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Leidos Completes Acquisition of Gibbs & Cox | Defense

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Ocean News
May 7, 2021
Leidos Holdings, Inc., a FORTUNE® 500 science and technology leader, has completed the acquisition of Gibbs & Cox, Inc. 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 and to an expanding set of foreign Navies. ....

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Gibbs & Cox Wins $20 Million Contract From NSWC

(Photo: Dan Lin / U.S. Navy)
U.S.-based naval architecture and marine engineering firm Gibbs & Cox, Inc. announced Tuesday that the Naval Surface Warfare Center, Philadelphia Division (NSWCPD) awarded the company a $20 million prime contract.
The NSWCPD provides the Navy s primary technical expertise for naval machinery research and development and in-service engineering, as well as machinery cybersecurity and lifecycle engineering.
Gibbs & Cox said its contract will have a five-year operating period with a work scope including maintenance functions for the materials, structures, environmental and protection divisions. Work will be split between New York and Philadelphia with an anticipated completion date of April 2026. ....

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Gibbs & Cox awarded $20M Contract from Naval Surface Warfare Center, Philadelphia Division

Gibbs & Cox awarded $20M Contract from Naval Surface Warfare Center, Philadelphia Division
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ARLINGTON, Va., May 4, 2021 /PRNewswire/ Gibbs & Cox, Inc. is pleased to announce the Naval Surface Warfare Center, Philadelphia Division (NSWCPD) awarded the company a $20M prime contract.
This builds on our long-standing relationship with NSWC Philadelphia and we are very proud to have been selected for this award, said Jonathan Applequist, Vice President for Maritime Services Group.
(PRNewsfoto/Gibbs & Cox, Inc.)
The contract will have a 5-year operating period with a work scope including maintenance functions for the Materials, Structures, Environmental and Protection Divisions. Work will be split between New York and Philadelphia with an anticipated completion date of April 2026. ....

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Leidos Q4 Earnings Beat Estimates, Full-year Outlook Falls Short Of The Street View

WASHINGTON (dpa-AFX) - Leidos Holdings, Inc. (LDOS) reported fourth-quarter net income of $197 million or $1.37 per share compared with $181 million or $1.26 per share in the same quarter a year ....

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Leidos Holdings, Inc. Reports Fourth Quarter and Fiscal Year 2020 Results

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RESTON, Va., Feb. 23, 2021 /PRNewswire/ Leidos Holdings, Inc. (NYSE: LDOS), a FORTUNE 500
® science and technology leader, today reported financial results for the fourth quarter and fiscal year 2020.
Roger Krone, Leidos Chairman and Chief Executive Officer, commented: Fourth quarter results reflect the resilience of our growing portfolio with new record levels of revenue and backlog, coupled with margin expansion and further balance sheet optimization. This performance positions us for above-market growth in 2021, fueled by our talented diverse workforce who continue to engineer and deliver technologically innovative and secure solutions for our customers evolving needs.
Fourth Quarter Summary Results ....

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