Leidos
Leidos Completes Acquisition of L3Harris Technologies’ Security Detection and Automation Businesses
Leidos announced that it has completed the acquisition of L3Harris Technologies’ Security Detection and Automation businesses, for approximately $1 billion in cash. The transaction was previously announced on Feb. 4, 2020. The acquired businesses provide airport and critical infrastructure screening products, automated tray return systems and other industrial automation products. They will operate within the Leidos Civil Group, led by Jim Moos, Civil Group president.
Leidos to Acquire L3Harris Technologies? Security Detection and Automation businesses
Leidos Holdings entered into a definitive agreement to acquire L3Harris Technologies? Security Detection and Automation businesses, for $1 billion in cash. The Boards of Directors of both companies unanimously approved the transaction. L3Harris? Security Detection and Automation businesses provide airport and critical infrastructure screening products, automated tray return systems and other industrial automation products.