Leidos closes Analogic security screening joint venture with Altaris
Leidos said on October 5, 2026 that it had completed a joint venture with investment firm Altaris that combines its Security Enterprise Solutions business with Analogic under the Analogic brand. Under the new JV agreement, the AHP Investor will appoint a majority of the board, while Leidos keeps a minority board position, minority protective rights and a significant minority ownership stake. The filing does not disclose a purchase price or the financial results of the businesses.
Key points
- JV closed on October 5, 2026, and the amended and restated LLC agreement was signed on the closing date.
- The AHP Investor will appoint a majority of the JV board and hold majority voting power; Leidos will initially designate a minority of board seats.
- No JV member, including Leidos, must make further capital contributions after closing; distributions are made at least once a year as the board determines.
- After the seventh anniversary of the JV closing, Leidos has certain liquidity demand exit rights, subject to limitations in the agreement.
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 October 05, 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.