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Leidos Strikes $1.65B Cash Deal for Dynetics; Roger Krone Quoted

Leidos (NYSE: LDOS) has agreed to acquire Huntsville, Ala.-based technology services contractor Dynetics for approximately $1.65B in cash to further build up its position in the intelligence, civil and defense markets. "The addition of Dynetics will significantly increase our capabilities for rapid prototyping and agile system integration and production, enhancing our overall offerings and services to customers," said Roger Krone, chairman and CEO of Leidos and a 2019 Wash100 winner.

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Dynetics-Led Team to Build Army Laser Weapon Demonstrator Under $130M Contract

The U.S. Army has awarded a Dynetics-led industry team a potential $130M contract to build and demonstrate a 100-kilowatt-class laser weapons system. Dynetics said Wednesday its partners for the High Energy Laser Tactical Vehicle Demonstrator program are Lockheed Martin (NYSE: LMT), Rolls-Royce and MZA Associates. “High energy laser weapons have been …

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Kim Doering, Mike Durboraw, Keith McCollum Named to VP Roles at Dynetics

Dynetics has promoted Kim Doering, Mike Durboraw and Keith McCollum to vice president roles to lead the company’s space systems, intelligence and spectrum warfare, and systems technologies divisions. Doering, a three-decade aerospace veteran, will serve as VP of space systems division with oversight on space programs for NASA, Defense Department and …

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Dynetics to Produce Small Glide Munitions for SOCOM Under $470M IDIQ

Dynetics has landed a potential $470 million sole-source contract to manufacture GBU-69/B Small Glide Munitions for the U.S. Special Operations Command. USSOCOM will obligate $10.4 million in fiscal 2016 procurement funds at the time of award, the Defense Department said Friday. The company will perform majority of work in Huntsville, Ala., over five ordering periods and could extend …

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Kratos to Support Dynetics in Phase 3 of DARPA’s Drone Swarming Program

TYSONS CORNER, VA, April 20, 2018 — A Kratos Defense and Security Solutions (Nasdaq: KTOS) business unit will work with partner Dynetics as the team advances to the third phase of a Defense Advanced Research Projects Agency program for the aerial launch and recovery of multiple drones, ExecutiveBiz reported Thursday. …

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Dynetics to Help Army Develop, Integrate Weapons Tech Under $159M OASIS Task Order

Dynetics has received a potential five-year, $159 million task order to provide support services to the weapons development and integration directorate within the U.S. Army‘s Aviation and Missile Research, Development and Engineering Center. The company said Thursday it will help WDI design, develop, prototype, fabricate and simulate multiple types of sensor, warheads, fuzes, safety and …

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