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.