Herndon-based national security contractor Peraton Inc. has received a five-year contract worth up to $130 million to assist the Department of Defense with modernizing computer applications to determine benefits eligibility, it announced Thursday.
Under the Entitlements and Benefits Application Modernization and Sustainment program, Peraton will help the Defense Manpower Data Center (DMDC) upgrade nearly 100 applications that assess entitlements for service members, retirees, family members and other beneficiaries.
Jeffrey Bohling, president of Peraton’s defense solutions sector, said in a statement, “Peraton’s history of scaling complex programs for DMDC minimizes the learning curve for this program and will provide service members and their dependents with a fast, secure way to obtain the benefits they deserve.”
The work will primarily be performed in Seaside, California, and Alexandria, Virginia.
Peraton Inc. grew out of Veritas Capital’s 2017 acquisition of the former government services business Harris Corp. Peraton provides systems development and mission capability integration to federal agencies. It is currently involved with other DMDC programs like Worldwide COTS Hardware, Software, Maintenance and Integration Services II.
Herndon-based national security contractor Peraton Inc. has appointed three new executive team members, including a chief information officer and chief human resources officer, the company announced Monday.
Rebecca McHale, former chief information officer for McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc., is now CIO for Peraton, where she will be responsible for leading digital transformation and will serve as the senior IT adviser to Peraton’s executive leadership team.
McHale also previously worked as Booz Allen’s chief information security officer. She also was the chief information security officer for Blackboard Inc. and held leadership roles in cybersecurity and IT infrastructure with Novetta and CSRA Inc. She earned a bachelor’s degree in mathematics from the University of Mary Washington and a master’s degree in discrete mathematics and computing applications from Royal Holloway, University of London.
Peraton also appointed John Reing as its chief human resources officer. Reing will be responsible for developing and executing Peraton’s integrated human resources strategy, including talent acquisition and management, leadership development and employee relations.
John Reing has been named chief human resources officer.
Reing was previously a partner in PricewaterhouseCoopers’ Organizational and Workforce Transformation Practice, where he advised clients on human resources-related topics. Before that, Reing was the executive vice president and chief human resources officer for CSRA Inc., now part of General Dynamics Information Technology Inc.. Reing also served in senior HR, compensation and consulting leadership positions with SRA, BAE Systems and Korn Ferry (formerly Hay Group) earlier in his career.
He earned his bachelor’s degree in business, human resources and finance from DeSales University and participated in executive leadership programs at Oxford University’s Said Business School and the Wharton School of the University of Pennsylvania.
Lori Ellis has been named chief procurement officer.
Peraton’s trio of new executive hires also included the appointment of Lori Ellis as chief procurement officer. Ellis will have executive responsibilities for all aspects of the procurement organization including procure to pay, strategic sourcing, and vendor management. She will also serve as the executive sponsor of the company’s veterans employee resource group.
Ellis was previously the CPO within the heritage Peraton organization, where she led efforts to improve supply chain efficiencies, established metrics in support of customer requirements and procurement best practices and negotiated strategic and enterprise service agreements.
Before joining Peraton, Ellis was vice president of procurement for Science Applications International Corp. There, she led efforts to meet financial and growth objectives.
She earned her bachelor’s degree in business administration and operations management from Auburn University.
Herndon-based national security contractor Peraton Inc. completed its $7.1 billion, all-cash acquisition of Chantilly-based federal IT contractor Perspecta Inc. on Thursday, according to a news release from Peraton’s parent company, New York-based private investment firm Veritas Capital.
The combined companies will be known as Peraton and will be overseen by Peraton Chairman, President and CEO Stu Shea. Perspecta Chairman and CEO Mac Curtis has announced his retirement. The move follows Peraton’s $3.4 billion cash acquisition in February of Falls Church-based Northrop Grumman Corp.’s federal IT and mission support services business.
“Perspecta has always been a differentiated, innovative leader in this industry, and this combination with Peraton will create a powerhouse within the government technology market,” Veritas CEO and Managing Partner Ramzi Musallam said in a statement. “With unparalleled capabilities and a deep bench of highly skilled employees, the combined Peraton is poised to drive enhanced value for all of its stakeholders. We look forward to investing in the long-term success of the unified enterprise and to working closely with Stu and management to support our customers’ most vital missions.”
“This is a truly transformational acquisition for Peraton and for our industry and we are thrilled to welcome our talented new colleagues from Perspecta,” Shea said. “This milestone follows our recent acquisition of Northrop Grumman’s integrated mission support and IT solutions business and further strengthens Peraton’s leading position within the government technology market. We are confident that with Veritas’ continued support, we will be well-positioned to deliver highly differentiated solutions that meet the mission-critical needs of our combined customer base.”
Perspecta Inc. shareholders voted Thursday to adopt the merger agreement, under which shareholders will receive $29.35 per share.
Perspecta, which employs more than 14,000 people, was launched in 2018 as the result of a three-way merger among Vencore Holding Corp., KeyPoint Government Solutions and the U.S. public sector business of DXC Technology. It posted $4.5 billion in fiscal 2020 revenue.
The former director of the National Counterintelligence and Security Center, William “Bill” Evanina, has joined the advisory board of Peraton Inc., the Herndon-based national security contractor announced this week.
Evanina led the counterintelligence center since June 2014, serving under presidents Barack Obama and Donald Trump. He also worked for more than 16 years with the FBI and did a nine-month stint as chief of the CIA’s counterintelligence division/counterespionage group.
Evanina is a graduate of Wilkes University and earned his master’s degree in educational leadership from Arcadia University.
Peraton grew out of Veritas Capital’s 2017 acquisition of the former government services business Harris Corp. Peraton provides systems development and mission capability integration through the U.S. federal contracts.
Herndon-based national security contractor Peraton Inc. has been awarded a potential $360.4 million contract to assess safety risks of the U.S. Air Force’s intercontinental ballistic missile software, an agreement that could extend 18 years.
According to the U.S. Department of Defense announcement Thursday, the company will support nuclear safety analysis and evaluation in Utah and California, with work set to be completed by March 2039. The first two task orders of $2.1 million in operation and maintenance funds and $5.4 million in missile procurement funds will be due at the time of the award from the Air Force Nuclear Weapons Center at Hill Air Force Base in Utah.
Peraton has made two major purchases in recent months, including its $7.1 billion acquisition of Chantilly-based federal contractor Perspecta Inc. and Northrop Grumman’s integrated mission support and IT solutions business for $3.4 billion, now known as Peraton Remotec, a Tennessee-based subsidiary.
In 2017, the former government services business Harris Corp. became Peraton after it was acquired by Veritas Capital. Peraton, through the U.S. federal contracts, provides systems development and mission capability integration.
Mac Curtis, the president, chairman and CEO of Chantilly-based federal IT contractor Perspecta Inc., plans to retire this year and will be replaced by the head of Peraton Inc., the Herndon-based national security contractor that is acquiring Perspecta, according to documents filed with the U.S. Securities and Exchange Commission.
In an undated letter to employees, Curtis announced he will retire after Peraton closes on its $7.1 billion all-cash acquisition of Perspecta, announced on Jan. 27 and expected to occur during the first half of 2021. Peraton Inc. Chairman, President and CEO Stu Shea will oversee the combined companies, which will retain the Peraton name, according to a second letter filed with the SEC on Feb. 2 by Ramzi Musallam, CEO and managing partner of private investment firm Veritas Capital, Peraton’s parent company.
“There have been many questions about my role going forward,” Curtis wrote to Perspecta staff members, “so I’d like to address the speculation directly and share some personal news with you. It is my intent to retire after this transaction closes. This is not a goodbye note in any way — there is much important work still to do! I felt it was important to share this decision so rumors do not distract us at this crucial time. Serving as Perspecta’s chairman and CEO has been the honor of my lifetime. I will remain your leader, champion and voice as we navigate through this intricate process together.”
Veritas Capital has been an investor in Perspecta since its June 2018 founding as a publicly traded company — the result of a three-way merger between Vencore Holding Corp., KeyPoint Government Solutions and the U.S. public sector business of DXC Technology. Veritas Capital held 14.5% of Perspecta’s shares before Peraton’s purchase announcement and has had a long relationship with Curtis, who has led three companies partly owned by the firm. Prior to leading Perspecta, Curtis was Vencore’s president and CEO.
At the beginning of February, Peraton closed its $3.4 billion acquisition of Northrop Grumman Corp.’s federal IT and mission support services business, and a few days later Peraton announced it was restructuring the company into four sectors led by four presidents: Space & Intelligence, Cyber Mission, Global Defense & Security and Civil & Health.
Shea
“One of the reasons Perspecta has been a powerhouse is due to the leadership of its chairman and CEO, Mac Curtis,” Musallam wrote. “I hope you will join me in thanking Mac for his tremendous service to Perspecta and wishing him well in his retirement. I have had the personal honor of knowing Mac for over 15 years. Mac led three predecessor companies owned by Veritas Capital — Vangent, Vencore, and Perspecta — and additionally served as a director on the boards of two other Veritas portfolio companies — CRGT and Truven Health Analytics. Mac was a valuable senior adviser to Veritas for years, and I have been grateful for his contributions to the firm.”
In 2019, Perspecta acquired Knight Point Systems for $250 million and won an $824 million contract with the National Geospatial Intelligence Agency and a $657 million extension on its IT services contract for the Navy. Curtis also won the 2019 Greater Washington GovCon Award for Executive of the Year from the Northern Virginia Chamber of Commerce and the Professional Services Council. Last year, Perspecta unsuccessfully challenged the March 2020 award of the Navy’s $7.7 billion IT services contract to Leidos Holdings Inc. Perspecta previously held the contract, which included hardware products.
Shea designed some of the CIA’s earliest computer systems and is the founder and emeritus chairman of the U.S. Geospatial Intelligence Foundation. He’s also the former president and COO of Leidos Holdings Inc. and guided the corporate division of Science Applications International Corp., into Leidos and a new SAIC.
The Defense Information Systems Agency awarded Chantilly-based federal contractor Perspecta Inc. a $201.5 million contract to provide content delivery services, the Department of Defense announced Tuesday.
Under the contract, Perspecta will perform work at government data centers both in the United States and worldwide.
The Defense Information Technology Contracting Organization received four offers for the contract, according to the DOD. The company has not released further details about the contract.
In late January, Perspecta announced it would be acquired for $7.1 billion by Herndon-based national security contractor Peraton, an affiliate of private investment firm Veritas Capital, in an all-cash deal. Perspecta will combine with Peraton under the transaction, which is expected to close during the first half of 2021.
Perspecta employs more than 14,000 workers and won several large federal contracts this past year, including an $824 million, five-year deal with the National Geospatial Intelligence Agency.
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:
Space & Intelligence: This sector will be led by Roger Mason, who previously served as president of space, intelligence and cyber at Peraton.
Cyber Mission: This sector will be led by Tom Afferton, who previously served as vice president of defense and intelligence with Northrop Grumman.
Global Defense & Security: This sector will be led by John Coleman, who previously served as president of defense and homeland security at Peraton.
Civil & Health: This sector will be led by Tarik Reyes, who previously served as vice president of civil and health at Northrop Grumman.
“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.
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. announced Monday the closure of the sale of its federal IT and mission support services business for $3.4 billion in cash to Herndon-based national security contractor Peraton, a Veritas Capital affiliate.
According to the December 2020 announcement about the sale, proceeds are expected to go to share repurchases and debt retirement.
“The completion of this transaction brings together two dynamic businesses with complementary, mission-critical solutions and capabilities, creating an industry-leading platform with a shared commitment to customer success,” Veritas CEO and Managing Partner Ramzi Musallam said in a statement. “This milestone kicks off the next exciting phase of growth for Peraton.”
Peraton also announced last week it would acquire Chantilly-based federal contractor Perspecta Inc. for $7.1 billion.
Veritas expects to combine the Northrop Grumman business unit with Peraton. In 2017, the former government services business Harris Corp. became Peraton after it was acquired by Veritas Capital. Peraton, through the U.S. federal contracts, provides systems development and mission capability integration.
Northrop Grumman employs more than 90,000 people and reported $33.8 billion in 2019 revenue.
The U.S. Air Force awarded Herndon-based national security contractor Peraton a $950 million contract to provide services in support of the branch’s Advanced Battle Management System (ABMS), a component of the Department of Defense’s Joint All Domain Command and Control (JADC2) effort, the company announced Monday.
Under the contract, Peraton will provide services including open systems design as well as software and algorithm development to enable the JADC2, which improves situational awareness, rapid decision making and the ability to direct forces across different domains.
“Peraton looks forward to continue partnering with the Air Force to provide innovative and enabling technologies to put the right information in the right hands at the right time, making U.S. forces and our allies smarter and enabling them to act faster in defense of our national and global security,” Kevin Schweer, Peraton’s vice president of defense research, said in a statement.
This contract is part of a multiple award effort for development and operation for a unified system across all domains, which includes air, land, sea, space, cyber and the electromagnetic spectrum.
“Peraton has a long track record of supporting Air Force innovation and research, and we are proud to have been selected as one of the service’s industry partners in developing the information backbone for the future of joint warfighting,” John Coleman, Peraton’s president of the defense and homeland security sector, said in a statement.
Peraton focuses its work on warfighting domains in space, cyber and intelligence and builds mission capability solutions. The company employs 3,500 people across the U.S. and Canada.
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