Leidos and Analogic Complete Joint Venture to Enhance Global Security Screening
Leidos (NYSE: LDOS) has completed a joint venture with investment firm Altaris to form a U.S.-based company focused on advancing security screening technologies for airports, borders, and critical infrastructure. The new entity will operate under the Analogic brand and combines Leidos' engineering expertise with Analogic's advanced imaging and detection capabilities. Leidos retains a significant minority stake in the joint venture. This partnership aims to address evolving global security needs while supporting national defense missions. Leidos CEO Tom Bell emphasized that this move aligns with the company’s NorthStar 2030 strategy, focusing on growth areas within its core markets. The new entity is expected to leverage both companies' strengths in innovation and manufacturing. Leidos reported $17.2 billion in annual revenue for fiscal year 2026 and employs approximately 50,000 people globally.
Tickers: $LDOS
Topics: aviation security joint venture national security security screening