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Dec. 17, 2019, 4:29 p.m. EST

Defense contractor Leidos to buy Dynetics for $1.7 billion in cash

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By Claudia Assis

LDOS

Defense contractor and government IT provider Leidos Holdings Inc. /zigman2/quotes/202902477/composite LDOS +0.07% said late Tuesday it has agreed to buy privately owned Dynetics Inc., a research and national security company, for $1.65 billion in cash. Once the deal is completed, Dynetics will operate as a subsidiary of Leidos, the company said. The deal is expected to close in the first quarter, subject to conditions. Shares of Leidos fell 0.4% in the extended session Tuesday after ending the regular trading day down 0.1%.

/zigman2/quotes/202902477/composite
US : U.S.: NYSE
$ 102.64
+0.07 +0.07%
Volume: 527,288
Nov. 25, 2020 7:00p
P/E Ratio
24.15
Dividend Yield
1.33%
Market Cap
$14.60 billion
Rev. per Employee
$326,294
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