M&A Deal Summary

Leidos Acquires Lockheed Martin - Information Systems & Global Solutions Business

On January 26, 2016, Leidos acquired information technology company Lockheed Martin - Information Systems & Global Solutions Business from Lockheed Martin for 5.0B USD

Acquisition Highlights
  • This is Leidos’ 4th transaction in the Information Technology sector.
  • This is Leidos’ largest (disclosed) transaction.
  • This is Leidos’ 10th transaction in the United States.

M&A Deal Summary

Date 2016-01-26
Target Lockheed Martin - Information Systems & Global Solutions Business
Sector Information Technology
Buyer(s) Leidos
Sellers(s) Lockheed Martin
Deal Type Divestiture
Deal Value 5.0B USD

Target

Lockheed Martin - Information Systems & Global Solutions Business

United States
Lockheed Martin - Information Systems & Global Solutions Business (IS&GS) is a provider of IT services.

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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 10 of 17
Sector (Information Technology) 4 of 7
Type (Divestiture) 3 of 5
Country (United States) 10 of 16
Year (2016) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 Plainfield Renewable Energy Plant

Plainfield, Connecticut, United States

Plainfield Renewable Energy has a net electricity generation capacity of approximately 37.5 megawatts. It is capable of providing baseload renewable energy for as many as 280,000 homes. The facility, which first became operational in December 2013, uses clean biomass as its fuel and sells its electrical output to Connecticut Light and Power under a long-term offtake agreement.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 IMX Medical Management Services

Malvern, Pennsylvania, United States

IMX Medical Management Services, Inc. is a national medical consulting company, which specializes in Independent Medical Evaluations, Functional Capacity Evaluations, Medical Record Reviews and Occupational Health Services. IMX Medical Management Services, Inc. was founded in 1995 and is based in Malvern, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Lockheed Martin

Bethesda, Maryland, United States

Category Company
Founded 1912
Sector Aerospace
Employees122,000
Revenue 67.6B USD (2023)
DESCRIPTION
Entrance to Lockheed Martin's corporate campus in Bethesda, Maryland.
Entrance to Lockheed Martin's corporate campus in Bethesda, Maryland.

Lockheed Martin is an aerospace and defense company that engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products worldwide. Lockheed Martin was established in 1912 and is based in Bethesda, Maryland.


DEAL STATS #
Overall 5 of 7
Sector (Information Technology) 2 of 3
Type (Divestiture) 3 of 5
Country (United States) 4 of 6
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-26 Leidos

Reston, Virginia, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-08 Industrial Defender

Foxborough, Massachusetts, United States

Industrial Defende provides a fully automated solution to discover, track and report on assets across your ICS footprint. Industrial Defender ASM is a management platform designed to address the overlapping requirements of cybersecurity, compliance, and change management for Industrial Control Systems (ICS). A “single pane of glass” that provides asset visibility, vulnerability monitoring, tracking, configuration, policy control, and reporting for industrial endpoints from multiple vendors. Industrial Defender is based in Foxborough, Massachusetts.

Sell -