RESTON, Virginia, January 6, 2022 / PRNewswire / – Leidos (NYSE: LDOS), a FORTUNE® 500 leader in science and technology, today announced its intention to make a strategic investment in HawkEye 360, the world’s leading commercial provider of space-based radio frequency (RF) data and analysis. Businesses will share information and combine efforts to achieve transformational growth in data and analytics services.
“We are delighted to invest in HawkEye 360 and their innovative work to improve geospatial intelligence solutions,” said the executive vice president of Leidos National Security Space. Paul Engola. “We are convinced that this investment will strengthen our strong capacities in the area of national security space. It will also create innovative avenues to deliver bold solutions to our clients as they strive to protect the interests of the United States and its allies.
“HawkEye 360 is delighted to welcome such a distinguished defense and intelligence leader as Leidos to our world-class investor group,” said HawkEye 360 CEO Jean Serafini. “We look forward to harnessing their support to create meaningful value not only for the defense, intelligence and national security communities, but also for organizations tackling some of the most complex global challenges facing the world. mankind and the environment are in conflict. “
Leidos’ investment in HawkEye 360 will build on the company’s decades-long heritage of serving National Security Space customers. It will also support the creation of new differentiated technological capabilities.
HawkEye 360 provides a revolutionary source of global knowledge based on RF geospatial intelligence, further enhancing Leidos’ efforts to make the world a safer place. This mutual agreement will accelerate the growth of the company while creating new opportunities for clients in the humanitarian, environmental, commercial and national security sectors.
About Leidos
Leidos is a leader in Fortune 500® technology, engineering and science solutions and services that strives to solve the world’s most difficult challenges in the defense, intelligence, civilian and healthcare markets. The company’s 43,000 employees support vital missions for government and commercial customers. Based at Reston, VirginiaLeidos reported annual sales of approximately $ 12.30 billion for the year ended January 1, 2021. For more information, visit www.Leidos.com.
About HawkEye 360
HawkEye 360 provides a revolutionary source of global knowledge based on radio frequency (RF) geospatial intelligence to those working to make the world a safer place. The company operates the first commercial satellite constellation of its kind to detect, characterize and geotag a wide range of RF signals. This unique RF data and analysis provides our global customers with the high-impact information they need to make confident decisions. HawkEye 360 is headquartered at Herndon, Virginia.
Caution regarding forward-looking statements
The forward-looking statements contained in this press release involve risks and uncertainties that could affect the operations, markets, products, services, prices and other factors of Leidos, as set out in the documents filed with the Securities and Exchange Commission (the “SEC”). Without limiting the foregoing, forward-looking statements often use words such as “believe”, “anticipate”, “plan”, “expect”, “estimate”, “intend”, “seek”, “Plan”, “target”, “objective”, “can”, “will”, “should”, “could”, “should”, “could”, “pursue” and other words with similar meaning in the framework of a discussion about the transaction or the future exploitation or financial performance or events. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental and technological factors. Therefore, there can be no assurance that Leidos’ expectations will be realized. This press release also contains statements about the proposed investment in HawkEye 360 which are based on assumptions currently believed to be valid but involve significant risks and uncertainties, many of which are beyond Leidos’ control, which could result in Leidos’ actual results differ materially from these. forward-looking statements regarding the transaction, including the risks associated with the impacts of COVID-19 and related measures taken to prevent its spread, the dependence of the transaction on market conditions and the impact of a change in market conditions on the market. value to be received as part of the transaction, unforeseen liabilities, future capital expenditures, uncertainty as to the financial position and expected economic performance of the company after closing, including future income, expenses, profits, indebtedness, losses, prospects, business strategies for the direction, expansion and growth of the business after closure, Leidos’ ability to realize the benefits of the investment ahead of time and the risk that interruptions to the transaction could adversely affect Leidos’ business. Although the list of factors presented here is considered representative, none of these lists should be taken as a complete statement of all potential risks and uncertainties. Factors not listed may present additional material barriers to making forward-looking statements. The consequences of material differences in results from those anticipated in forward-looking statements could include, among others, business interruption, operational problems, financial losses, legal liability to third parties and similar risks, all of which could. have a material adverse effect on the consolidated financial position, results of operations or liquidity of Leidos. For a discussion identifying other material factors that could cause actual results to differ materially from those anticipated in forward-looking statements, see the documents filed by Leidos with the SEC, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations “And” Risk Factors “in Leidos’ annual report on Form 10-K for the financial year ended January 1, 2021and in its quarterly reports on Form 10-Q which are available on http://www.Leidos.com and on the SEC website at http://www.sec.gov. The forward-looking statements contained in this press release are made only as of the date of this press release. Readers are cautioned not to place undue reliance on forward-looking statements. Leidos assumes no obligation to provide revisions or updates to any forward-looking statement if circumstances change, except as otherwise required by securities and other applicable laws.
Contact:
Melissa Dueñas
(571) 526-6850
Melissa.L.Duenas@leidos.com
Thomas doheny
(571) 474-4735
Dohenyt@leidos.com
Alyssa pettus
(571) 992-5499
Alyssa.T.Pettus@leidos.com
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SOURCE Leidos Holdings, Inc.
