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Leidos to Acquire ENTRUST, Expanding Energy Infrastructure Footprint

Story Highlights
  • Leidos will acquire ENTRUST for $2.4 billion in cash, with closing targeted by late second quarter 2026.
  • The deal doubles Leidos’ energy infrastructure business, expands into gas and generation, and is expected to be immediately accretive.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Leidos to Acquire ENTRUST, Expanding Energy Infrastructure Footprint

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The latest announcement is out from Leidos Holdings ( (LDOS) ).

On Jan. 23, 2026, Leidos’ subsidiary Leidos, Inc. agreed to acquire ENTRUST Solutions Group (KENE Parent, Inc.) from KENE Holdings for an all-cash consideration of approximately $2.4 billion, with closing expected by the end of the second quarter of 2026 subject to customary regulatory and antitrust approvals and other closing conditions. The deal will effectively double Leidos’ energy infrastructure engineering business, expand its presence from transmission and distribution into utility gas and electric generation infrastructure markets, and broaden its base of utility clients at a time when U.S. utilities are projected to invest $1 trillion over the next decade in grid modernization; Leidos expects the transaction to be immediately accretive to revenue growth and adjusted EBITDA margin, and to fund it through a mix of new debt, cash on hand, commercial paper and a committed $1.4 billion 364-day bridge credit facility from Citi, signaling a strategic push to solidify the company’s position as a leading engineering solutions provider to the utility sector.

The most recent analyst rating on (LDOS) stock is a Hold with a $190.00 price target. To see the full list of analyst forecasts on Leidos Holdings stock, see the LDOS Stock Forecast page.

Spark’s Take on LDOS Stock

According to Spark, TipRanks’ AI Analyst, LDOS is a Outperform.

Leidos Holdings’ strong financial performance and positive earnings call are the most significant factors driving the score. While technical indicators suggest some short-term weakness, the company’s strategic growth initiatives and increased guidance provide a solid foundation for future performance.

To see Spark’s full report on LDOS stock, click here.

More about Leidos Holdings

Leidos Holdings is a Reston, Virginia-based industry and technology leader serving government and commercial clients with digital and mission-focused innovations. With approximately 47,000 employees worldwide and $16.7 billion in annual revenue for the fiscal year ended Jan. 3, 2025, the company delivers engineering, technology and infrastructure solutions, including a $600 million energy infrastructure engineering business focused on commercial electric utilities and secure energy systems.

Average Trading Volume: 852,091

Technical Sentiment Signal: Buy

Current Market Cap: $24.45B

Find detailed analytics on LDOS stock on TipRanks’ Stock Analysis page.

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