Leidos’ $1.65bn buy of Dynetics brings hypersonic missiles and glide munitions

Leidos signed an agreement to acquire privately owned Dynetics for $1.65 billion in cash, a deal which would add several up-and-coming military weapons, including hypersonic missiles and glide munitions, to the company’s portfolio. The transaction is expected to close in the first quarter of 2020, pending typical closing conditions and regulatory approvals. The board of directors of both companies unanimously approved the transaction, says Leidos on 17 December.

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