Leidos forms joint venture with Altaris/Analogic, contributing SES/IA business for 41.5% stake

Leidos Holdings, Inc.

Leidos contributes Security Enterprise Solutions & Industrial Automation businesses to JV; receives 41.5% equity, Altaris entities receive 58.5%.
JV will combine ~1,500 employees and ~$625M Leidos projected 2026 revenue with Analogic; to operate under Analogic brand.
Transaction expected to close in H2 2026, subject to regulatory approvals and other customary closing conditions.
Leidos retains minority stake; JV aims to strengthen U.S. security screening capabilities and accelerate AI-native imaging solutions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Leidos Holdings, Inc. entered into Contribution and Equity Purchase Agreement with Altaris, LLC valued at Leidos Inc. contributes SES/IA Business to JV for 41.5% equity; AHP Entities contribute Analogic Hol (effective 2026-04-14).

Action: entry
Agreement: merger
Counterparty: Altaris, LLC
Value: Leidos Inc. contributes SES/IA Business to JV for 41.5% equity; AHP Entities contribute Analogic Hol
Effective: 2026-04-14

Exact text from the filing

On April 14, 2026, Leidos, Inc. (“ Leidos Inc. ”), a Delaware corporation and a wholly-owned subsidiary of Leidos Holdings, Inc. (“ Leidos ”), entered into a Contribution and Equity Purchase Agreement (the “ Contribution Agreement ”), together with Leidos solely for certain limited purposes set forth therein, with certain affiliates of Altaris, LLC, a Delaware limited liability company (“ Altaris ,” and such affiliates, the “ AHP Entities ”), to form a new joint venture (the “ JV ”) combining the Security Enterprise Solutions and the Industrial Automation businesses of Leidos (together, the “ SES/IA Business ”) with Analogic Corporation (“ Analogic ”), a portfolio company of Altaris.

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Leidos Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-155884

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