Leidos Deal Losses Are Cautionary Tale For Contractor M&A

By Daniel Wilson (October 14, 2016, 4:29 PM EDT) -- A recent merger between a former Lockheed Martin unit and Leidos that has cost the combined company more than $5.5 billion in federal contracts because of perceived risks shows the broad power that contracting officers hold, with only limited mitigation options open to companies.

The $5 billion tie-up between Lockheed Martin Corp.'s former Information Systems & Global Solutions, or IS&GS, business and Leidos was announced in January and closed on Aug. 19, with both companies touting benefits to their core business from the merger.

But despite the perceived advantages, the deal has also proven to have a significant downside, so far...

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