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Exclusive: Leidos nears $5 billion deal for Lockheed's IT businesses

2016-01-19 19:18:30| IT Services - Topix.net

Reston, Virginia-based Leidos submitted an offer earlier this month that prevailed over rival U.S. defense contractor CACI International Inc ( Leidos plans to merge with the Lockheed businesses for sale under a so-called Reverse Morris Trust, a transaction that allows a parent company to divest a unit in a tax-efficient manner, according to the sources. If the terms of the potential agreement are finalized, Leidos and Lockheed Martin could announce a deal as early as next week, the people added.

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Category:Information Technology

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