Leidos acquires Gibbs & Cox

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Leidos Holdings, Inc., a FORTUNE 500 science and technology leader, acquires Gibbs & Cox, Inc. for approximately $380 million in cash. Gibbs & Cox will operate as a wholly-owned subsidiary and will be combined with Leidos’ maritime systems division.

Headquartered in Arlington, Virginia, Gibbs & Cox is the largest independent ship design firm focused on naval architecture and marine engineering. The company’s world-class naval architects, designers, engineers and program managers develop innovative vessel designs and naval capabilities. Leidos positioned to provide a broad set of engineering solutions to the US Navy and an expanding set of foreign Navies as per the acquisition.

Roger Krone, Chairman and CEO, Leidos, said: “We are delighted to welcome the Gibbs & Cox team to the Leidos family. Gibbs & Cox is widely regarded for developing the most talented and experienced naval designers in the world. We look forward to this new era of innovation while combining the best of both companies.”

Chris Deegan, President and Chief Executive, Gibbs & Cox, said: “We are excited to join Leidos, whose employee culture and history of innovation strongly mirror our own legendary 91-year history. Gibbs & Cox will remain the nation’s largest independent provider of maritime services. The combination of our world-class naval architecture, design and engineering services with Leidos’ speed, security and scale will significantly enhance our combined offerings in the fast-growing maritime undersea, autonomous and cybersecurity segments. We look forward to mapping a new Gibbs & Cox with Leidos for the next 90 years.”

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