Leidos Holdings, Inc. completed the acquisition of Cobham Aviation Services Australia's Special Mission business from Cobham Limited for approximately AUD 300 million.
October 29, 2022
Share
Leidos Holdings, Inc. (NYSE:LDOS) entered into a definitive agreement to acquire Cobham Aviation Services Australia's Special Mission business from Cobham Limited for AUD 310 million on July 29, 2022. The purchase consideration subject to working capital adjustments. The acquisition is subject to customary closing conditions, including regulatory approvals. Chris Arnold of DLA Piper UK LLP acted as legal advisor to Leidos Holdings, Inc. Macquarie Capital (Australia) Limited acted as financial advisor to Cobham Limited.
Leidos Holdings, Inc. (NYSE:LDOS) completed the acquisition of Cobham Aviation Services Australia's Special Mission business from Cobham Limited for approximately AUD 300 million on October 30, 2022. Net of AUD 10 million acquired as part of the terms of the deal.
Leidos Holdings, Inc. specializes in the provision of engineering, technological and scientific services. Net sales by business segment break down as follows:
- defense (56.6%): design, engineering and integration of technological solutions for intelligence, airborne surveillance and reconnaissance, maritime and land-based solutions, electronic warfare systems, and automated sensor, alarm, command and control systems, software development, cyber security solutions and data processing and analysis solutions, IT infrastructure development and integration, etc.;
- civil security (23.7%): development and integration of solutions for the protection of goods, data and digital information, solutions and systems for air traffic flow control and flight data management, vehicle and cargo inspection, explosives and radiation detection, computer security, environmental management, nuclear security, complex logistics management, etc.;
- health (19.7%): integration of complex systems and technological infrastructures for the management of data, medical information and electronic health records, provision of healthcare services, IT systems lifecycle management, research and development of biopharmaceuticals, etc.
Net sales by market are divided between the US Department of Defense and the intelligence community (49.4%), government agencies (37.4%) and commercial customers (13.2%).
The United States accounts for 91,4% of net sales.
Leidos Holdings, Inc. completed the acquisition of Cobham Aviation Services Australia's Special Mission business from Cobham Limited for approximately AUD 300 million.
LEIDOS HOLDINGS, INC. 
