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.
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.
