On March 27, 2026, Leidos, Inc., a wholly owned subsidiary of Leidos Holdings, completed the acquisition of KENE Parent, Inc. (ENTRUST Solutions Group) for $2,400,000,000 in cash, subject to customary adjustments. The deal adds more than 3,100 professionals and expands capabilities in electric grid engineering, natural gas infrastructure, and power delivery, effectively doubling Leidos’ energy infrastructure presence. Management highlighted a focus on grid modernization to help utilities improve reliability and meet rising power demand, aligning with the company’s NorthStar 2030 energy growth pillar. Leidos reported approximately $17.2 billion in annual revenues for the fiscal year ended January 2, 2026, and had about 47,000 employees prior to the acquisition. Forward-looking statements emphasize successful integration of ENTRUST and completion of intended permanent financing as key execution priorities.