Leidos (NYSE: LDOS) doubles energy reach with $2.4B Entrust deal. Filing Impact Filing Sentiment Rhea-AI Filing summary. Leidos Holdings, Inc., through its subsidiary Leidos, Inc., has completed its acquisition of KENE Parent, Inc., known as ENTRUST Solutions Group, for $2,400,000,000 in cash under a previously announced Stock Purchase Agreement. The deal transfers all issued and outstanding Entrust shares to Leidos, with the price subject to customary cash, debt, expense and net working capital adjustments. ENTRUST adds more than 3,100 professionals focused on electric grid engineering and natural gas infrastructure and effectively doubles Leidos' presence in the energy infrastructure market. Leidos highlights that ENTRUST broadens its power delivery engineering capabilities, expands its base of utility customers, and supports the energy growth pillar of its NorthStar 2030 strategy. Leidos reported approximately $17.2 billion in annual revenue for the fiscal year ended January 2, 2026. Insights. Leidos closes a sizable, strategic $2.4B energy infrastructure acquisition. The company has finalized its all-cash $2,400,000,000 purchase of ENTRUST Solutions Group, acquiring all outstanding shares under a Stock Purchase Agreement. ENTRUST brings more than 3,100 specialists in electric grid and natural gas infrastructure, immediately expanding Leidos' capabilities and customer reach in utility markets. Management states the deal effectively doubles Leidos' presence in the energy infrastructure market and supports the energy growth pillar of its NorthStar 2030 strategy. With Leidos reporting about $17.2 billion in annual revenue for the year ended January 2, 2026, this is a meaningful bolt-on transaction, though financial accretion, synergies and integration progress are not quantified in this disclosure. 8-K event classification. 4 items: 1.01, 2.01, 7.01, 9.01 03/30/2026 - 06:09 AM Faq. What did Leidos (LDOS) acquire in this 8-K filing? Leidos, through its subsidiary, acquired all outstanding shares of KENE Parent, Inc., known as ENTRUST Solutions Group. ENTRUST provides engineering, consulting, design and data solutions for utilities and operators, strengthening Leidos' energy infrastructure and grid modernization capabilities across North America. How much did Leidos (LDOS) pay to acquire ENTRUST Solutions Group? Leidos paid approximately $2,400,000,000 in cash to acquire ENTRUST, with the price subject to customary adjustments for cash, debt, transaction expenses and net working capital. The consideration is all-cash and transfers all issued and outstanding shares of ENTRUST to Leidos' subsidiary. When did Leidos (LDOS) complete the ENTRUST acquisition? Leidos completed the ENTRUST acquisition on March 27, 2026, when its subsidiary closed the previously announced Stock Purchase Agreement. A related press release dated March 30, 2026, announced the closing and described how the deal fits within Leidos' long-term NorthStar 2030 energy strategy. How does the ENTRUST acquisition affect Leidos' energy infrastructure business? The acquisition effectively doubles Leidos' presence in the energy infrastructure market by adding more than 3,100 professionals with electric grid and natural gas expertise. It broadens power delivery engineering capabilities and expands Leidos' utility customer base, supporting its energy-focused growth pillar. How large is Leidos compared with the ENTRUST transaction value? Leidos reported approximately $17.2 billion in annual revenue for the fiscal year ended January 2, 2026. Against this backdrop, the roughly $2.4 billion all-cash ENTRUST acquisition represents a significant but not transformational investment in its energy infrastructure strategy. Filing exhibits & attachments. 4 documents Press releases.

Entrust and Veyco have launched an integrated solution combining qualified electronic signatures with standards-aligned identity verification for UK property transactions. The platform merges ETSI TS 119 461-certified identity verification and QTSP-issued QES into Veyco's KYC system, enabling digital signing of contracts and legal documents. The solution arrives following HM Land Registry's decision to accept QES, which carry equivalent legal weight to handwritten signatures under UK eIDAS regulation. It eliminates paperwork, in-person appointments and witnessed signatures whilst helping property professionals meet AML and KYC requirements. Nationwide Building Society became the first UK lender to use the integrated solution for electronically signed mortgage deeds. Users verify identity through government-issued ID and selfie video before signing documents digitally within minutes via the Veyco app.

Veyco. Veyco and Entrust deliver the first integrated QES with standards-aligned identity verification for UK property transactions. Time to read Read so far News Room Media Inquiry News summary: * Veyco and Entrust join forces to power Qualified Electronic Signatures (QES) with AI-powered identity verification, enabling fully remote signing. * The solution streamlines processes in a highly regulated environment, helping organizations to meet AML, KYC and eIDAS requirements. * Following HM Land Registry's acceptance of QES, Nationwide Building Society has become the first lender to enable electronically signed mortgage deeds. London, March 19, 2026 - Entrust, a global leader in trusted identity-centric security solutions, and Veyco, the property fraud protection company, today announced a partnership that brings fully digital and secure document signing to the property market. The integrated solution combines ETSI TS 119 461-certified identity verification and QTSP-issued Qualified Electronic Signatures (QES) into Veyco's Know Your Customer (KYC) platform to enable digital signing of contracts and legal documents. The partnership helps property professionals operate within the UK's evolving regulatory and Land Registry framework while strengthening fraud prevention and delivering a seamless digital experience. The launch comes at a pivotal time for the market following HM Land Registry's action to accept QES and encouraged the industry to adopt them for "greater security and ease for anyone involved in buying or selling residential or commercial property." Under the UK eIDAS regulation, a Qualified Electronic Signature has the equivalent legal effect of a handwritten signature.[1] The integrated solution from Veyco and Entrust strengthens security and compliance by helping property professionals meet anti-money laundering (AML), Know Your Customer (KYC), and eIDAS requirements through electronic signing and AI-powered identity verification. It removes the need for paperwork, in-person appointments, and witnessed signatures, significantly streamlining processes for conveyancers, lawyers, estate agencies, buyers, and sellers. The solution accelerates transactions by digitizing the entire workflow and eliminating manual processes such as printing, posting, scanning, and administrative follow-ups. Together, this creates a streamlined user experience, enabling clients to complete processes quickly and securely within a single digital workflow. "Through collaboration with Entrust, HM Land Registry, and Your Conveyancer, we are making property transactions more secure and efficient for our clients," said Simon Hughes, CTO and Director at Veyco. "Nationwide Building Society, one of the UK's largest mortgage lenders, has become the first lender to leverage the integrated solution to enable a mortgage deed to be signed electronically, removing the need for a witness and wet-ink signature." "QES and AI-powered identity verification are redefining how the property market combats fraud and accelerates transactions," said Minh Nguyen, VP Identity Security at Entrust. "Our partnership with Veyco delivers a single, secure solution that empowers banks, mortgage lenders, estate agents, conveyancers, and legal firms to verify users with confidence and execute documents digitally with legal standing. Trust is defined in the moments of truth when access is granted, actions are decided, and identity is verified. By designing security around these moments of truth, organizations can better mitigate fraud and streamline digital experience for everyone." Within the Veyco app, signers verify their identity by capturing a photo of their government-issued identity document (ID) and a short selfie video. The Entrust identity verification solution checks the ID for authenticity and matches the biometric features to confirm the individual presenting the ID is the legitimate owner and is physically present. Once verified, users can immediately review and sign documents digitally. A qualified certificate is issued by Namirial, the Qualified Trust Service Provider (QTSP) partner for Entrust, and a qualified electronic signature is applied to the document, protecting it from tampering and binding the signature to the verified signer. The signed document is delivered directly to the solicitor or agent - all within minutes and entirely in the Veyco app. 1. Subject to applicable sector-specific requirements. About Entrust: Entrust fights fraud and cyber threats with identity-centric security that protects people, devices, and data. Its comprehensive solutions help organizations secure every step of the identity lifecycle, from verifying identity at onboarding to securing connections and fighting fraud in everyday transactions. Ongoing monitoring supports compliance and safeguards keys, secrets, and certificates. With a foundation of identity-centric security, its customers can transact and grow with confidence. Entrust has a global partner network and supports customers in over 150 countries. For more information, visit www.entrust.com. About Veyco: Veyco is dedicated to preventing property fraud by integrating identity verification, Anti-Money Laundering (AML) screening, source of funds checks, and QES into a single, seamless workflow. The solution helps law firms, estate agents, housing providers, and other stakeholders complete transactions securely and in compliance with UK regulations - without adding complexity for its clients.