Gibbs & Cox is looking forward to joining the Leidos team!

March 3, 2021

From the Leidos Holdings, Inc. Fourth Quarter and Fiscal Year 2020 Report:
Consistent with Leidos strategy to add capabilities and deepen customer relationships, [Leidos Holdings, Inc.] has entered into a definitive agreement to acquire Gibbs & Cox, Inc. (“Gibbs & Cox”), the largest, full-service independent engineering and design firm specializing in naval architecture and marine engineering, for $380 million in cash. Headquartered in Arlington, Virginia, Gibbs & Cox has 525 employees. Over its 90 plus year history, Gibbs & Cox has remained a leader in maritime innovation and is on the frontlines of providing maritime solutions. The deal extends Leidos into an attractive maritime market where Leidos is under-penetrated today, and adds valuable engineering talent (naval architects and digital engineers) to the team. It further positions Leidos for long-term growth in the maritime unmanned market – a market requiring tight integration of ship design and autonomy systems. The transaction is expected to close in the second quarter of fiscal year 2021, subject to satisfaction of customary closing conditions.

“The quality of the personnel provided is very high …. capability and leadership skills have been of significant value to the program. No suggestions for improved performance. Thank you for your contribution to [the] Program – please keep on doing what you’re doing."