Who Owns Leidos?

The brand name dates to 2013, but its operations trace to 1969, when physicist J. Robert Beyster founded Science Applications International Corporation in La Jolla, California. SAIC grew into one of the largest employee-owned technology companies in America, serving defense and intelligence agencies, and went public in 2006.

In September 2013 the company split in two: the IT services side kept the SAIC name while the national security, health, and engineering businesses took the invented name Leidos, a fragment of "kaleidoscope." In August 2016, Leidos merged with Lockheed Martin's Information Systems and Global Solutions business in a $5 billion Reverse Morris Trust, roughly doubling to a $10 billion enterprise and becoming the largest pure federal services contractor of its era.

Under CEO Tom Bell's NorthStar 2030 strategy, the brand has tilted toward "defense tech": funded products in air defense, sensing, space, and identity rather than pure labor services. The 2025 Entrust acquisition (~$2.4 billion) added identity security, and the October 2026 Security Enterprise Solutions divestiture sharpened the focus. Third quarter 2026 results were the strongest of the year: revenue up 4% to $4.63 billion, non-GAAP EPS up 19%, and a third consecutive guidance raise.