MELBOURNE, Australia and RESTON, Va., Oct. 31,
2022 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE®
500 science and technology leader, today announced the completed
acquisition of Cobham Aviation Services Australia's Special Mission
business. The transaction was previously announced on August 2, 2022. The business will be integrated
into and operate as part of Leidos Australia.
The acquisition of Cobham Special Mission represents Leidos'
entry into the Australian aviation market, utilising state of the
art command and control systems and sensors on board aircraft to
deliver mission critical outcomes for the Australian
"We are excited and eager to formally welcome Cobham's Special Mission team to the Leidos
family," said Leidos Chairman and CEO Roger
Krone. "Bringing in the Special Mission business will build
on our global airborne ISR capabilities while providing new
opportunities for growth. Together with Leidos Australia
leadership, I look forward to working with this talented team."
"On behalf of Leidos, I want to express a warm welcome to the
Cobham Special Mission team," said Leidos Australia Chief Executive
Paul Chase. "This team brings a
tremendous reputation from across industry and Government. We look
forward to continuing to provide exceptional service to our
"It's a milestone day for all of us at Cobham Special Mission
and the beginning of a new and exciting chapter as we become
Leidos," said Leidos Australia Vice President of Airborne Solutions
James Woodhams (formerly Cobham
Special Mission Managing Director). "Leidos is a recognised
employer of choice and I'm really excited about what being part of
Leidos means for our people."
The Special Mission business provides airborne border
surveillance as well as search and rescue services to the
Australian Federal Government. The business owns and operates 14
modified aircraft to deliver critical services across Australia, including:
- Conducting one of the world's largest managed service civil
maritime surveillance operations under contract with the Australian
Border Force while patrolling Australia's 8.2 million square kilometre
Exclusive Economic Zone;
- Providing fixed wing search-and-rescue response capability over
land and sea on behalf of the Australian Maritime Safety Authority
- Operating a highly-specialised mission training system for more
than 30 mission aircrew per year.
Leidos Australia is a trusted partner to the Australian
Government, providing services across information technology
projects and services, intelligence (C4ISR) and Defence Missions
Systems. Leidos Australia has 2,000 employees and is headquartered
Leidos is a Fortune 500® technology, engineering, and science
solutions and services leader working to solve the world's toughest
challenges in the defense, intelligence, civil, and health markets.
The company's 44,000 employees support vital missions for
government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual
revenues of approximately $13.7
billion for the fiscal year ended December 31, 2021. For more information, visit
Cautionary Statements Regarding Forward-Looking
This press release contains certain forward-looking
statements within the meaning of the "safe harbor" provisions of
the U.S. Private Securities Litigation Reform Act of 1995 with
respect to Leidos' acquisition of Cobham Aviation Services
Australia, including statements regarding the benefits of the
transaction and the products and markets of each company. These
forward-looking statements generally are identified by the words
"believe," "project," "predicts," "budget," "forecast," "continue,"
"expect," "anticipate," "estimate," "intend," "strategy," "future,"
"opportunity," "plan," "may," "could," "should," "will," "would,"
"will be," "will continue," "will likely result," and similar
expressions (or the negative versions of such words or
Forward-looking statements are predictions, projections and
other statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
release, including but not limited to: (i) the occurrence of any
event, change or other circumstance that could give rise to the
termination of the merger agreement, (ii) the effect of the
announcement of the transaction on Cobham Aviation Services
Australia's business relationships, operating results, and business
generally, (iii) risks that the transaction disrupts current plans
and operations of Leidos or Cobham Aviation Services Australia and
potential difficulties in Cobham Aviation Services Australia's
employee retention as a result of the transaction, (iv) risks
related to diverting management's attention from Cobham Aviation
Services Australia ongoing business operations, (v) the outcome of
any legal proceedings that may be instituted against Leidos or
against Cobham Aviation Services Australia related to the merger
agreement or the transaction, (vi) the ability of Leidos to
successfully integrate Cobham Aviation Services Australia's
operations, product lines, and technology, and (vii) the ability of
Leidos to implement its plans, forecasts, and other expectations
with respect to Cobham Aviation Services Australia's business after
the completion of the proposed acquisition and realize additional
opportunities for growth and innovation.
In addition, please refer to the documents that Leidos files
with the SEC on Forms 10-K, 10-Q and 8-K. These filings identify
and address other important risks and uncertainties that could
cause events and results to differ materially from those contained
in the forward-looking statements set forth in this press release.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and Leidos assumes no obligation and does not intend to
update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise.
View original content to download