Sign In
Search
Business/Financial

Leidos To Acquire Naval Architects Gibbs & Cox; Posts Higher Income, Sales In Fourth Quarter

Cal Biesecker By
SHARE:
Leidos To Acquire Naval Architects Gibbs & Cox; Posts Higher Income, Sales In Fourth Quarter
Gibbs & Cox' capabilities include autonomous technologies. Image: Gibbs & Cox

Leidos [LDOS] on Tuesday said it has agreed to acquire the naval architecture and marine engineering firm Gibbs & Cox for $380 million in cash, a deal that will strengthen its capabilities in ship design and enhance its work on unmanned maritime systems. The deal appears to be borne out, at least in part, of the company’s loss last summer to L3Harris Technologies [LHX] to design and build a prototype Medium Unmanned Surface Vehicle (MUSV) for the Navy, part of…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Federal Spending On Venture And Private Equity-Backed Companies Increased In FY ‘25

Business/Financial

Davie Defense Breaks Ground On Modernization Of Texas Shipyard

Business/Financial

Motorola Solutions To Acquire Counter-Drone Company D-Fend For $1.5 Billion

Business/Financial

Arxis To Acquire Omnetics Connector And MagCanica For Combined $890 Million

Trending

Elbit America Teams With Anduril On Offering For Army’s Future Howitzer Competition
DroneShield Awarded $13.8 Million By JIATF-401 For Anti-Drone Systems On Southern Border
Low Radar Cross Section Of MQ-28 Ghost Bat Validated, Boeing Says
Northrop Grumman Targets Next Year For On-Orbit SBI “Capability”
Defense Watch: Golden Dome Munitions, Collaborative Autonomy, New Glenn News, P-8 News

Congress Updates

Space

NRO Nominee: “We Have To Look Differently At Our Requirements”

The National Reconnaissance Office (NRO) has said that it has launched more than 200 proliferated low Earth orbit satellites in the last two years to supplement the costly high-end systems […]

Congress

Congress Needed Pentagon’s Iran Supplemental Request ‘Yesterday,’ HASC’s Wittman Says

A senior member of the House Armed Services Committee (HASC) said Wednesday that Congress needed the Pentagon’s Iran supplemental funding request “yesterday,” noting the ongoing lack of details from the […]

Space

Space Force Eyes Nearly $1.5 Billion for Space Data Network Backbone in Future Reconciliation Bill

The U.S. Space Force (USSF) plans to request nearly $1.5 billion for the Space Data Network (SDN) Backbone in a future fiscal 2027 reconciliation bill. Last week, Space Force’s Space […]

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Sen. Elizabeth Warren (D-Mass.) and Sen. Timothy Sheehy (R-Mont.), two members of the Senate Armed Services Committee (SASC), are renewing their call for “Right to Repair” language in the National […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume