Reston-based Fortune 500 government contractor Leidos Holdings Inc. has agreed to acquire Arlington engineering and design firm Gibbs & Cox Inc. in a $380 million cash transaction as part of its efforts to expand into the maritime market and add engineering talent to its team.
Leidos expects the deal to be completed in the second quarter of fiscal year 2021, subject to customary closing conditions.
Gibbs & Cox has 525 employees focused on delivering naval architecture and maritime engineering support to the U.S. Navy, government customers and international clients. Its core capabilities also include electrical engineering and design integration, environmental, safety and health, program management, structural engineering and production design.
