Acquisition of Dynetics

Technology & Services
Acquisition of Dynetics

Summary

Baird served as exclusive financial advisor to Leidos Holdings, Inc. on this transaction

About

Leidos Holdings, Inc. (“Leidos” or the “Company”) has agreed to acquire Dynetics for $1.65 billion. The transaction is subject to various regulatory approvals and customary closing conditions.

Dynetics is a leading provider of high-technology, mission-critical solutions and products to the United States Government, with a proven history addressing the nation’s most challenging and technologically advanced missions. Dynetics has approximately 2,000 employees, and offers innovative capabilities in high growth areas, including hypersonics, space, and weapons solutions as well as leading rapid prototyping and secure agile manufacturing / systems integration capabilities. Dynetics is headquartered in Huntsville, Alabama.

Leidos’ acquisition of Dynetics illustrates the following themes in Government & Defense M&A: market priority for companies of scale with distinguished capabilities in high growth markets like hypersonics, space, and weapons solutions; expansion of rapid prototyping and secure agile manufacturing and systems integration capabilities; and enhancement of strategic footprint in the Huntsville market.

Leidos is a Fortune 500® information technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The Company's 33,000 employees support vital missions for government and commercial customers. Leidos reported annual revenues of approximately $10.19 billion for the fiscal year ended December 28, 2018. Leidos is headquartered in Reston, Virginia.
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Technology & Services
Acquisition of Dynetics
Date
December 2019
Company
Leidos Holdings, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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