Leidos Forms Joint Venture with Altaris-Owned Analogic, Contributing Security Enterprise Solutions Business

summarizeSummary

Leidos Holdings, Inc. has entered into a definitive agreement to form a joint venture with Altaris, combining its Security Enterprise Solutions and Industrial Automation businesses with Analogic Corporation, with Leidos retaining a 41.5% equity stake.

check_boxKey Events

• Joint Venture Formation

  Leidos is forming a new joint venture with Altaris, LLC, combining its Security Enterprise Solutions and Industrial Automation businesses with Analogic Corporation.

• Equity Stake

  Leidos will hold a 41.5% equity interest in the new joint venture, while Altaris affiliates will hold 58.5%.

• Strategic Divestiture

  Leidos is contributing businesses with $625 million in projected 2026 revenue, allowing it to focus on its core NorthStar 2030 strategy.

• Regulatory Approvals and Timeline

  The transaction is subject to customary closing conditions, including HSR Act and other regulatory approvals, with an expected closing in the second half of 2026.

auto_awesomeAnalysis

This 8-K filing formalizes the strategic joint venture announced earlier today, detailing the Contribution and Equity Purchase Agreement. Leidos is contributing its Security Enterprise Solutions and Industrial Automation businesses, representing $625 million in projected 2026 revenue, to a new entity that will combine with Altaris-owned Analogic Corporation. Leidos will hold a 41.5% equity interest in the new joint venture, which aims to enhance security screening capabilities and promote innovation. This move allows Leidos to streamline its operations and focus on core growth areas as part of its NorthStar 2030 strategy, while still participating in the future success of the divested businesses. The transaction is subject to regulatory approvals and is expected to close in the second half of 2026.