Please ensure Javascript is enabled for purposes of website accessibility
Upcoming Event

Best Places to Work in Virginia

Hamburger Menu Hamburger Menu

Tag: Peraton

Top Five October 2024

The top five daily news stories on VirginiaBusiness.com from Aug. 16 to Sept. 13 included news that LL Flooring is selling 219 stores and other assets to an entity connected to F9 Group, which is owned by Lumber Liquidators’ founder and former CEO, Tom Sullivan.

1   |  Portsmouth business owner pleads guilty to $1.3 million Medicaid fraud

The owner of a home and mental health care services business pleaded guilty to one count of health care fraud and six counts of making false statements. (Aug. 28)

2   |  LL Flooring to sell 219 stores; 211 other stores set to close

After declaring Chapter 11 bankruptcy, Henrico County’s LL Flooring signed an agreement to sell 219 stores and other assets to F9 Investments. (Sept. 7)

3   |  Richmond Flying Squirrels’ new stadium will be CarMax Park

The Fortune 500 company will be the naming sponsor for the minor league baseball team’s new ballpark, starting with the 2026 season. (Sept. 4)

4   |  Peraton taps new chairman, president and CEO

Steve Schorer succeeded Stu Shea at the Reston-based federal contractor owned by Veritas Capital. (Sept. 3)

5   |  Smithfield separates from European arm

Smithfield Foods’ European operations have been carved into an independent subsidiary: Morliny Foods. (Aug. 27)

Peraton taps new chairman, president and CEO

Stu Shea, Peraton’s chairman, president and CEO, has stepped down, and Steve Schorer has been named to succeed him at the Reston-based federal contractor owned by Veritas Capital. According to Tuesday’s announcement, Schorer will start Sept. 9.

“On behalf of Peraton and Veritas, I’d like to thank Stu for his many years of service and leadership at the company and wish him well in his future endeavors,” said Ramzi Musallam, CEO and managing partner of Veritas Capital, Peraton’s parent company. Schorer was previously CEO of Alion Science and Technology, which Huntington Ingalls Industries purchased for $1.65 billion from Veritas in 2021, and he was president of DynCorp International previously.

Schorer also worked in high-level positions at L-3 Communications and DRS Technologies. Shea has been Peraton’s only chief executive since it was formed by Veritas Capital in 2017. In 2021, Peraton purchased Chantilly-based IT contractor Perspecta Inc. and Northrop Grumman’s federal IT and mission support services businesses in 2021 for a total of $10.5 billion. In 2023, Peraton moved its headquarters, which serves as a hub for 5,000 of the company’s 19,000 employees, from Herndon to Reston.

“We are excited to welcome Steve as CEO of Peraton,” Musallam said in a statement. “His extensive industry expertise and experience leading some of the world’s premier government technology services organizations make him the ideal person to drive Peraton’s next important phase of growth. We look forward to working closely alongside him as Peraton continues to deliver on its mission to solve the U.S. government’s most complex technology and information challenges.”

At the start of his career, Shea created some of the earliest computer mapping systems for the CIA, the Air Force and the National Security Agency, and he is a founder of the U.S. Geospatial Intelligence Foundation.

Peraton exec takes top spot at V2X

Jeremy Wensinger will replace Chuck Prow as president and CEO of McLean-based aerospace and defense contractor V2X on June 17, the company announced Monday.

The transition is part of a “board-led succession planning process” the company said in a news release.

Wensinger, who will also be a member of V2X”s board of directors, has more than three decades of experience as a defense and government contracting executive. He comes to V2X from Reston-based technology contractor Peraton, where he served as chief operating officer since 2017.

Previously, Wensinger was principal at Augusta Management Strategies, a consulting firm for the defense sector, as well as president at Falls Church-based government contractor PAE, which was acquired by Germantown, Maryland-based aerospace defense contractor Amentum Services in 2022.

“He has a proven track record of delivering best-in-class financial and operational performance within the broad defense services and aerospace industry, as well as a strategic approach to managing businesses, building strong stakeholder relationships and creating value,” Mary Howell, V2X’s board chairman, said in the statement.

V2X formed in 2022 from the $2.1 billion merger of Colorado-based government contractor Vectrus and Mississippi-based The Vertex Co. In June 2023, the company, which has about 16,000 employees, landed at No. 907 on the Fortune 1000 list.

V2X reported a 2023 revenue of $3.96 billion, up 8% over 2022. The company serves national security, defense, civilian and international clients with solutions related to operations and logistics, aerospace, training and technology.

Prow, who was named president and CEO of Vectrus in 2016, has more than 30 years of experience in information technology and federal services. He previously worked as a general manager of global government industry and in other roles at IBM. He also worked at Ernst & Young and PricewaterhouseCoopers.

“As the company nears the two-year anniversary of completing the transformational merger of Vectrus with Vertex to create the V2X platform, we thank Chuck for his dedication and valuable contributions,” Howell said in a statement. “During his tenure as CEO, the company delivered significant organic growth as well as further diversified its contract and customer base, established entirely new technological and service capabilities and delivered an enhanced customer and employee experience.”

Peraton lands $2.8B IT defense contract

Reston-based technology contractor Peraton received a $2.8 billion Special Operations Forces IT Contract (SITEC) 3 Enterprise Operations and Maintenance task order, the contractor announced Wednesday.

The task order is to provide IT platform and network services to the U.S. Special Operations Command (USSOCOM), including its component commands, its theater special operations commands, deployed forces, CIO/J6 and end users.

The contractor will provide operations and management services to maintain network operations, maintain systems and network infrastructure, provide end user and common device support and provide configuration, change, license and asset management. The services will be provided over eight years.

“We are honored to enable this critical national security program with Peraton’s extensive cyber and IT capabilities,” Stu Shea, chairman, president and CEO of Peraton, said in a statement. “The team is already leaning forward to execute this work to help the Special Operations Forces’ IT enterprise mitigate threats, provide a continuum of support and enhance our nation’s competitive advantage against adversaries.”

To support the contract, Peraton will hire in the areas of cybersecurity, system administration, information technology optimization and automation and managed network services.

Peraton, which is owned by New York private equity firm Veritas Capital, has about 20,000 employees and 150 offices worldwide

Federal Contractors | Technology 2023: STU SHEA

A fixture in the national security industry, Shea has led the expansion of a 6-year-old private company into a major defense contractor through a series of acquisitions, including the 2021 purchase of Northrop Grumman’s federal IT and mission support services business.

The growing company recently moved its headquarters from Herndon to Reston, which serves as a hub for 5,000 of the company’s 19,000 employees. In December, Peraton won a $2.25 billion contract from the Defense Counterintelligence and Security Agency.

As a young software engineer, Shea tapped his expertise in geography and geology to design some of the earliest computer mapping systems for the CIA, the National Security Agency and the U.S. Air Force.

He is the founder of the U.S. Geospatial Intelligence Foundation, a member of the board of directors of the National Intelligence University Foundation and a member of the board of trustees of Riverside Research.

PERSONAL MOTTO: Never stop learning.

HOW I CHOSE MY CAREER: I kept raising my hand. I took a job where I didn’t like the customer business, and knew nothing about them, but it put me on the path I’m on today.

Perspecta receives $342M TSA contract

Perspecta Enterprise Solutions LLC, a subsidiary of Herndon-based government contractor Peraton, has received a contract worth up to $342.7 million to operate, maintain and improve the Transportation Security Administration’s IT equipment, services and processes, the company announced Wednesday.

Chantilly-based Perspecta will support as many as 85,000 employees, contractors and support personnel at domestic and international locations under the five-year contract.

“As the TSA continues to advance their mission of protecting our nation’s vital transportation systems and those who use them, Peraton is proud to provide the technologies and talent needed to support their evolving IT mission requirements,” John Coleman, president of Peraton’s citizen security and public services sector, said in a statement. “This award is a testament of our ability to continue delivering high level IT support services and solutions to further enhance TSA’s mission success.”

Peraton acquired Perspecta in a $7.1 billion, all-cash deal in 2021.

CACI, Peraton land $2.2B defense contracts

Reston-based Fortune 500 federal contractor CACI International Inc. and a subsidiary of Herndon-based government contractor Peraton Inc. were awarded parallel contracts each valued at more than $2.2 billion to perform background investigations for the Defense Counterintelligence and Security Agency (DCSA), the Pentagon announced Thursday.

The single-award, firm-fixed-price, indefinite-delivery/indefinite-quantity contracts come with a minimum guaranteed value of $50 million each and a five-year ordering period that will end on Dec. 8, 2027. The awards are the result of a competitive process and four bids were received in response to each solicitation.

Peraton Risk Decision Inc., of Loveland, Colorado, will be carrying out the work for Peraton, which is owned by New York private equity firm Veritas Capital and employs more than 22,000 workers.

Peraton lands $850M Pentagon contract

Herndon-based technology contractor Peraton will provide the Department of Defense with agile analytic platforms and data management solutions under a five year, $850 million contract, the company announced Wednesday.

“Peraton is proud to continue our longstanding relationship with the DoD supporting the modernization of its data management capabilities,” Tom Afferton, president of Peraton’s cyber mission sector, said in a statement. “We are excited and ready to meet the critical mission to effectively and efficiently sustain and evolve development and operations of U.S. intelligence systems.”

Peraton, which is owned by New York private equity firm Veritas Capital, is moving its headquarters from Herndon to Reston in September, It has 19,000 employees and 150 offices worldwide, and has been integrating Chantilly IT contractor Perspecta Inc. and Northrop Grumman Corp.’s federal IT and mission support services business since purchasing them for a combined $10.5 billion in 2021.

Peraton nets $916M intelligence contract

Herndon-based Peraton Inc. has been selected for a seven-year contract valued at $916 million to provide integrated, enterprise-wide management services to the Office of the Director of National Intelligence, the company announced Tuesday.

The task order includes communications, human capital, data analysis, knowledge management, partnership engagement, policy and strategy development and intelligence integration.

ODNI leads and supports intelligence community integration. The organization is the principal intelligence adviser to the president and determines and manages the National Intelligence Program’s $50 billion budget.

 

Peraton taps former CIA deputy director as VP

Herndon-based government contractor Peraton Inc. has named Andrew Hallman as its vice president for national security strategy and integration, according to a news release.

Hallman formerly served as principal executive in the Office of the Director of National Intelligence and was the CIA’s deputy director for digital innovation. Hallman will start May 9 and will be responsible for leading Peraton’s efforts to develop, test and carry out intelligence programs and will be charged with contributing to strategy for intelligence business growth.

“Andrew is truly a national asset,” Peraton Chairman, President and CEO Stu Shea said in a statement. “He is a rare breed with a tremendous command of the complex national security issues facing our nation and understands the critical interdependencies between customer mission, technology, government policy and national budget priorities.”

Hallman spent more than three decades at the CIA, where he also served as deputy director of intelligence for strategic programs, as well as director of the Office of Transnational Issues and the Office of Iraq Analysis. At ODNI, Hallman served as principal executive for Joseph Maguire, the acting director from August 2019 until February 2020. He also served as assistant deputy director for national intelligence for intelligence integration and was President Barack Obama’s intelligence briefer.

Hallman holds a bachelor’s degree in public affairs management from Michigan State University and a master’s degree in international affairs from American University.