Leidos and investment firm Altaris have entered into a joint venture agreement focused on security screening for airports, borders and critical infrastructure customers.
This joint venture combines Leidos' Security Enterprise Solutions (SES) business and Altaris-owned Analogic, a provider of imaging and detection, and power technology products primarily for aviation security and healthcare.
As part of the deal, Leidos will contribute approximately 1,500 employees representing $625 million in projected 2026 revenue to the new joint venture. The privately held company will operate under the Analogic brand, with Leidos retaining significant minority ownership. The transaction is expected to close in the second half of 2026.
The companies said consolidating will improve security product innovation while providing efficiencies in research and development, manufacturing and operations. It also aims to support a faster transition to AI-native and 3D imaging solutions.
"Our unified joint venture represents a focused step to strengthen U.S. capabilities in security detection at a time when global travel and trade continue to grow," said Leidos CEO Tom Bell in a statement. "Combining SES with Analogic will position the new company to promote investment in innovation, deliver more efficient solutions for the U.S. government and ensure that the world's advanced security technology is designed and engineered from the United States."
"Today marks an important milestone for our company and for the security industry. By combining two highly complementary organizations, we are creating a stronger, more capable company with the expertise and breadth of solutions to better meet evolving customer needs worldwide," said Analogic CEO Tom Ripp in a statement.
