Virginia-based Leidos has entered into an agreement to acquire the naval architecture and marine engineering firm Gibbs & Cox for $380M in cash, as the defense, engineering and IT conglomerate looks to bolster its expertise to compete for Navy unmanned systems contracts. The deal is expected to close in the second quarter of 2021, subject to closing conditions. G&C was founded in New York City in 1922, and has designed some well-known vessels, including the WWII Liberty Ships and the “Fig 7” (FFGs) for the Navy. Gibbs & Cox is HQ’d in Arlington, Va., and has two offices in New Orleans. It is the largest, full-service independent engineering and design firm specializing in naval architecture and marine engineering. (Source: Marine Link 02/25/21) Leidos To Acquire Gibbs & Cox (marinelink.com) Leidos, formerly known as Science Applications International Corporation (SAIC), is an American Defense, Aviation, Information Technology (Lockheed Martin IS&GS), and Biomedical Research company that provides scientific, engineering, systems integration, and technical services. It was the fourth largest defense contractor in FY 2012.
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