Leidos has agreed to sell its subsidiary Varec as part of its strategy to optimize its portfolio, enhancing focus on core growth areas.

Information on the Target

Leidos has entered into a definitive agreement to sell its wholly owned subsidiary, Varec, as part of its strategy to optimize its portfolio. Varec, established in 1928 and acquired by Leidos in 2006, specializes in providing automated fuel management solutions that cater to both defense and commercial sectors around the globe.

This sale aligns with Leidos' objective of enhancing its operational focus and long-term value creation. The transaction is anticipated to close in the fourth quarter of 2025, pending customary closing conditions.

Industry Overview in the United States

The automated fuel management industry in the United States has seen considerable growth, driven by increasing demand for efficiency and accuracy in fuel operations across both mili