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Business/Financial

Leidos Completes $1 Billion Acquisition Of L3Harris’ Detection And Automation Businesses

By Cal Biesecker

Monday, May 4th, 2020

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Leidos Completes $1 Billion Acquisition Of L3Harris’ Detection And Automation Businesses

The ClearScan checkpoint CT scanner is a new product offering for Leidos. Photo: Leidos

Leidos [LDOS] on Monday completed its $1 billion acquisition of the security and detection, and automation businesses of L3Harris Technologies [LHX], adding a strong and varied product portfolio used to help secure the global air transportation system and critical infrastructures. The deal complements Leidos’ existing aviation security and port and border security solutions and adds about $500 million in annual sales. Leidos said its portfolio of security detection and automation products now includes more than 24,000 systems deployed in more…

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