GAO Denies Lockheed Protest Of $500M Tech Contract

Law360, Washington (October 6, 2016, 1:42 PM EDT) -- Lockheed Martin Integrated Systems Inc.'s $5 billion Leidos deal has come back to bite it a second time, when the U.S. Government Accountability Office backed the U.S. Army Corps of Engineers' decision to award Science Applications International Corp. a $500 million computer contract over uncertainty tied to the deal.

The decision released Wednesday said the Corps could make reasonable decisions about the uncertainty caused by the deal based on the deal announcement in January. The deal, which combined Leidos and Lockheed's IT systems unit, included a $1.8 billion payment to Lockheed and stock exchanges as part of the transaction that combined...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!