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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 -3.26% 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
$ 85.04
-2.87 -3.26%
Volume: 1.16M
July 13, 2020 4:03p
P/E Ratio
20.75
Dividend Yield
1.60%
Market Cap
$12.49 billion
Rev. per Employee
$318,562
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