Analogic Corporation and Leidos Inc. (NYSE: LDOS) announced a definitive agreement to combine Analogic with Leidos' Security Enterprise Solutions, Ports & Borders and Industrial Automation businesses. The transaction is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.

Upon closing, the combined business will operate under the Analogic brand as a privately held company. Tom Ripp, Analogic's current Chief Executive Officer, will lead the combined entity.

The combination brings together Analogic, a Salem, New Hampshire-based technology company specializing in advanced imaging, power, and motion control technologies for aviation security, medical, and industrial markets, with Leidos' security detection systems business. Leidos' Security Enterprise Solutions operates security systems across 129 countries and provides detection systems for airports, ports, borders, and critical facilities.

Analogic has focused on imaging and detection technologies for nearly six decades, including the commercialization of CT technology in aviation security applications. The company currently sells imaging and detection and power and automation solutions globally.

Leidos reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026. The Reston, Virginia-based company employs approximately 50,000 people globally and serves government and commercial customers.

Kirkland & Ellis LLP and Hinckley Allen & Snyder LLP served as legal advisors to Analogic, with Ernst & Young LLP as accounting advisor. Leidos retained PJT Partners as financial advisor, Fried, Frank, Harris, Shriver & Jacobson LLP and DLA Piper as legal advisors, and KPMG as accounting advisor for the transaction.