Leidos and Altaris security screening joint venture (Analogic)
Leidos put its airport and border screening business into a joint venture with Analogic, owned by healthcare investor Altaris, keeping a significant minority stake.
- Company
- Analogic / Leidos Security Enterprise Solutions
- Type
- JV / capital partnership
- Status
- Completed
- Date
- 5 Oct 2026
- Value
- Not disclosed
- Value basis
- Not disclosed; Leidos 41.5%, Altaris 58.5%, with new JV debt financing to buy out the rest of Analogic
- Region
- US
- Segment
- Security and detection
Parties
Key terms
- Leidos contribution
- Security Enterprise Solutions and related businesses, for 41.5% of the JV
- Altaris contribution
- Part of its Analogic shares, for 58.5%; the JV bought the remaining Analogic shares with new debt financing
- Governance
- Altaris appoints a board majority; Leidos has minority protective rights
- Transfers
- Drag-along for Altaris, tag-along for Leidos
- Further capital
- No member is obliged to make further contributions
- Agreement
- Contribution agreement filed 15 Apr 2026
Sources
- Leidos 8-K: completion of the Analogic joint venture and the JV LLC agreement sec.gov · 5 Oct 2026
- Leidos press release: Leidos Security Enterprise Solutions and Analogic close deal sec.gov · 5 Oct 2026
Record DEF-INV-2026-0029. Investments are kept apart from the financings register and never counted in debt totals.
