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Business/Financial

Veritas Acquiring IT And Mission Support Services Of Northrop Grumman To Build Up Peraton

By Cal Biesecker

Tuesday, December 8th, 2020

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Veritas Acquiring IT And Mission Support Services Of Northrop Grumman To Build Up Peraton

Former Peraton Chairman, President and CEO Stu Shea. Photo: Peraton

Veritas Capital on Monday evening said it has agreed to acquire the federal information technology (IT) and mission support services business of Northrop Grumman [NOC] for $3.4 billion in cash and will combine the new business with its portfolio company Peraton, complementing its existing work and adding adjacent customers and capabilities in the federal civilian and health spaces. A Peraton spokesperson told Defense Daily the pending combination will also provide the company with expanded capabilities in areas such as defensive…

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