Leidos said today it has agreed to acquire privately owned and Huntsville, AL-based Dynetics for $1.65 billion in cash. The deal, Leidos said, will bolster its defense, intelligence and civil groups and “accelerate opportunities” within its innovation center. Under the terms of the transaction, Dynetics, which has 2,300 employees, will operate as a wholly owned subsidiary. Dynetics' chief executive David King will lead the group and report to Leidos' CEO. "The addition of Dynetics represents an opportunity to grow in...
