Leidos and Altaris Close Deal to Form Analogic Security Screening Joint Venture

PR Newswire··US·Read original
3▲1 ▼0Impact / 5
Summary · why it matters

Leidos and investment firm Altaris have completed their previously announced transaction to form a scaled U.S.-based joint venture for advancing security screening at airports, borders and critical infrastructure worldwide. Operating under the Analogic brand, the new company combines complementary security screening technologies, engineering expertise and advanced manufacturing capabilities, and Leidos will retain a significant minority ownership stake in it, maintaining its interests in a critical national security market. Leidos Chief Executive Officer Tom Bell said the joint venture creates an American innovator with the technology, talent and scale to address rapidly evolving global security screening needs, and that its launch sharpens the company's focus on the growth engines driving its NorthStar 2030 strategy. In parallel with the mission of the Analogic joint venture, Leidos will continue its work across the broader aviation ecosystem, including modernizing airports and air traffic systems. Leidos, headquartered in Reston, Virginia, reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026, while Analogic is headquartered in Salem, New Hampshire, and Altaris manages $9+ billion of equity capital.

Impact on assets 1

Defense & Geopolitical Fragmentation▲ · 1 stocks
Leidos Holdings Inc
LDOS
▲ PositiveCapitalrelevance

Leidos completed the transaction forming the Analogic security screening joint venture, retaining a significant minority stake while sharpening focus on its NorthStar 2030 growth strategy.

Off-coverage companies 1

Altaris Capital PartnersPrivate▲ Positive
Capitalrelevance

Altaris closed the deal with Leidos to form the Analogic security screening joint venture, combining its portfolio company's technology and manufacturing capabilities.

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