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.
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