Growing Herndon contractor is acquiring Perspecta for $7.1B and recently purchased a Northrop Grumman division
Sydney Lake //February 4, 2021//
Growing Herndon contractor is acquiring Perspecta for $7.1B and recently purchased a Northrop Grumman division
Sydney Lake// February 4, 2021//
On the heels of major acquisitions, Herndon-based national security contractor Peraton is dividing the company into four business sectors and has made a slate of leadership appointments.
A subsidiary of New York-based private equity firm Veritas Capital, Peraton announced in January it is acquiring Chantilly-based federal contractor Perspecta Inc. for $7.1 billion. And on Feb. 1, Peraton closed on its $3.4 billion cash purchase of Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp.’s federal IT and mission support services business.
Peraton’s four new business sectors are Space & Intelligence, Cyber Mission, Global Defense & Security and Civil & Health. And the company has appointed the following leaders as presidents of their respective sectors:
“As Peraton expands, we will be faced with a complex range of new opportunities and challenges across our functions and businesses, and I am confident that our new leaders will be integral to Peraton’s success providing highly differentiated national security solutions and technologies to essential government agencies,” Peraton Chairman, President and CEO Stu Shea said in a statement.
In 2017, the former government services business Harris Corp. became Peraton after it was acquired by Veritas Capital. Peraton is a federal contractor providing systems development and mission capability integration.