Leidos Holdings, Altaris To Form Joint Venture To Provide Advanced Security Screening Technologies

Leidos Holdings said it has inked a deal with Altaris to form a joint venture company. The announcement signals a strategic corporate transaction involving a defense and technology services provider, but no financial terms or operational impact were disclosed. The news is likely incremental for the stock absent additional details.

Analysis

Leidos Holdings said it has inked a deal with Altaris to form a joint venture company. The announcement signals a strategic corporate transaction involving a defense and technology services provider, but no financial terms or operational impact were disclosed. The news is likely incremental for the stock absent additional details.