MELBOURNE, Australia and RESTON, Va., Oct. 31, 2022 /PRNewswire/ — Leidos (NYSE: LDOS), a FORTUNE® 500 science and know-how chief, at the moment introduced the finished acquisition of Cobham Aviation Companies Australia’s Particular Mission enterprise. The transaction was beforehand introduced on August 2, 2022. The enterprise will probably be built-in into and function as a part of Leidos Australia.
The acquisition of Cobham Particular Mission represents Leidos’ entry into the Australian aviation market, utilising state-of-the-art command and management methods and sensors on board plane to ship mission crucial outcomes for the Australian Authorities.
“We’re excited and desirous to formally welcome Cobham’s Particular Mission workforce to the Leidos household,” stated Leidos Chairman and CEO Roger Krone. “Bringing within the Particular Mission enterprise will construct on our world airborne ISR capabilities whereas offering new alternatives for development. Along with Leidos Australia management, I look ahead to working with this proficient workforce.”
“On behalf of Leidos, I need to specific a heat welcome to the Cobham Particular Mission workforce,” stated Leidos Australia Chief Government Paul Chase. “This workforce brings an amazing repute from throughout business and Authorities. We look ahead to persevering with to offer distinctive service to our prospects.”
“It is a milestone day for all of us at Cobham Particular Mission and the start of a brand new and thrilling chapter as we change into Leidos,” stated Leidos Australia Vice President of Airborne Options James Woodhams (previously Cobham Particular Mission Managing Director). “Leidos is a recognised employer of selection and I am actually enthusiastic about what being a part of Leidos means for our folks.”
The Particular Mission enterprise gives airborne border surveillance in addition to search and rescue providers to the Australian Federal Authorities. The enterprise owns and operates 14 modified plane to ship crucial providers throughout Australia, together with:
- Conducting one of many world’s largest managed service civil maritime surveillance operations beneath contract with the Australian Border Pressure whereas patrolling Australia’s 8.2 million sq. kilometre Unique Financial Zone;
- Offering mounted wing search-and-rescue response functionality over land and sea on behalf of the Australian Maritime Security Authority (AMSA); and
- Working a highly-specialised mission coaching system for greater than 30 mission aircrew per 12 months.
Leidos Australia is a trusted companion to the Australian Authorities, offering providers throughout info know-how initiatives and providers, intelligence (C4ISR) and Defence Missions Methods. Leidos Australia has 2,000 workers and is headquartered in Melbourne.
Leidos is a Fortune 500® know-how, engineering, and science options and providers chief working to unravel the world’s hardest challenges within the protection, intelligence, civil, and well being markets. The corporate’s 44,000 workers assist very important missions for presidency and industrial prospects. Headquartered in Reston, Virginia, Leidos reported annual revenues of roughly $13.7 billion for the fiscal 12 months ended December 31, 2021. For extra info, go to www.Leidos.com.
Cautionary Statements Concerning Ahead-Wanting Statements
This press launch comprises sure forward-looking statements inside the that means of the “protected harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995 with respect to Leidos’ acquisition of Cobham Aviation Companies Australia, together with statements relating to the advantages of the transaction and the merchandise and markets of every firm. These forward-looking statements typically are recognized by the phrases “consider,” “undertaking,” “predicts,” “price range,” “forecast,” “proceed,” “count on,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “plan,” “might,” “may,” “ought to,” “will,” “would,” “will probably be,” “will proceed,” “will probably end result,” and comparable expressions (or the detrimental variations of such phrases or expressions).
Ahead-looking statements are predictions, projections and different statements about future occasions which might be primarily based on present expectations and assumptions and, consequently, are topic to dangers and uncertainties. Many elements may trigger precise future occasions to vary materially from the forward-looking statements on this launch, together with however not restricted to: (i) the incidence of any occasion, change or different circumstance that might give rise to the termination of the merger settlement, (ii) the impact of the announcement of the transaction on Cobham Aviation Companies Australia’s enterprise relationships, working outcomes, and enterprise typically, (iii) dangers that the transaction disrupts present plans and operations of Leidos or Cobham Aviation Companies Australia and potential difficulties in Cobham Aviation Companies Australia’s worker retention on account of the transaction, (iv) dangers associated to diverting administration’s consideration from Cobham Aviation Companies Australia ongoing enterprise operations, (v) the end result of any authorized proceedings which may be instituted towards Leidos or towards Cobham Aviation Companies Australia associated to the merger settlement or the transaction, (vi) the flexibility of Leidos to efficiently combine Cobham Aviation Companies Australia’s operations, product traces, and know-how, and (vii) the flexibility of Leidos to implement its plans, forecasts, and different expectations with respect to Cobham Aviation Companies Australia’s enterprise after the completion of the proposed acquisition and notice extra alternatives for development and innovation.
As well as, please consult with the paperwork that Leidos recordsdata with the SEC on Varieties 10-Okay, 10-Q and 8-Okay. These filings establish and handle different vital dangers and uncertainties that might trigger occasions and outcomes to vary materially from these contained within the forward-looking statements set forth on this press launch. Ahead-looking statements converse solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and Leidos assumes no obligation and doesn’t intend to replace or revise these forward-looking statements, whether or not on account of new info, future occasions, or in any other case.