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Leidos To Acquire Cobham’s Special Mission Business In Australia

Cal Biesecker By
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Leidos To Acquire Cobham’s Special Mission Business In Australia
Photo: Cobham Aviation Services Special Missions

Further building out its footprint and capabilities in Australia, Leidos [LDOS] on Tuesday said it has agreed to acquire an airborne surveillance and search and rescue business based in Australia that is currently part of Britain’s Cobham Limited. Leidos will pay $215 million for Cobham Aviation Services Australia’s Special Mission business, which has about 380 employees. The deal is expected to close this year and is subject to regulatory approvals. The Special Mission business owns and operates 14 modified aircraft…

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