Tag Archives: Dynetics

TYSONS CORNER, VA, March 31, 2020 — Roger Krone, chairman and CEO of Leidos (NYSE: LDOS) and a recipient of the 2020 Wash100 award, has said the company will pair Dynetics with an innovation center that focuses on exploring emerging technology, ExecutiveBiz reported March 18.

Executive Mosaic is happy to present Jim Reagan, executive vice president and chief financial officer of Leidos, as an inductee into the 2020 Wash100 Award for securing major contract awards and acquisitions to drive company growth and expand Leidos’ portfolio in the federal sector.

Roger Krone, chairman and CEO of Leidos (NYSE: LDOS) and a 2020 Wash100 award winner, said during an interview on CNBC’s "Squawk Alley" program aired Tuesday that significant government contracts and major acquisitions will support momentum for the Reston, Va.-based company this year. Shares in Leidos gained 10 percent in midday trade Tuesday.

Dynetics -- now officially part of Leidos (NYSE: LDOS) -- has secured a potential five-year, $93M contract to help the U.S. Air Force update a range of equipment and systems used to simulate weapons. The company will modernize Guided Weapons Evaluation Facility systems, provide vehicle hardware for Air Force Research Laboratory's loop simulators and develop a combat identification multiplatform for joint use, the Department of Defense said Friday.

Leidos (NYSE: LDOS) finalized its purchase of Huntsville, Ala.-based technology services contractor Dynetics for approximately $1.65B in cash a month after the transaction was initially announced.

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.

General Atomics’ aeronautical systems business tested a Dynetics-built small glide munition aboard a long-range variant of the MQ-1C Gray Eagle unmanned aircraft system during a flight demonstration at a military test range in California.

Dynetics has secured a potential 10-year, $737.9M contract for support services to a facility where the Defense Intelligence Agency assesses data on foreign weapons systems.

The General Services Administration has awarded SRC a spot on a potential 10-year, $376M blanket purchase agreement for mission support services to a U.S. Air Force-managed intelligence data hub.

A General Atomics business unit will produce mechanical, cabling and electrical systems for the U.S. Army's Common Hypersonic Glide Body program as part of a Dynetics-led industry team that won a $351.6M other transaction agreement in September.