Form 8-K · Current report
Leidos 8-K, filed Oct 5, 2026
- Filed
- CIK
- 0001336920
- Accession no.
- 0001193125-26-413208
Summary
Leidos and investment firm Altaris closed their previously announced joint venture that combines Leidos Security Enterprise Solutions with Analogic, operating under the Analogic brand, to serve security screening markets at airports, borders, and critical infrastructure. Under the JV agreement, Altaris entities appoint a majority of the board with majority voting power, while Leidos holds a significant minority stake with minority board representation and protective rights; Leidos CEO Tom Bell said the venture creates an American innovator in security screening and sharpens Leidos' focus on its NorthStar 2030 strategy.
Key points
- Leidos and investment firm Altaris completed their previously announced transaction to form a U.S.-based joint venture combining Leidos Security Enterprise Solutions and Analogic, operating under the Analogic brand.
- Leidos retains a significant minority ownership stake in the joint venture.
- The Altaris entities (AHP Investor) have the right to appoint a majority of the JV board with majority voting power, while Leidos designates a minority of seats and holds minority investor protective rights over certain material actions.
- No JV member is obligated to make further capital contributions after closing; distributions of available cash are determined by the board at least annually, and Leidos holds certain liquidity demand exit rights after the seven-year anniversary of closing.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01. Entry into a Material Definitive Agreement. On the Closing Date, pursuant to the Contribution Agreement, the JV, Leidos Inc. and the AHP Entities entered into an amended and restated limited liability company agreement of the JV (the “JV Agreement”). The AHP Entities (in such capacity, collectively, the “AHP Investor”) will have the right to appoint a majority of the JV’s board of directors (the “Board” and such appointed directors, the “AHP Directors”) and the AHP Directors, collectively, will have majority voting power of the full Board. Leidos Inc. …
An excerpt of the text as filed with the SEC, cut for length.
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