Leidos to sell engineering firm AMS to investors
US government contractor Leidos plans to divest its Aviation & Missile Solutions LLC (AMS) engineering business to focus on its “leading-edge and technologically advanced“ offerings, Leidos announced on 15 February.
Based in Huntsville, Alabama, AMS is part of Dynetics, which Leidos acquired for USD1.65 billion in 2020 to increase its capabilities in high-tech areas such as directed energy, hypersonics, and small-glide munitions.
Leidos is selling AMS to private investors, which it did not name, for USD18 million. When the transaction closes, which is expected in the current fiscal quarter, AMS will operate as a small business.
AMS was formed in 1999 as a joint venture between Camber Corporation and Dynetics. Dynetics became the sole owner of AMS in 2016 after Camber Corporation was acquired by Huntington Ingalls Industries.
In addition to disclosing the AMS divestiture, Leidos revealed on 15 February that it is investigating whether conduct in part of its international operations business may have violated the US Foreign Corrupt Practices Act, which prohibits US citizens from bribing foreign government officials. Leidos said it reported the investigation to the US Department of Justice and the US Securities and Exchange Commission.
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