Leidos Closes Analogic Deal to Expand Security Screening Portfolio
LDOS sits 19% above its 52-week low of $98.86.
Summary
Leidos contributed its SES/IA business to Nickel JV Ultimate Parent for 41.5% equity, while Altaris affiliates contributed Analogic Holding for 58.5% and sold their remaining stake for cash from new debt financing. The acquisition adds Analogic's computed tomography (CT) and advanced threat detection technology to Leidos' portfolio, expanding its presence in aviation and checkpoint security. This follows a series of strategic moves by Leidos in defense and security, including recent partnerships and contract wins. The deal is expected to enhance Leidos' product offerings and competitive position in the security screening market.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Leidos contributed SES/IA business to Nickel JV Ultimate Parent for 41.5% equity; Altaris affiliates contributed Analogic Holding for 58.5% and sold remaining stake for cash from new debt financing.
At the time of this announcement, LDOS was trading at $117.47 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $14.8B. The 52-week trading range was $98.86 to $205.77. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.