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Leidos expands into utility grid and gas work with $2.4B buy
Leidos (NYSE:LDOS) has completed its $2.4 billion acquisition of ENTRUST Solutions Group, significantly expanding its presence in the energy infrastructure market. This acquisition doubles Leidos’ energy footprint, adding over 3,100 professionals and broadening its engineering capabilities and utility customer base, aligning with its NorthStar 2030 strategy for grid modernization. The deal positions Leidos as a stronger provider of power engineering and design services, addressing growing electricity demand and resilience requirements.