IT, engineering and science solutions provider Leidos announced it has finalized the acquisition of L3Harris Technologies’ Security Detection and Automation businesses for approximately $1 billion in cash.
The transaction was previously announced Feb. 4.
“In line with our mission of making the world safer, healthier and more efficient, this security detection and automation acquisition furthers our important work in the secure movement of people and commerce globally,” said Leidos Chairman and CEO Roger Krone. “We are excited to support critical infrastructure wherever it is needed, and to help transform the global security marketplace.”
The acquired businesses will provide airport and critical infrastructure screening products, automated tray return systems and other industrial automation products. They will operate within the Leidos Civil Group, led by Civil Group President Jim Moos.
The deal expands Leidos’ scope and scale in securing ports and borders, improving passenger movement in airports of the future and strengthening infrastructure for national security and public venues, Moos said.
“We are pleased to welcome more than 1,200 L3Harris employees around the world to the Leidos team, who share our deep commitment of providing our customers with a fully-integrated security technology ecosystem,” he added.