Leidos (NYSE: LDOS) and investment firm Altaris have completed a previously announced transaction to form a U.S.-based joint venture focused on security screening at airports, borders, and critical infrastructure, according to a press release from the companies.

The new company will operate under the Analogic brand and combines security screening technologies, engineering expertise, and manufacturing capabilities from both organizations. Leidos will retain a minority ownership stake in the venture.

"This JV creates an American innovator with the technology, talent and scale to address rapidly evolving global security screening needs," said Leidos Chief Executive Officer Tom Bell.

Analogic is headquartered in Salem, New Hampshire, and provides imaging, detection, automation, and power technology solutions for aviation security, ports and borders, critical infrastructure, healthcare, and industrial markets. Altaris is a New York-based investment firm that manages more than $9 billion in equity capital.

Leidos, headquartered in Reston, Virginia, reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026, and employs approximately 50,000 people globally. The company said it will continue work across the broader aviation ecosystem, including airport modernization and air traffic systems, separate from the joint venture's operations.