Leidos Forms Security Screening JV with Analogic, Contributing $625M Revenue Business
LDOS is trading near its 52-week low of $136.91 (15% above the low).
Summary
Leidos Holdings is forming a joint venture with Analogic, an Altaris-owned company, by contributing its Security Enterprise Solutions (SES) business. This strategic move involves approximately 1,500 employees and $625 million in projected 2026 revenue from Leidos, which will retain a significant minority ownership in the new entity operating under the Analogic brand. This transaction is material, representing about 3.6% of Leidos' reported FY25 annual revenue of $17.2 billion. The partnership aims to strengthen global security screening capabilities, promote innovation, and allow Leidos to focus on other core growth areas outlined in its NorthStar 2030 strategy. The deal is expected to close in the second half of 2026, subject to regulatory approvals.
At the time of this announcement, LDOS was trading at $156.87 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $19.7B. The 52-week trading range was $136.91 to $205.77. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.