Leidos develops technology and runs services for defense, intelligence and civilian agencies, as well as healthcare and commercial customers. It combines software and engineering work with systems integration, building secure networks and equipment used in demanding operations. Its portfolio includes medical services, energy infrastructure design and technology that supports military missions, linking specialist businesses under one parent. Customers pay through contracts for delivered systems and services, with payment tied to labor, costs or agreed project milestones. Leidos traces its roots to a company founded in 1969 and is headquartered in Reston, Virginia.
Company Size
10,001+
Company Stage
IPO
Headquarters
Reston, Virginia
Founded
1969
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Medical, dental, & vision insurance
Health Savings account
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PTO
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Jury duty pay
Bereavement leave
401(k) Retirement Plan
Employee Stock Purchase Plan
Family Benefits
Leidos has won a one-year extension to its Logistics Commodities and Services Transformation (LCST) contract with the UK Ministry of Defence (MOD). The deal continues logistics support to the UK Armed Forces through June 2029. Leidos has been prime contractor since 2015. It manages more than 70,000 commodity NATO Stock Numbers, supports distribution to more than 600 locations worldwide, and runs the £83 million Defence Fulfilment Centre at MOD Donnington. The company estimates it has delivered £400 million in benefits to the MOD. During the extension, Leidos will work on supply chain resilience, inventory visibility, and digital capability. The programme supported the MOD through the COVID-19 pandemic and urgent needs related to Ukraine.
Blackstone Credit & Insurance (BXCI) is leading a $1 billion financing package for the merger of Analogic Corporation with three Leidos units: Security Enterprise Solutions, Ports & Borders, and Industrial Automation. The combined business will make imaging and detection technology for sectors such as aviation security and healthcare. BXCI is lead lender and joint lead arranger, alongside HPS, Bank of America, and Wells Fargo. Brad Colman, BXCI's head of healthcare investing, called the deal proof of its strength in building large credit strategies with flexible solutions. Analogic is based in Salem, New Hampshire. Leidos employs 50,000 people and earned $17.2 billion in fiscal 2026. BXCI managed $443 billion in assets at the end of 2025. Roughly 75% of Blackstone's credit assets are backed by institutional and insurance clients.
Blackstone is leading a $1bn private credit financing to support the combination of the security enterprise solutions businesses of Leidos Holdings and Analogic Corporation, Bloomberg reported. Blackstone Credit & Insurance is reportedly lead lender and joint lead arranger, alongside HPS Investment Partners, Bank of America, and Wells Fargo. Leidos, a listed engineering and technology services company based in Virginia, serves government and commercial clients. It generated $17.2bn in revenue in 2025. Analogic develops imaging, detection, artificial intelligence, and automation technologies. Private equity firm Altaris acquired it in a $1.1bn take-private deal in 2018. Blackstone was reportedly also among the lenders in a recent financing for Waymo, which was increased to $5bn.
Leidos is taking part in Reveille Forge, the US Army's new permanent integration and testing environment, to help spot technology integration problems sooner. The Army set up the site after its Operation Jailbreak exercise earlier this year. Reveille Forge replaces periodic events with a continuous "integrate-first" approach. Government, industry, and academia can test how technologies work together before they reach soldiers in the field. Leidos recently completed Jailbreak Sprint 1.5 at Redstone Arsenal in Alabama. It followed the first sprint at Fort Carson, Colorado, in June, where the company tested its IFPC Inc 2, MXR, and ALPS systems. "Now, Reveille Forge gives the Army and industry an enduring environment to integrate early, test together and mature capabilities faster," said Matt Becker, a Leidos vice president.
X-Bow Systems, a US maker of solid rocket motors, has been selected by Leidos to develop and produce booster motors for the US Army's new Low-Cost Containerized Munition (LCCM), a low-cost cruise missile. The company announced the deal on October 12, 2026, at the Association of the United States Army annual meeting in Washington. X-Bow will handle design, qualification testing, and static fires before full-rate production in 2027. Leidos will build the munitions in large quantities under the Department of War's "Arsenal of Freedom" initiative. "Modern conflict is decided by how many rounds you can put downrange, not how exquisite each one is," said chief executive officer Jason Hundley. It is the sixth new propulsion program X-Bow has won in 2026. The company recently completed its first major production contract, delivering more than 2,100 rocket motors.