LDOS · 8-K · 20260804PR000243

Acquisition / Partnership / Divestiture

Leidos Holdings, Inc. · 2026-08-04 · Importance 100 · Surprise 100 · In source text

Leidos acquired ENTRUST Solutions Group on March 27, 2026, contributing $141 million of second-quarter Homeland revenue and $371 million of Homeland backlog at the acquisition date. Six-month investing cash flow included $2.338 billion for business acquisitions, compared with $285 million in the prior-year period. The company recorded $29 million of second-quarter costs related to the Entrust acquisition and pending joint venture with Analogic Corporation. A five-year, $270 million CBP Medium Energy Mobile Systems contract is intended to align with the Leidos Security Enterprise Solutions and Analogic joint venture after formation.

Key facts

• As of March 27, 2026, Entrust had $371 million of backlog that was included within the Homeland reportable segment source
• Net income and diluted EPS for the quarter reflect $29 million in costs associated with the acquisition of ENTRUST Solutions Group and the pending joint venture with Analogic Corporation, as well as restructuring costs associated with the NorthStar 2030 re-alignment source
• Goodwill increased to $7,663 million at July 3, 2026 from $6,342 million at January 2, 2026 source
• Homeland revenue growth included $141 million from the acquisition of ENTRUST Solutions source
• Intangible assets, net increased to $943 million at July 3, 2026 from $458 million at January 2, 2026 source
• Intelligence & Digital growth included $9 million from Kudu Dynamics through May 23, 2026 (12 months from the close of the acquisition) source

Impact estimates