Leidos' acquisition of Dynetics complete
Leidos has completed its acquisition of Dynetics, the company announced on 31 January.
Dynetics and its high-technology, mission-critical services and solutions portfolio will now operate as a wholly-owned subsidiary of Leidos.
The combination of capabilities enhances Leidos' competitive position across its defence, intelligence and civil groups, and will provide opportunities within the Leidos Innovations Center for customer-focused research, development, and rapid prototyping.
Roger Krone, chairman and chief executive officer, Leidos, said: ‘Dynetics and Leidos share a commitment to advancing technology to address the toughest scientific and engineering challenges of our day. This combination adds innovative capabilities in our targeted growth areas, while expanding our secure agile production capabilities, secure agile manufacturing, and increasing our penetration with key customers.
‘We are pleased to welcome an outstanding team of 2,300 employees with a shared culture of innovation and technical expertise that will benefit our collective customers and drive our continued success.’
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