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Leidos Moves to Buy Gibbs & Cox in $380M Deal


USNI News
Leidos Moves to Buy Gibbs & Cox in $380M Deal
The Sea Hunter, a Medium Displacement Unmanned Surface Vehicle (MDUSV). US Navy Photo
Defense contractor Leidos is making a bid to buy the almost hundred-year-old ship design firm Gibbs & Cox in a $380 million deal, the company announced in a Tuesday earnings call.
The cash deal, expected to close in the second quarter of 2021, would position Leidos to compete in the emerging unmanned naval systems market that is underpinning much of the Navy’s strategic focus.
“The acquisition of Gibbs & Cox will extend our existing maritime business and add specific capabilities and services, such as naval architecture and marine engineering, 3D modeling and design and ....

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Leidos Deepens Maritime Reach with Planned Acquisition of Gibbs & Cox Naval Design Firm


Government Executive
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It’s the latest move to better position itself for Navy undersea business.
Global Business Editor
Government contractor Leidos announced plans to buy naval design firm Gibbs & Cox for $380 million, taking aim at an area of U.S. defense spending that is expected to grow amid overall decline: unmanned maritime vehicles and next-generation warships.
“The acquisition of Gibbs & Cox will extend our existing maritime business and add specific capabilities and services, such as naval architecture and Marine Engineering, 3D modeling and design, and specialty engineering to the solution set that we offer to our customers,” Leidos CEO Roger Krone said on the company’s quarterly earnings call Tuesday. ....

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citybizlist : Washington DC : Leidos Completes 1901 Group Acquisition for $215M


1/14/21
Leidos Holdings, Inc. (NYSE: LDOS), a FORTUNE® 500 science and technology leader, today announced the completed acquisition of
1901 Group for approximately
1901 Group is a leading provider for managed IT services and cloud solutions in the private and public market. It will operate as a wholly-owned subsidiary of Leidos. The acquisition adds nearly 400 IT, cloud and cyber specialists to the Leidos team. This will grow the company s deep bench of certified technical talent to support customers with their mission-critical needs.
Headquartered in Reston, Virginia, 1901 Group delivers leading cloud, cybersecurity and enterprise-scale digital modernization services. These and other capabilities improve performance and reduce costs. Founded in 2009, the company s spirit and name was inspired by the year 1901, when automation of the assembly line was invented. These factory floor principles serve as the foundation for the company s drive to modernize enterpris ....

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