Leidos-Lockheed deal moves forward

Leidos said this week the waiting period mandated for the U.S. government antitrust review of proposed transactions has expired, moving the company's deal with Lockheed Martin forward.

Leidos has agreed to merge with Lockheed's IT services business in a Reverse Morris Trust transaction.

Expiration of the waiting period "satisfies one of the conditions necessary for the combination," Leidos said in a statement. "The proposed transaction remains subject to approval by the shareholders of Leidos, as well as certain other regulatory approvals and customary closing conditions."