Leidos to Acquire Dynetics for $1.65bn

Dynetics and its partners are building the army’s laser weapon system demonstrator

Leidos Holdings, Inc., a FORTUNE 500 company, announced that it has entered into a definitive agreement to acquire privately-owned Dynetics, Inc. (“Dynetics”), an industry-leading applied research and national security solutions company, for $1.65 billion in cash. The Board of Directors of both companies unanimously approved the transaction. Continue reading

Turkey’s New Drone Comes with a Machine Gun

A drone with a machine gun attached can hit targets with high precision, according to its makers. Turkey is set to become the first country to have the drone, when it gets a delivery this month. The 25-kilogram drone has eight rotating blades to get it in the air. Its machine gun carries 200 rounds of ammunition and can fire single shots or 15-round bursts. Continue reading