Recent events
2017-07-01
Other facts
SECONDARY
Leidos expected to complete financial system integration in first quarter of following year after July 2017
2017-07-01
Transactions
PRIMARY
On July 1, 2017, Leidos transitioned IS&GS employees into consolidated HR and payroll systems and moved purchasing into single procurement system
2016-08-16
Other facts
INFERENTIAL
Leidos' acquisition of Lockheed IS&GS used a Reverse Morris Trust structure that typically involves creation of a special-purpose merger subsidiary (Lion Merger Co.), which may require separate DUNS/UEI identifiers in…
2016-08-16
Transactions
INFERENTIAL
The Reverse Morris Trust structure used in the Leidos/Lockheed Martin IS&GS acquisition likely deferred federal capital gains tax on the $1.8 billion cash payment to Lockheed Martin, a standard feature of such…
2016-08-16
Transactions
PRIMARY
Lockheed Martin stockholders received approximately 50.5% stake in Leidos (approximately 77 million shares)
2016-08-16
Other facts
INFERENTIAL
The Leidos-IS&GS acquisition used a Reverse Morris Trust structure common for tax-free spin-mergers, which inherently requires stock distribution to Lockheed Martin shareholders and does not by itself indicate any…
2016-08-16
Transactions
INFERENTIAL
No public CFIUS filing or notice was ever published for the $4.6 billion Leidos-Lockheed IS&GS transaction, which is consistent with the transaction having been structured to fall below mandatory notification thresholds.
2016-08-16
Other facts
INFERENTIAL
Leidos's 8-K filing (8/16/2016) confirms Lion Merger Co. merged into Leidos on the effective date, meaning the subsidiary's legal existence was extinguished on that day — not retained through July 2017 — making it…
2016-08-16
Other facts
INFERENTIAL
Leidos's use of a special-purpose merger subsidiary ('Lion Merger Co.') is a structural element consistent with complex deal engineering to maintain U.S. ownership and control thresholds, including those relevant to…
2016-08-16
Transactions
INFERENTIAL
The Reverse Morris Trust structure required approximately 77 million Leidos shares to be distributed to Lockheed Martin shareholders, creating a dual-ownership period that may have complicated contract administration…
2016-08-16
Other facts
INFERENTIAL
The IS&GS acquisition was structured as a Reverse Morris Trust transaction specifically to distribute Lockheed Martin's IS&GS shares to Lockheed shareholders, who then held 50.5% of Leidos stock — a structure that…
2016-08-16
Transactions
PRIMARY
The transaction involved $1.8 billion special cash payment to Lockheed Martin and $2.8 billion in Leidos common stock distribution
2016-08-16
Other facts
INFERENTIAL
Lockheed Martin retained approximately 50.5% ownership of Leidos common stock immediately after the August 2016 transaction, creating a temporary dual-ownership period that could have affected government contract…
2016-08-16
Other facts
INFERENTIAL
Leidos's acquisition of Lockheed Martin IS&GS closed on August 16, 2016, but the first day employees of the acquired division could have been operating under Leidos's consolidated HR/payroll systems was July 1, 2017…
2016-08-16
Transactions
PRIMARY
On August 16, 2016, Leidos completed the acquisition of Lockheed Martin's Information Systems & Global Solutions business through a Reverse Morris Trust transaction valued at $4.6 billion
2016-08-08
Votes
INFERENTIAL
Leidos' August 8, 2016 S-4 registration statement for the IS&GS acquisition does not reference CFIUS review or notification as a required regulatory approval for the transaction, suggesting the parties determined the…
2016-08-01
Other facts
INFERENTIAL
Leidos's pre-merger S-4 registration statement (filed August 2016) contained audited historical financial statements of IS&GS for FY2013-FY2015, fulfilling the SEC's extra disclosure requirements for a Reverse Morris…
2016-06-15
Other facts
INFERENTIAL
The concurrent transfer of approximately 25,000 IS&GS employees with existing security clearances may have required contract identifier preservation to maintain classified work continuity, complicating standard DUNS…
2016-06-15
Other facts
SECONDARY
Lockheed Martin retained a 50.5% equity stake in Leidos immediately post-transaction before divesting to below 20%, creating ongoing related-party disclosure obligations that may have complicated standard SEC reporting…
2016-06-15
Other facts
SECONDARY
The Leidos-Lockheed Martin IS&GS transaction required shareholder approval and regulatory clearances that would mandate specific SEC disclosure filings, making their apparent absence in available datasets a data…
2016-06-15
Other facts
SECONDARY
Lockheed Martin's retention of majority equity stake (50.5%) immediately post-transaction created dual corporate control that may have delayed federal contract database updates pending full divestiture
2016-06-15
Transactions
SECONDARY
Federal securities regulations mandate Form 8-K disclosure within four business days of material definitive agreements, making extensive SEC filings legally required for the $4.6 billion Leidos-Lockheed Martin IS&GS…
2016-06-15
Other facts
INFERENTIAL
CFIUS approval requirements for the IS&GS transaction due to classified contract transfers may have imposed disclosure sequencing restrictions that could explain altered SEC filing timing patterns during the review…
2016-06-15
Other facts
INFERENTIAL
Leidos's 2016 acquisition of Lockheed Martin's IS&GS division may have created contract data visibility issues if inherited contracts maintained original corporate identifiers or DUNS numbers in federal systems
2016-06-15
Other facts
INFERENTIAL
The Leidos-Lockheed Martin IS&GS acquisition was structured as a Reverse Morris Trust, which likely required contract novation for all existing federal contracts held by Lockheed IS&GS, a process that can temporarily…
+10 earlier events on the chart
