Leidos has completed its deal with investment firm Altaris to form a scaled U.S.-based joint venture focused on security screening for airports, borders and critical infrastructure.
The new company will operate under the Analogic brand and combines security screening technologies, engineering expertise and manufacturing capabilities. Leidos said it will keep a significant minority ownership stake in the venture.
The transaction shifts part of Leidos’ security screening business into the new company while leaving the rest of its aviation work intact. Leidos said it will continue work across the broader aviation ecosystem, including airport and air traffic system modernization.
The company described the move as sharpening its focus on the growth engines behind its Northstar 2030 strategy. Leidos also said the combination creates a U.S.-based security screening business with the scale to address global demand.
Leidos said it has about 50,000 employees worldwide and reported annual revenue of about $17.2 billion for the fiscal year ended Jan. 2, 2026. Following these announcements, the company's shares moved -3.47%, and are now trading at a price of $117.74. For the full picture, make sure to review Leidos's 8-K report.
