Leidos to form security joint venture with Altaris-owned Analogic, closing second half 2026
Leidos agreed on April 14, 2026 to combine its Security Enterprise Solutions and Industrial Automation businesses with Analogic, a portfolio company of Altaris, in a new joint venture. Leidos will hold 41.5% of the joint venture and the Altaris entities will hold 58.5%, and the deal is expected to close in the second half of 2026 subject to regulatory approvals. The filing does not disclose a purchase price, and the press release says Leidos will contribute about $625 million in projected 2026 revenue and roughly 1,500 employees.
Key points
- Leidos will hold 41.5% of the new joint venture; Altaris-affiliated entities will hold 58.5%
- Leidos will contribute about 1,500 employees representing $625 million in projected 2026 revenue
- Closing is expected in the second half of 2026, subject to Hart-Scott-Rodino review and other regulatory approvals
- Either party may terminate if the deal is not completed by the six-month anniversary of signing, with an automatic three-month extension
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 15, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.