Dynetics buys prototyping firm Spire
Dynetics, a subsidiary of US government technology provider Leidos, recently acquired Spire Advanced Technology Holdings to expand its “rapid prototyping and advanced manufacturing” capabilities, according to a Dynetics spokesperson.
Leidos paid approximately USD36 million for Spire, which is based in Colorado and has about 100 employees.
In the third quarter of 2021, “we added a small strategic acquisition to our Dynetics subsidiary to accelerate some of its growth opportunities”, Leidos chairman and CEO Roger Krone told analysts on 2 November, without naming the acquired company.
Dynetics itself is relatively new to Leidos, which purchased Dynetics for USD1.65 billion in 2020, citing the Huntsville, Alabama-based firm's capabilities in such high-tech growth areas as directed energy, hypersonics, and small glide munitions, as well as its rapid prototyping capabilities, sizable production space, and important US military customers.
Leidos' other recent acquisitions include naval ship design business Gibbs & Cox for USD380 million in May and information technology firm 1901 Group for USD215 million in January.
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