Leidos (NYSE:LDOS) will make a $5 million strategic investment in HawkEye 360, a leading commercial provider of space-based radio frequency (RF) data and analytics — this brings the total of the firm’s Se ries D round to $150 million. The companies will share information and combine efforts to achieve transformational growth in data and analytical services.
Leidos’ investment in HawkEye 360 will build on the company’s multi-decade heritage of serving National Security Space customers and will also support the creation of new, differentiated technological capabilities.
HawkEye 360 delivers a groundbreaking source of global knowledge based on RF geospatial intelligence, further accentuating Leidos’ efforts to make the world a safer place. This mutual agreement will accelerate the company’s growth while creating new opportunities for customers in the humanitarian, environmental, commercial and national security sectors.
“We are pleased to invest in HawkEye 360 and their innovative work to enhance geospatial intelligence solutions,” said Leidos National Security Space Executive Vice President, Paul Engola. “We’re confident this investment will strengthen our robust capabilities in the National Security Space arena. This will also create innovative pathways to deliver bold solutions to our customers as they work to safeguard U.S. and allied interests.”
“HawkEye 360 is pleased to welcome such a distinguished defense and intelligence leader as Leidos to our group of world class investors,” said HawkEye 360 CEO, John Serafini. “We look forward to harnessing their support to create significant value not only for the defense, intelligence and national security communities, but also for organizations addressing some of the most complex global challenges facing humanity and the environment.”