Leidos is carving out its security enterprise solutions business into a new joint venture with Altaris-owned Analogic, a move that will transfer about 1,500 employees and an estimated $625 million in projected 2026 revenue into the new company.
The venture is designed to combine Leidos’ security detection systems with Analogic’s imaging technology in a U.S.-based business with global reach. The companies said the combined operation will focus on airport, border and critical infrastructure screening, with an emphasis on next-generation technologies including AI-native and 3D imaging systems.
Leidos said the new structure will let it keep a significant minority stake while the joint venture operates under the Analogic brand. The deal is expected to close in the second half of 2026.
The transaction comes as Leidos continues to lean on a broader business that generated about $17.2 billion in annual revenue for the fiscal year ended Jan. 2, 2026. The company said the move supports its NorthStar 2030 strategy, while the new venture is intended to concentrate on growth in the global detection and imaging market. As a result of these announcements, the company's shares have moved -0.82% on the market, and are now trading at a price of $157.58. If you want to know more, read the company's complete 8-K report here.
