WASHINGTON (Sputnik) — Lockheed Martin already received the $1.8 billion special cash payment, which the corporation will use to repay debt, pay dividends, and/or repurchase its stock, according to the release.
"Lockheed Martin has completed the separation of its Information Systems & Global Solutions (IS&GS) business segment and merged it with a subsidiary of Leidos Holdings," the release said.
The deal is worth $4.6 billion including a cash payment to Lockheed Martin of $1.8 billion and $2.8 billion of Leidos stock to shareholders, the company stated.
"This strategic transaction enhances our competitive posture in our core aerospace and defense markets and increases the value we deliver to our stockholders," Lockheed Martin President and CEO Marillyn Hewson said in the release.
