science and technology leader, today announced the completed acquisition of Gibbs & Cox, Inc. (“Gibbs & Cox”) for approximately $380 million in cash. The transaction was previously announced on Feb. 23, 2021. Gibbs & Cox will operate as a wholly-owned subsidiary and will be combined with Leidos’ maritime systems division.
Headquartered in Arlington, Virginia, Gibbs & Cox is the largest independent ship design firm focused on naval architecture and marine engineering. The company’s world class naval architects, designers, engineers and program managers develop innovative vessel designs and naval capabilities. The acquisition positions Leidos to provide a broad set of engineering solutions to the US Navy ....

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