M&A Deal Summary

Leidos Acquires L3Harris Technologies - Security Detection and Automation Business

On February 4, 2020, Leidos acquired safety/security company L3Harris Technologies - Security Detection and Automation Business from L3Harris for 1.0B USD

Acquisition Highlights
  • This is Leidos’ 1st transaction in the Safety/Security sector.
  • This is Leidos’ 3rd largest (disclosed) transaction.
  • This is Leidos’ 13th transaction in the United States.
  • This is Leidos’ 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2020-02-04
Target L3Harris Technologies - Security Detection and Automation Business
Sector Safety/Security
Buyer(s) Leidos
Sellers(s) L3Harris
Deal Type Divestiture
Deal Value 1.0B USD

Target

L3Harris Technologies - Security Detection and Automation Business

Tewksbury, Massachusetts, United States
L3Harris' Security Detection and Automation businesses provide airport and critical infrastructure screening products, automated tray return systems and other industrial automation products. With headquarters in Tewksbury, Mass. and Luton, England, the combined businesses have 1,200 employees and a global sales and services operations footprint with more than 20,000 systems deployed world-wide across more than 100 countries.

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Buyer(S) 1

Buyer

Leidos

Reston, Virginia, United States
Category Company
Founded 1969
Sector Information Technology
Employees47,000
Revenue 15.4B USD (2023)
DESCRIPTION
Entrance to Leidos' office in Columbia, Maryland.
Entrance to Leidos' office in Columbia, Maryland.

Leidos is a provider of science and technology solutions in the United States. The company delivers solutions and services for data analytics, systems integration, and cybersecurity to the agencies of the U.S. Department of Defense, the intelligence community, and the U.S. Department of Homeland Security, as well as other U.S. Government civil agencies, state and local government agencies, foreign governments, and customers in a range of commercial markets. Leidos was founded in 1969 and is based in Reston, Virginia.

DEAL STATS #
Overall 13 of 17
Sector (Safety/Security) 1 of 1
Type (Divestiture) 4 of 5
State (Massachusetts) 2 of 2
Country (United States) 13 of 16
Year (2020) 1 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 Dynetics

Huntsville, Alabama, United States

Dynetics, Inc. is a provider of IT solutions to the national security, cybersecurity, space, and critical infrastructure sectors. Dynetics is based in Huntsville, Alabama.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 1901 Group

Reston, Virginia, United States

1901 Group LLC is a provider of managed IT services to federal agencies and its commercial customers. 1901 Group I3SS Platform has received FedRAMP Moderate certification from the U.S. Government that enables the confidence in security for Federal agencies to trustingly utilize monitoring and managed services. 1901 Group was founded in 1901 and is based in Reston, Virginia.

Buy $215M

Seller(S) 1

SELLER

L3Harris

Melbourne, Florida, United States
Category Company
Founded 1895
Sector Defense
Employees47,000
Revenue 19.4B USD (2023)
DESCRIPTION
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.

L3 Harris is a producer of communications products, systems and services for global markets, including RF communications, integrated network solutions and government communications systems. L3Harris Technologies was founded in 1895 and is based in Melbourne, Florida.

DEAL STATS #
Overall 13 of 23
Sector (Safety/Security) 2 of 2
Type (Divestiture) 12 of 22
State (Massachusetts) 1 of 2
Country (United States) 13 of 23
Year (2020) 1 of 2
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-05 L3 Harris Technologies - Harris Night Vision

Roanoke, Virginia, United States

L3 Harris Technologies, Inc. - Harris Night Vision is a premier developer, producer and supplier of night vision technology for the U.S. and allied military and security forces and for the federal homeland security market.

Sell $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-26 L3Harris Technologies - Applied Kilovolts & Analytical Instrumentation Business

Melbourne, Florida, United States

L3Harris Technologies' Applied Kilovolts & Analytical Instrumentation Business provides mass spectrometer detection solutions.

Sell -
Mergr

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