Reston, Virginia, USA, October 2nd / PRNewswire / -- Leidos (NYSE : LDOS) and investment company Altaris have completed the transaction previously announced, establishing a large-scale American joint venture (JV) to advance security screening at airports, borders, and critical infrastructure around the world.
This new company will operate under the Analogic brand, integrating complementary security inspection technologies, engineering expertise, and advanced manufacturing capabilities. Leidos will retain a significant minority stake in the company, continuing to hold its interests in this key national security market.
Leidos CEO Tom Bell stated: "This joint venture has created an American innovator with the technology, talent, and scale to meet the rapidly changing global security screening needs. Its launch also further focuses on driving the growth engine of our NorthStar 2030 strategy."
In parallel with the mission of the joint venture with Analogic, Leidos will continue to carry out its work within a broader aviation ecosystem, including modernizing airports and air traffic systems, in order to facilitate the safe and efficient movement of people around the world.
Bell said, "Strategically integrating these two businesses into one company further strengthens our commitment to the important national security mission we serve and to the market."
About Leidos
Leidos is a leader in the industry and technology sector, serving both government and commercial clients by providing smarter and more efficient digitalization and task innovation solutions. The company is headquartered in Reston, Virginia, and employs approximately 50,000 people worldwide. Leidos disclosed that for the fiscal year ending January 2, 2026, the annual revenue was around 17.2 billion US dollars. For more information, please visit www.leidos.com.
About Analogic
Analogic is headquartered in Salem, New Hampshire, and is a global provider of advanced imaging, detection, automation, and power technology solutions. The company designs, develops, manufactures, and supports a full range of solutions for the global aviation security, ports and borders, critical infrastructure, healthcare, and industrial markets. With decades of innovation and a global installation base, Analogic combines advanced imaging, artificial intelligence, precision power, automation, and full lifecycle support capabilities to help customers meet changing operational and regulatory requirements. For more information, please visit www.analogic.com.
About Altaris
Altaris is an investment firm dedicated to acquiring and nurturing companies in the healthcare industry. Since its establishment in 2003, Altaris has invested in over 50 companies across various segments of healthcare, consistently committed to creating value for the medical system and delivering attractive financial returns for investors. Altaris is headquartered in New York City and manages over $9 billion in equity capital. For more information, please visit www.altariscap.com.
Certain statements in this press release contain or are based on “forward-looking” information as defined by the Private Securities Litigation Reform Act of 1995. These statements reflect our beliefs and assumptions about future events, but they may not be accurate.Actual performance and results may differ significantly from those anticipated in this press release and other forward-looking statements, depending on a variety of factors, including but not limited to: the future operational and financial performance of the new joint venture; the ability of the new joint venture to successfully integrate SES and Analogic businesses, or to complete the integration according to any expected timeline; the new joint venture's ability to repay debts; changes in U.S. government defense and non-defense budgets, including budget cuts, automatic spending reductions, implementation of expenditure restrictions, changes in budget priorities, future delays in the U.S. government budget process, or the failure of the U.S. government to raise the debt ceiling, which could increase the likelihood of debt default, related downgrades in credit ratings, or economic recession; tax uncertainties arising from new tax laws or other regulatory changes; deterioration of economic conditions or weakening of credit and capital markets; uncertainties regarding the consequences of current and future geopolitical events; inflationary pressures and interest rate fluctuations; delays in the U.S. government's contract procurement process or awarding of contracts, as well as contract delays or losses due to competitor protests; changes in U.S. government procurement rules, regulations, and practices; our compliance with various U.S. government and other government procurement rules and regulations; government reviews, audits, and investigations of our company; our ability to compete effectively and win contracts with the U.S. government and other customers; our ability to quickly respond to emerging technological trends, including the use of artificial intelligence; our dependence on information technology expenditures by hospitals/medical institutions; our dependence on infrastructure investments in industries and natural resources organizations; investments in energy efficiency and alternative energy; investments by the U.S. government and commercial entities in environmental impact and remediation projects; the impact of epidemics, pandemics, or similar outbreaks on our business, financial condition, operating results, and/or cash flow; our ability to attract, train, and retain skilled employees (including management teams), and to obtain safety permits for employees; and our ability to accurately estimate costs.Including cost increases due to inflation related to fixed-price contracts and other contracts; resolution of legal and other disputes with customers and third parties, or issues related to legal or regulatory compliance; cybersecurity, data security, or other security threats, system failures, or other business interruptions; our ability to comply with international, federal, state, and local laws and regulations regarding privacy, data security, protection, storage, retention, transmission, disposal, and other processing of personal information; damage and interruptions to our business caused by natural disasters and climate change; our ability to effectively acquire businesses and make investments; our ability to maintain relationships with general contractors, subcontractors, and joint venture partners; our ability to manage performance and other risks related to customer contracts; the failure of detection or surveillance systems to identify threats; the adequacy of insurance plans, customer compensation, or other liability protection measures intended to protect us from significant product or other liability claims, including cyberattacks; our ability to manage risks related to international business; our ability to comply with U.S. Foreign Corrupt Practices Act, UK Bribery Act 2010, and similar global anti-corruption and anti-bribery laws and regulations; our ability to protect our intellectual property and other proprietary rights from infringement by third parties, such as through tort, misappropriation, or other acts of infringement, or from our own infringement of their intellectual property; our ability to win lawsuits filed by third parties for tort, misappropriation, or other infringement of their intellectual property; our ability to declare or increase future dividends based on profitability, financial conditions, capital needs, and other factors, including compliance with applicable laws and our agreements; our ability to expand our healthcare and infrastructure business, which may be adversely affected by budget constraints of hospitals and energy and infrastructure project developers; our ability to successfully integrate acquired businesses; and our ability to effectively execute business plans and long-term management initiatives, as well as to overcome these and other known and unknown risks described in documents from the U.S. Securities and Exchange Commission.
Media contact: Victor Melara, Senior Media Relations Manager, 703.431.4612, [ email protected ]
