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Business/Financial

Leidos Completes Acquisition Of Lockheed Martin’s IS&GS Segment

By Cal Biesecker

Tuesday, August 16th, 2016

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Leidos Completes Acquisition Of Lockheed Martin’s IS&GS Segment

Lockheed Martin Chairman, President and CEO Marillyn Hewson

As expected, Leidos [LDOS] on Tuesday completed its $4.6 billion acquisition of Lockheed Martin’s [LMT] information technology and technical services businesses, making it the largest pure play IT and services provider to the federal government with between $9 billion and $10 billion in annual revenue.The $4.6 billion price is about $400 million less than originally announced in January. The $1.8 billion cash payment is the same but only $2.8 billion in Leidos common stock is being distributed to participating Lockheed…

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