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Leidos Announces Agreement to Sell Varec

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Leidos (NYSE: LDOS) entered into a definitive agreement to sell its wholly owned subsidiary Varec, a provider of automated fuel management solutions founded in 1928 and acquired by Leidos in 2006.

The divestiture supports Leidos' NorthStar 2030 portfolio optimization strategy and is intended to sharpen focus on strategic growth pillars. Company leadership said the deal will enable both firms to advance their missions and maximize long-term value.

The transaction is expected to close in Q4 2025, subject to customary closing conditions.

Leidos (NYSE: LDOS) ha stipulato un accordo definitivo per vendere la propria controllata al 100% Varec, fornitore di soluzioni di gestione automatizzata del carburante fondato nel 1928 e acquisito da Leidos nel 2006.

La cessione sostiene la strategia di ottimizzazione del portafoglio NorthStar 2030 di Leidos ed è intesa a concentrarsi sui pilastri di crescita strategica. La direzione dell'azienda ha dichiarato che l'accordo permetterà a entrambe le aziende di proseguire nelle loro missioni e massimizzare il valore a lungo termine.

La transazione è prevista per chiudersi nel Q4 2025, soggetta alle consuete condizioni di chiusura.

Leidos (NYSE: LDOS) ha celebrado un acuerdo definitivo para vender su subsidiaria de propiedad total Varec, proveedor de soluciones automatizadas de gestión de combustible, fundada en 1928 y adquirida por Leidos en 2006.

La desinversión respalda la estrategia de optimización de cartera NorthStar 2030 de Leidos y tiene como objetivo centrar los pilares del crecimiento estratégico. La dirección de la empresa afirmó que el acuerdo permitirá a ambas firmas avanzar en sus misiones y maximizar el valor a largo plazo.

La operación se espera que se cierre en el Q4 de 2025, sujeta a las condiciones habituales de cierre.

Leidos (NYSE: LDOS)는 1928년에 설립되고 2006년에 Leidos가 인수한 자동 연료 관리 솔루션 제공업체인 Varec를 전액 소유 자회사로 매각하기로 하는 확정 계약을 체결했다.

매각은 Leidos의 NorthStar 2030 포트폴리오 최적화 전략을 지원하며 전략적 성장 기둥에 집중하기 위한 의도이다. 회사 경영진은 이 거래가 양 사가 사명을 추진하고 장기 가치를 극대화하는 데 도움이 될 것이라고 말했다.

거래는 일반적 종결 조건에 따라 2025년 4분기에 마감될 것으로 예상된다.

Leidos (NYSE: LDOS) a conclu un accord définitif pour vendre sa filiale entièrement détenue Varec, fournisseur de solutions automatisées de gestion du carburant, fondée en 1928 et acquise par Leidos en 2006.

La cession soutient la stratégie d'optimisation du portefeuille NorthStar 2030 de Leidos et vise à concentrer l'attention sur les piliers de croissance stratégique. La direction de l'entreprise a déclaré que l'accord permettra aux deux sociétés de faire progresser leurs missions et de maximiser la valeur à long terme.

La transaction devrait être clôturée au cours du quatrième trimestre 2025, sous réserve des conditions de clôture habituelles.

Leidos (NYSE: LDOS) hat eine endgültige Vereinbarung getroffen, seine vollständig im Besitz befindliche Tochtergesellschaft Varec, einen Anbieter von automatisierten Kraftstoffmanagementlösungen, gegründet 1928 und 2006 von Leidos erworben, zu verkaufen.

Der Verkauf unterstützt Leidos' NorthStar 2030 Portfolio-Optimierungsstrategie und soll den Fokus auf strategische Wachstumsbereiche lenken. Die Unternehmensführung sagte, dass der Deal beiden Unternehmen ermöglichen wird, ihre Missionen voranzutreiben und langfristigen Wert zu maximieren.

Die Transaktion wird voraussichtlich im Q4 2025 abgeschlossen, vorbehaltlich der üblichen Abschlussbedingungen.

Leidos (NYSE: LDOS) أبرمت اتفاقية نهائية لبيع شركتها التابعة المملوكة بالكامل Varec، المزود لحلول إدارة الوقود الآلي، التي تأسست في 1928 وتم الاستحواذ عليها من قبل Leidos في 2006.

تدعم عملية البيع استراتيجية Leidos لتخصيص المحفظة NorthStar 2030 وتهدف إلى التركيز على ركائز النمو الاستراتيجي. وقالت قيادة الشركة إن الصفقة ستمكن كلا الطرفين من تعزيز مهامهما وتحقيق قيمة طويلة الأجل.

من المتوقع أن تغلق الصفقة في الربع الرابع من 2025، رهناً بالشروط المعتادة للإغلاق.

Positive
  • Definitive agreement executed to sell Varec
  • Supports NorthStar 2030 portfolio optimization strategy
  • Expected close in Q4 2025
Negative
  • Subject to customary closing conditions, so timing and completion are not guaranteed
  • Varec divestiture removes automated fuel management capability from Leidos' portfolio

RESTON, Va., Oct. 30, 2025 /PRNewswire/ -- Leidos (NYSE: 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.

"This transaction enables both Leidos and Varec to advance their missions and maximize long-term value," said Vicki Schmanske, president of the Commercial & International Sector at Leidos. "By refining our portfolio, we're executing our NorthStar 2030 strategy at pace and sharpening our focus on our strategic growth pillars."

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.

About Leidos

Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 47,000 global employees, Leidos reported annual revenues of approximately $16.7 billion for the fiscal year ended January 3, 2025. For more information, visit www.leidos.com.

Certain statements in this announcement constitute "forward-looking statements" within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management's current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the "Risk Factors" set forth in Leidos' Annual Report on Form 10-K for the fiscal year ended January 3, 2025, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

Media Contact:

Victor Melara
Senior Media Relations Manager
703.431.4612
victor.a.melara@leidos.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/leidos-announces-agreement-to-sell-varec-302599879.html

SOURCE Leidos

FAQ

What did Leidos (LDOS) announce on October 30, 2025 about Varec?

Leidos announced it entered into a definitive agreement to sell its wholly owned subsidiary Varec.

When is the Leidos (LDOS) sale of Varec expected to close?

The transaction is expected to close in Q4 2025, subject to customary closing conditions.

Why is Leidos (LDOS) selling Varec under NorthStar 2030?

Leidos says the sale supports NorthStar 2030 portfolio optimization and sharpens focus on strategic growth pillars.

What does Varec do and how long has it been part of Leidos (LDOS)?

Varec provides automated fuel management solutions; it was founded in 1928 and acquired by Leidos in 2006.

Does the Leidos (LDOS) announcement include financial terms for the Varec sale?

No; the announcement does not disclose purchase price or financial terms.
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