melbourne, australia When RESTON, VA., October 31, 2022 /PRNewswire/ — Leidos (NYSE: LDOS), a FORTUNE® 500 technology leader, today announced the completion of its acquisition of Cobham Aviation Services Australia’s Special Mission business.The deal was previously announced August 2, 2022The business will be integrated into Leidos Australia and will operate as part of Leidos Australia.
The acquisition of Cobham Special Mission represents Leidos’ entry into the Australian aviation market, leveraging state-of-the-art command and control systems and sensors aboard aircraft to deliver mission-critical results to the Australian government. increase.
“We are thrilled and eager to officially welcome Cobham’s A special mission team to the Leidos family,” said Leidos chairman and CEO. Roger Crone“Bringing in the Special Missions business will strengthen our global airborne ISR capabilities and provide new growth opportunities.I look forward to working with this talented team, along with the leadership of Leidos Australia. increase.”
“On behalf of Reidos, I would like to extend a warm welcome to the Cobham Special Missions Team,” said Reidos Australia Chief Executive Officer. paul chase“This team has earned an excellent reputation throughout the industry and government, and we look forward to continuing to provide excellent service to our customers.”
“Today is a milestone day for all of us at Cobham Special Missions and the day we begin a new and exciting chapter for Leidos,” said Leidos Australia’s Vice President Airborne Solutions. . james woodhams (Former Cobham Special Mission Executive Director). “Leidos has been recognized as an employer of choice and we are very excited to see what being part of Leidos means for our employees.”
Special Missions Operations provides airborne border surveillance and search and rescue services to the Australian Commonwealth Government. The business owns and operates 14 modified aircraft and provides essential services around the world. Australiainclude:
- Conducting one of the world’s largest managed service civil maritime surveillance operations during patrols under contract with Australian Border Patrol Australian An exclusive economic zone of 8.2 million square kilometers.
- Provides fixed-wing search and rescue response capabilities on land and at sea on behalf of the Australian Maritime Safety Authority (AMSA).When
- We operate a highly specialized mission training system for over 30 mission crew members per year.
Leidos Australia is a trusted partner of the Australian Government, providing services across Information Technology Projects and Services, Intelligence (C4ISR) and Defense Mission Systems. At Leidos Australia, he has 2,000 employees and is headquartered in melbourne.
Leidos is a Fortune 500® technology, engineering and scientific solutions and services leader committed to solving the world’s toughest challenges in the defense, intelligence, civil and health markets. His 44,000 employees at the company support critical missions for government and commercial customers.Head office location Reston, VirginiaLeidos’ annual turnover is about $13.7 billion fiscal year ended December 31, 2021For more information, please visit www.Leidos.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 regarding Leidos’ acquisition of Cobham Aviation Services Australia. Each company’s products and markets. These forward-looking statements generally include statements such as “believe,” “forecast,” “anticipate,” “budget,” “project,” “continue,” “expect,” “anticipate,” Estimate, Intend, Strategy, Future, Opportunity, Plan, Could, Could, Might, Might ”, “could”, “could”, “could”, “could result” and similar expressions (or the negative form of such phrases or expressions).
Forward-looking statements are predictions, forecasts and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. A number of factors could cause actual future events to differ materially from the forward-looking statements in this release. (i) the occurrence of any event, change or other circumstance that may cause the termination of the merger agreement; (ii) the announcement of the transaction by Cobham Aviation; (iii) the risk that the transaction will disrupt the current plans and operations of Leidos or Cobham Aviation Services Australia and employees of Cobham Aviation Services Australia as a result of the transaction; (iv) the risks associated with diverting management attention from Cobham Aviation Services Australia’s continued business operations; (v) legal proceedings that may be brought against Leidos or Cobham Aviation; Australian Services in connection with the resulting merger agreement or transaction; (vi) Lei’s ability to act to successfully integrate Cobham Aviation Services Australia’s businesses, product lines and technology; and (vii) following the completion of the proposed acquisition; Realize additional opportunities for growth and innovation in Leidos’ ability to execute plans, forecasts and other expectations for Cobham Aviation Services Australia’s business.
See also the documents Leidos files with the SEC on Forms 10-K, 10-Q, and 8-K. These filings identify and address other important risks and uncertainties that could cause events or results to differ materially from those contained in the forward-looking statements contained in this press release. doing. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements. Leidos undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.