Monitor for regulatory approval timelines, particularly from antitrust authorities, as this will determine the closing schedule. The joint venture could enhance Leidos' position in security screening technology, but investors should watch for integration challenges and whether the partnership achieves expected synergies in research, development, and manufacturing.
Price Chart
Executive Summary
Leidos is forming a joint venture by combining its Security Enterprise Solutions and Industrial Automation businesses with Analogic Corporation, a portfolio company of Altaris. The transaction involves a restructuring and equity exchange, with Leidos retaining a 41.5% stake in the new entity. The deal is expected to close in the second half of 2026, subject to regulatory approvals.
Key Financial Metrics
Key Facts
- Leidos is combining its Security Enterprise Solutions and Industrial Automation businesses with Analogic Corporation
- The joint venture will be structured through a contribution and equity purchase agreement
- Leidos will retain a 41.5% ownership stake in the new entity
- The transaction is expected to close in the second half of 2026
- Closing is subject to regulatory approvals including antitrust review
- The deal aims to strengthen security screening capabilities for airports, borders, and critical infrastructure
Financial Impact
Leidos contributing approximately 1,500 employees and $625 million in projected 2026 revenue to the joint venture
Risk Factors
- Regulatory approval delays or denials
- Integration challenges between the combined businesses
- Failure to realize expected synergies in R&D and manufacturing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-155884 |
| Document: d148240d8k.htm | 0001193125-26-155884 |
| Document: d148240dex991.htm | 0001193125-26-155884 |
| Document: 0001193125-26-155884-index-headers.html | 0001193125-26-155884 |
| Document: 0001193125-26-155884-index.html | 0001193125-26-155884 |
| Document: 0001193125-26-155884.txt | 0001193125-26-155884 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 17d ago | Press Release | $129.24 $123.31 | ▼ −4.59% | ▼ −6.72% | $119.06 (−7.88%) |
Sep 9, 2026 23d ago | GOVT-CONTRACT | $128.14 $129.35 | ▲ +0.94% | ▲ +1.60% | $119.06 (−7.09%) |
Aug 31, 2026 4w ago | GOVT-CONTRACT | $140.21 $129.24 | ▼ −7.82% | ▼ −7.68% | $119.06 (−15.09%) |
Aug 31, 2026 4w ago | GOVT-CONTRACT | $140.21 $129.24 | ▼ −7.82% | ▼ −7.68% | $119.06 (−15.09%) |
Aug 31, 2026 4w ago | GOVT-CONTRACT | $140.21 $129.24 | ▼ −7.82% | ▼ −7.68% | $119.06 (−15.09%) |
Aug 25, 2026 5w ago | Press Release | $134.54 $139.18 | ▲ +3.45% | ▲ +3.99% | $119.06 (−11.51%) |
Aug 12, 2026 7w ago | Institutional Cluster | $140.38 $146.31 | ▲ +4.22% | ▲ +4.67% | $119.06 (−15.19%) |
Aug 11, 2026 7w ago | 144 | $140.66 $143.37 | ▲ +1.93% | ▲ +2.33% | $119.06 (−15.36%) |
Aug 3, 2026 8w ago | Press Release | $118.72 $139.10 | ▲ +17.17% | ▲ +15.14% | $119.06 (+0.29%) |
Aug 3, 2026 8w ago | GOVT-CONTRACT | $118.72 $139.10 | ▲ +17.17% | ▲ +15.14% | $119.06 (+0.29%) |
US Market Status
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