Reston, Virginia-based Leidos has announced a deal to acquire L3 Harris Technologies’ security detection and automation businesses for $1 billion in cash. A day before, Leidos has completed its $1.65 billion acquisition of Huntsville, Alabama-based Dynetics. L3 Harris Technologies provide airport and other infrastructure screening products, and industrial automation products. They’re based in Tewksbury, Massachusetts, and Luton, England, and have a combined 1,200 employees.
According to wtop.com, “Leidos says the acquisition will expand its customer base to an additional 75 countries, diversify its revenue stream and be immediately positive to revenue and profits. The acquisition will expand Leidos’ security business, including checkpoint CT scanners, people scanners, checked baggage scanners and explosives detectors.”
As per wtop.com, “L3 Harris Technologies, based in Melbourne, Florida, is a diversified aerospace and defense technology company with more than 18,000 employees. On Feb. 3, Leidos completed its acquisition of Dynetics, whose work includes research and development of Hypersonic weapons systems, adding 2,300 employees. Leidos has about 36,000 employees. It is the third-largest government technology contractor in the D.C. area, with 11,000 employees locally.”