Leidos completes $2.4 billion acquisition of ENTRUST

Core Insights - Leidos has completed the acquisition of ENTRUST Solutions Group for approximately $2.4 billion, enhancing its capabilities in energy infrastructure and grid modernization [1][9] - The acquisition effectively doubles Leidos' presence in the energy infrastructure market, adding over 3,100 professionals with expertise in electric grid engineering and natural gas infrastructure [2] - This strategic move supports Leidos' long-term investment in energy infrastructure and aligns with its NorthStar 2030 strategy, focusing on addressing rising power demand and improving utility reliability [3] Company Overview - Leidos is a technology leader serving government and commercial customers, with annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026 [4] - ENTRUST Solutions Group employs over 3,100 professionals across more than 40 locations in North America, providing engineering, consulting, and automation services to utilities and industrial customers [5]