---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-021627"
form_type: "8-K"
ticker: "LDOS"
cik: "0001336920"
company_name: "Leidos Holdings, Inc."
filed_at: "2026-01-26T23:59:59+00:00"
generated_at: "2026-05-16T07:50:54.343715+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Leidos to acquire ENTRUST Solutions Group for $2.4B cash, doubling energy infrastructure business

## Summary
- Acquisition adds 5,500+ energy professionals and complements Leidos' utility engineering capabilities.
- Expected to close in Q2 2026; funded via new debt, cash on hand, and commercial paper.
- Immediately accretive to revenue growth and EBITDA margin; accretive to non-GAAP EPS in 2027.
- Doubles Leidos' $600M energy infrastructure engineering business, targeting growing utility budgets.
- Seller is Kohlberg; Citi advises Leidos; regulatory approval under HSR required.

## SEC filing metadata
- accession: 0001193125-26-021627
- form_type: 8-K
- ticker: LDOS
- cik: 0001336920
- company_name: Leidos Holdings, Inc.
- filed_at: 2026-01-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1336920/000119312526021627/0001193125-26-021627-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1336920/000119312526021627/d11290d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-021627
- JSON: https://secwatch.observer/filing/0001193125-26-021627.json
- Plain text: https://secwatch.observer/filing/0001193125-26-021627.txt

## Key facts
- Material Agreements
  Leidos Holdings, Inc. entered into Purchase Agreement with KENE Holdings, L.P. and KENE Parent, Inc. ("Entrust") valued at $2,400,000,000 (effective 2026-01-23).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: KENE Holdings, L.P. and KENE Parent, Inc. ("Entrust")
  - Value: $2,400,000,000
  - Effective: 2026-01-23
  source text: On January 23, 2026, Leidos, Inc. (the “ Purchaser ”), a Delaware corporation and wholly-owned subsidiary of Leidos Holdings, Inc. (“ Leidos ”), entered into a Stock Purchase Agreement (the “ Purchase Agreement ”) with KENE Holdings, L.P., a Delaware limited partnership (the “ Seller ”) and KENE Parent, Inc., a Delaware corporation (“ Entrust ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1336920/000119312526021627/0001193125-26-021627-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.