About Leidos Leidos is a … The L3Harris business serves government, critical infrastructure, aviation and transportation. Together, we will advance our strategy of helping secure some of the world's most critical infrastructure and the individuals who travel through it. L3Harris CALENDAR YEAR 2019 FOURTH QUARTER EARNINGS PRESENTATION 3 Basis of Preparation As supplemental information to aid with year-over-year comparability following the L3Harris merger, this presentation includes combined financial results, with "combined" meaning, in the case of prior-year
This transaction is projected to be immediately accretive to revenue growth, EBITDA margins, and non-GAAP EPS upon closing. You must click the link in the email to activate your subscription. Leidos also retained PwC as operations and accounting advisor.To receive notifications via email, enter your email address and select at least one subscription below. Leidos looks ahead and beyond COVID-19 with L3Harris security product shop now in tow. With headquarters in Tewksbury, Mass. Such statements are made in reliance on the safe harbor provisions of Section 27A of I look forward to welcoming these L3Harris employees to Leidos and working together to continue our important work. ET today, Feb. 4, 2020, to discuss the transaction. "The businesses further our commitment to a diversified revenue stream, by expanding our customer penetration into 75 additional countries.
After the call concludes, an audio replay can be accessed on the Leidos Investor Relations website or by dialing +1 (877) 660-6853 (toll-free U.S.) or +1 (201) 612-7415 (international callers) and entering conference ID 13698829. Learn About Our Portfolio. and Luton, England, the combined businesses have 1,200 employees and a global sales and services operations footprint with more than 20,000 systems deployed world-wide across more than 100 countries.
The work this team performs is vital to securing so many important locations – where passengers count on equipment reliability and efficiency to keep them safe. This mission is consistent with our company's goal of making the world safer, healthier and more efficient. The replay will be available through Feb. 11, 2020.Leidos management will host a conference call beginning at 7:30 a.m. After submitting your information, you will receive an email. The deal, expected to close at the end of the second quarter of 2020, will expand Leidos’ work in 75 new countries, according to a statement from Leidos Chairman and CEO Roger Krone. RESTON, Va., Feb. 4, 2020 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE: LDOS) ("Leidos"), a FORTUNE® 500 science and technology leader, today announced that it has entered into a definitive agreement to acquire L3Harris Technologies' (NYSE: LHX) ("L3Harris") Security Detection and Automation businesses, for $1 billion in cash. Safeguarding travel and trade at a global scale, Leidos completes acquisition of L3Harris Technologies’ Security Detection & Automation businesses.
You can sign up for additional subscriptions at any time.Leidos expects to fund the $1 billion cash transaction through a combination of cash on hand and incremental debt.Contact us about product information and pricing, customer feedback, stockholder services, or just to voice a concern.The transaction is expected to be immediately accretive to Leidos' revenue growth, EBITDA margins, and non-GAAP diluted earnings per share upon closing.Krone continued, "This powerful portfolio of technology and the outstanding team of employees that support it complement the Leidos team well. Analysts and institutional investors may participate by dialing +1 (877) 869-3847 (U.S. dial-in) or +1 (201) 689-8261 (international dial-in).The following errors must be corrected:Leidos retained Credit Suisse Securities (USA) LLC as financial advisor, and Fried, Frank, Harris, Shriver, & Jacobson LLP and DLA Piper as legal advisors in connection with the transaction. Leidos is a global leader in the integration and application of information technology, engineering, and science to solve the customers' most demanding challenges.
Leidos took a significant step toward expanding its global airport and critical infrastructure footprint with its entrance into a definitive agreement to acquire L3Harris’ airport business. Sign up to get the top federal headlines each morning.Leidos took a significant step toward expanding its global airport and critical infrastructure footprint with its entrance into a definitive agreement to acquire L3Harris’ airport business.Over 20,000 of L3Harris’ security checkpoint offerings, which include checkpoint scanners, automated tray return systems and explosives trace detectors, are deployed across 100 countries, according to a Feb. 4 news release. The businesses serve customers in the aviation, transportation, government and critical infrastructure markets. ""The acquisition of these businesses will help accelerate our growth and innovation and enable us to offer the market a comprehensive security platform," said Leidos Chairman and CEO Roger Krone. L3Harris.com.
The deal will also bolster its global border and port sales channel business.The spokesperson declined comment on specific opportunities the acquisition provided, but said the deal will make the company “more competitive.”The deal to buy L3Harris’ security detection and automation businesses for $1 billion in cash will allow Leidos to offer a more “comprehensive security and detection platform” to global customers.The acquisition is a significant step forward for Leidos’ goal of increasing the company’s presence in international markets and diversifying its revenue.
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