Announced
Completed
Financials
Tags
Cross Border
Security Services
Acquisition
Single Bidder
Australia
security
Majority
automation
Private
Friendly
Completed
Synopsis
Leidos, an information technology, engineering, and science solutions provider, completed the acquisition of the airport security and automation business of L3Harris, an American technology company, for $1bn. “The announcement represents a significant milestone in L3Harris’ strategic priority to reshape our portfolio following last year’s L3 and Harris merger. The agreement provides a stable path forward for the Security & Detection Systems and MacDonald Humfrey Automation businesses while enabling L3Harris to focus its resources on core technologies,” William M. Brown, L3Harris Chairman and CEO.
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