AI English summary of an SEC filing — figures as filed
Leidos LDOSLeidos said the joint venture transaction with Altaris affiliates closed on October 5, 2026, with Leidos Inc. contributing subsidiaries holding the assets of the SES/IA Business to the JV in exchange for 41.5% of the JV's equity securities.
Key points
AI summaryLeidos said the joint venture transaction with Altaris affiliates closed on October 5, 2026, with Leidos Inc. contributing subsidiaries holding the assets of the SES/IA Business to the JV in exchange for 41.5% of the JV's equity securities.
The company said certain AHP Entities contributed a portion of outstanding equity interests of Analogic Holding to the JV in exchange for 58.5% of the JV's equity securities, and the remaining portion was sold to the JV for cash obtained by the JV from new debt financing.
Leidos said the AHP Investor will have the right to appoint a majority of the JV's board of directors and will have majority voting power of the full board, while the Leidos Investor will initially have the right to designate a minority of the available seats on the board and will have minority investor protective rights. It added that following the 7-year anniversary of the JV Closing, the Leidos Investor will have certain liquidity demand exit rights.
The company said in its press release that the new JV will operate under the Analogic brand, combining complementary security screening technologies and advanced manufacturing capabilities, and that Leidos will retain a significant minority ownership stake in the company.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Joint Venture Transaction Closes; Equity Structure Set
Leidos said the joint venture transaction with Altaris affiliates closed on October 5, 2026, with Leidos Inc. contributing subsidiaries holding the assets of the SES/IA Business to the JV in exchange for 41.5% of the JV's equity securities.
Source · Based on the filing body and exhibits
Analogic Equity Composition and Debt Financing
The company said certain AHP Entities contributed a portion of outstanding equity interests of Analogic Holding to the JV in exchange for 58.5% of the JV's equity securities, and the remaining portion was sold to the JV for cash obtained by the JV from new debt financing.
Source · Based on the filing body and exhibits
JV Board Composition and Exit Rights
Leidos said the AHP Investor will have the right to appoint a majority of the JV's board of directors and will have majority voting power of the full board, while the Leidos Investor will initially have the right to designate a minority of the available seats on the board and will have minority investor protective rights. It added that following the 7-year anniversary of the JV Closing, the Leidos Investor will have certain liquidity demand exit rights.
Source · Based on the filing body and exhibits
Analogic Brand Operations and Minority Stake Retained
The company said in its press release that the new JV will operate under the Analogic brand, combining complementary security screening technologies and advanced manufacturing capabilities, and that Leidos will retain a significant minority ownership stake in the company.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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