Leidos (LDOS) has entered into a definitive agreement to sell its wholly owned subsidiary, Varec. The transaction is in support of portfolio optimization efforts under its NorthStar 2030 strategy unveiled earlier this year. Founded in 1928 and acquired by Leidos in 2006, Varec provides automated fuel management solutions for defense and commercial customers worldwide. The transaction is expected to close in the fourth quarter of 2025 subject to customary closing conditions.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LDOS:
- AI Daily: Nvidia becomes first $5 trillion company as AI boom powers rally
- VAST Data, Leidos introduce agentic cybersecurity with Nvidia AI
- SAIC CEO Toni Townes-Whitley to depart, James Reagan named interim CEO
- Leidos Holdings: Hold Rating Amid Mixed Revenue and Margin Signals
- Leidos signs contract with Kazakhstan’s air navigation service provider