Blackstone Leads $1B Financing for Leidos Security Units Merger

Key Facts

Blackstone Credit & Insurance announced it is leading a $1 billion financing to support the combination of Analogic Corporation with Leidos' Security Enterprise Solutions businesses. According to Business Wire, the financing is intended to facilitate the merger of several security and automation business units from Leidos with Analogic to enhance global scale in security imaging and detection.

LDOS closed at $121.68 on October 9, 2026, while BX closed at $114.29 on the same date. The deal highlights the role of private credit in mid-cap M&A financing within the defense and security sectors, supporting a combination designed to expand customer reach and operational scale.