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January 7, 2022

Leidos makes strategic investment in HawkEye 360

The investment brings the total value of Series D funding to $150m.

Leidos has become an investor and strategic partner of the space-based radio frequency (RF) data and analytics company HawkEye 360, by making a $5m investment.

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The company participated in a Series D funding round. HawkEye 360 brought the total amount of Series D funding to $150m.

The investment will enable Leidos to use HawkEye 360’s unique RF intelligence data to build advanced collaborative analytics.

Leidos National Security Space executive vice-president Paul Engola said: “We are pleased to invest in HawkEye 360 and their innovative work to enhance geospatial intelligence solutions.

“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 US and allied interests.”

HawkEye 360 provides actionable insights by processing and analysing RF data that is accurately detected and then geolocated, identified, and differentiated by the company’s constellation.

This data is picked from maritime and land-based radar systems, L-band satellite devices, emergency beacons, VHF marine radios, UHF push-to-talk radios and various emitters.

PJT Partners and WilmerHale acted as the exclusive financial advisor and placement agent, and legal counsel for HawkEye 360, respectively.

HawkEye 360 CEO John Serafini said: “HawkEye 360 is pleased to welcome such a distinguished defence and intelligence leader as Leidos to our group of world class investors.

“We look forward to harnessing their support to create significant value, not only for the defence, intelligence and national security communities, but also for organisations addressing some of the most complex global challenges facing humanity and the environment.”

In November last year, Leidos announced that it would be providing GEOINT capability for UK NCGI’s PICASSO programme.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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