Leidos and Altaris close Analogic security screening joint venture

Leidos and investment firm Altaris completed their previously announced transaction combining Leidos' Security Enterprise Solutions business with Analogic to form a scaled U.S.-based joint venture operating under the Analogic brand. Leidos retains a significant minority stake in the new company, which serves airport, border and critical infrastructure screening markets. Leidos said the launch sharpens its focus on growth engines under its NorthStar 2030 strategy.

Why it matters: Leidos offloads a capital-intensive hardware business while keeping exposure to a national security market it doesn't want to exit entirely.