LDOS · 8-K · 20261005PR413208

Acquisition / Partnership / Divestiture

Leidos Holdings, Inc. · 2026-10-05 · Importance 47 · Surprise 60

Leidos and investment firm Altaris completed a transaction to form a U.S.-based joint venture operating under the Analogic brand, combining Leidos’s Security Enterprise Solutions business with Analogic. Leidos will retain a significant minority ownership stake, but the release does not disclose transaction consideration, ownership percentages, or the value of the stake. The joint venture combines security-screening technologies, engineering expertise, and advanced manufacturing capabilities for airports, borders, and critical infrastructure worldwide. Leidos said the transaction sharpens its focus on growth engines under its NorthStar 2030 strategy while it continues work on airport modernization and air traffic systems.

Key facts

• On October 5, 2026, Leidos and Altaris completed their previously announced transaction to form a U.S.-based joint venture for advancing security screening worldwide. source
• Leidos retained a significant minority ownership stake in the joint venture. source
• The joint venture operates under the Analogic brand and combines complementary security screening technologies, engineering expertise and advanced manufacturing capabilities. source
• Leidos identified the joint venture’s ability to integrate the SES business and Analogic, and whether it does so within an anticipated timeline, as a risk. source
• Leidos said the joint venture’s launch sharpens its focus on the growth engines driving its NorthStar 2030 strategy. source
• Leidos identified the new joint venture’s future operational and financial performance as a factor that could cause actual results to differ materially from anticipated results. source
• Leidos identified the joint venture’s ability to service its indebtedness as a risk. source