Peraton on Thursday said it has aligned its organization around four new business sectors and added new members to its executive leadership team following the acquisition last week of the $2.3billion federal information technology services business of Northrop Grumman [NOC].. Space & Intelligence, one of the new business sectors, will be led by Roger Mason, who previously The venture capital firm bought Peraton from L3Harris Technologies Inc. in 2017 for $690 million. Political Contributions. Northrop Grumman Corp. NOC is scheduled to release first-quarter 2021 results on Apr 29, before the opening bell. The business expects to produce $2.3 billion in 2020 revenue. In the last reported quarter, the company delivered an earnings surprise of 15.61%. Stu Shea, president, CEO and chairman of Peraton and a 2021 Wash100 winner, said he believes adding Northrop Grummans (NYSE: NOC) information technology services Veritas Capital Completes Acquisition of Northrop Grummans IT and Mission Support Services Business Combination with Peraton creates leading government technology Overview. On closing, Veritas expects to combine the Northrop Grumman business with Peraton, a Veritas portfolio company that provides mission critical technology solutions to government customers. Northrop Grumman solves the toughest problems in space, aeronautics, defense and cyberspace to meet the ever evolving needs of our customers worldwide. Divestiture strengthens Northrop Grummans focus on growing core businesses and creates value through portfolio managementFALLS CHURCH, Va., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) and Veritas Capital, today announced that Peraton, an affiliate of Veritas, has signed a definitive agreement to acquire The combination of Perspecta, Peraton, and Northrop Grummans heritage in unmanned ground systems began with the challenges encountered by UK MoD Explosive Ordnance Disposal (EOD) personnel in addressing the terrorist threat in the early 1970s. HERNDON, VA February 4, 2021 It will be led by Tarik Reyes, previously president, Peraton's Civil & Health sector, and former vice president, Civil and Health Business Unit, Northrop Grumman. Manage the company News Bureau Twitter handle and web presence. Press Release: Veritas Capital Completes Acquisition of Northrop Grummans IT and Mission Support Services Business NEW YORK, NY Veritas Capital (Veritas), a longstanding investor in companies operating at the intersection of technology and government, today announced that an affiliate of Northrop Grumman Corporation (. ITEM 8.01. February 5, 2021. MCLEAN, Va., Sep 29, 2010 (GlobeNewswire via COMTEX) -- Northrop Grumman Corporation (NYSE:NOC) has won a role on a $2.8 billion indefinite delivery, indefinite quantity FALLS CHURCH, Va., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has closed the sale of its IT services business to Peraton, an affiliate of NOC Quick Quote. December 07, 2020. Northrop Grumman collaborated with Aeronix to incorporate high-speed encrypt/decrypt firmware, designed and tested to National Security Agency standards. 104. Post-acquisition of Perspecta Inc. and Northrop Grummans integrated mission support and IT solution business, Peraton has more than 150 offices and is in the middle of a multi-year review of its office footprint. FALLS CHURCH, Va. Feb. 1, 2021 Northrop Grumman Corporation (NYSE: NOC) has closed the sale of its IT services business to Peraton, an affiliate of Veritas, for $3.4 billion in cash. Northrop Grumman expects to use the sale proceeds primarily for share repurchases, to offset dilution from the transaction, and for debt retirement. Our 90,000 employees are Defining Possible every day using science, technology and The original version incorrectly reported that Northrop Grumman was selling the business to Veritas affiliate Peraton. Other Events. May. Northrop Grumman Begins Full Rate Production of Link-16 for the H-1 Fleet. Request Information. Northrop Grumman solves the toughest problems in space, aeronautics, defense and cyberspace to meet the ever evolving needs of our customers worldwide. On closing, Veritas expects to combine Personnel Change. The realignment comes after Peraton's private equity owner Veritas Capital acquired the information technology and mission support business from Northrop Grumman (NYSE: NOC). HERNDON, VA May 6, 2021 Peraton today announced it has successfully completed its previously announced acquisition of Perspecta Inc., establishing the SAN DIEGO June 7, 2022 Northrop Grumman Corporation (NYSE: NOC) and Aeronix, Inc. have been selected to build a secure connective networking layer in space that will CNBCs Morgan Brennan talks with Veritas Capital CEO Ramzi Musallam about the decision to acquire Northrop Grummans mission support services, making it a large defense acquistion. FALLS CHURCH, Va. Dec. 7, 2020 Northrop Grumman Corporation (NYSE: NOC) and Veritas Capital, today announced that Peraton, an affiliate of Plus how the new, ET on Feb. 22. After the successful completion of Peratons FALLS CHURCH, Va., July 29, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has released its second quarter 2021 financial results. Post-acquisition of Perspecta Inc. and Northrop Grummans integrated mission support and IT solution business, Peraton has more than 150 offices and is in the middle of a The agreement, announced Dec. 7, is expected to close by June 2021. Perspecta was named to the updated list of NXT UP firms poised to make big waves in the Federal sector in 2020 and for years to come. Press Release: Peraton Announces New Business Sectors and Executives. ABOUT PERATON. Peraton drives missions of consequence spanning the globe and extending to the farthest reaches of the galaxy. Communications Contacts. Mission, Vision, and Values; Our Heritage; Press Releases . Veritas Capital to acquire Perspecta in all-cash transaction valued at $7.1 billion. As the worlds leading mission capability integrator and Northrop Grumman Corporation (NYSE: NOC) and Veritas Capital, today announced that Peraton, an affiliate of Veritas, has signed a definitive agreement to acquire Northrop Grummans federal IT and mission support services business for $3.4 billion in cash. FALLS CHURCH, Va., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has closed the sale of its IT services business to Peraton, an affiliate This year This article was corrected on Dec. 8, 2020 to reflect that Northrop Grumman Corp. said it would sell its federal IT and mission support services business to Veritas Capital for $3.4 billion in cash. Peraton Labs: Peraton Labs delivers engineering and applied research to enable government ACG National Capital | Corporate Growth Capital Style. This news comes on the heels of Veritas announcing an agreement late last year to acquire the Northrop Grumman Federal IT and Mission Support Services Business for $3.4B. Peratons CEO pulls back the curtain on recent Perspecta and Northrop Grumman IT acquisitions. Veritas Capital (Veritas), a longstanding investor in companies operating at the intersection of technology and government, today announced that an affiliate of Veritas has This news comes on the heels of Veritas announcing an agreement late last year to acquire the Northrop Grumman Federal IT and Mission Support Services Business for $3.4B. We are a pioneering company. The latest acquisition was originally announced in January and follows Peratons acquisition of Northrop Grummans IT services business in February.. The combined companies will be known as Peraton Labs: WASHINGTON Northrop Grumman has struck a $3.4 billion deal to sell its federal IT and mission support business to Veritas Capital. The Northrop Grumman B-21 Raider is an American heavy bomber under development for the United States Air Force (USAF) by Northrop Grumman.As part of the Long Range Strike Bomber (LRS-B) program, it is to be an advanced, very long-range, large, heavy-payload stealth intercontinental strategic bomber for the USAF, able to deliver conventional and thermonuclear May 17, 2022. According to Veritas, the combination of Perspecta, Peraton, and Northrop Grummans IT business will create a leading government IT provider capable of providing end-to-end capabilities in IT and mission support. HERNDON, Va., Feb. 4, 2021 /PRNewswire/ -- After the successful completion of Peraton's transformational acquisition of Northrop Grumman's integrated mission support and Jackie Gilbert. Northrop Grumman Increases Quarterly Dividend 10 Percent to $1.73. The federal IT and mission support services business of Northrop Grumman has an exceptional track record of delivering innovative technology that addresses the critical needs May 16, 2022. The four business sectors and their presidents are: Space & Northrop Grumman. Leveraging a crypto development kit, Northrop Grumman proved that third-party developers can further contribute to the already rich library of cryptographic algorithms. ABOUT PERATON. Capital for $3.4 Billion") dated December 7, 2020. FALLS CHURCH, Va., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) and Veritas Capital, today David Harrison, a more than 15-year veteran of Northrop Grumman (NYSE: NOC), has joined QinetiQ's U.S. arm as vice president of business operations. HII Spin-off Information. WASHINGTON Northrop Grumman has struck a $3.4 billion deal to sell its federal IT and mission support business to Veritas Capital. CHANTILLY, Va., Aug. 11, 2021 /PRNewswire/ -- Peraton has been awarded a nearly $1 billion task order (TO) to provide the Department of Defense (DoD), U.S. Central Command Capital for $3.4 Billion") dated December 7, 2020. Management. FALLS CHURCH, Va., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) and Veritas Capital, today announced that Peraton, an affiliate of The agreement, announced Dec. 7, is Northrop Grumman expects to use the sale proceeds primarily for share repurchases, to offset dilution from the transaction, and for debt retirement. As noted on the companys January 28, 2021 earnings call, neither the book gain nor various fees associated with this transaction are included in its 2021 financial guidance. Peraton Corp. has launched its $2.145 billion first-lien term loan that is part of the financing for the companys acquisition of the federal IT and mission support services business of Northrop Grumman, according to sources. In just two months, Veritas bought Northrop Grumman Corp. s IT services business for $3.4 billion and Perspecta Inc. for $7.1 billion, and now plans to merge them under Peraton Inc. E-mail Alerts. Corporate Governance. FALLS CHURCH, Va. Feb. 1, 2021 Northrop Grumman Corporation (NYSE: NOC) has closed the sale of its IT services business to Peraton, an affiliate of Veritas, for $3.4 billion in This acquisition comes on the heels of Peratons purchase of Northrop Grummans IT services business, which closed Feb. 1 (outlined in TBRs special report End game for Northrop Grummans IT services business Press Release ("Northrop Grumman to Sell Federal IT and Mission Support Business to Veritas. Peraton on Thursday said it has aligned its organization around four new business sectors and added new members to its executive leadership team following the acquisition last week of the In February 2021 Peraton completed its acquisition of Northrop Grummans IT and mission support services business for $3.4 billion. Started by: Jackie Gilbert in: G2XCHANGE FEDCIV COMMUNITY DISCUSSION. Northrop Grumman Corporation Tax Disclosure for Holders of September 2, 2021 Exchange Offer. The collective 2020 defense-related revenues of heritage Peraton, heritage Perspecta and Northrop Grumman's integrated mission support and IT solutions Bloomberg Government: This Is IT: Peraton Eyes Top Federal IT Spot with Perspecta Buy. (END) Dow Jones Newswires After the successful completion of Peratons acquisition of Northrop Grummans integrated mission support and IT solutions business on February 1, Peraton has aligned the The venture capital firm bought Peraton from L3Harris Technologies Inc. in 2017 for $690 million. Northrop Grumman Corporate is seeking an Associate Public Relations Representative who has demonstrated attention to detail, exceptional organization skills an Write, edit and produce news releases, strategic content, summaries and detailed reports. -. Both deals are expected to close in the first half of 2021. Northrop Grumman solves the toughest problems in space, aeronautics, defense and cyberspace. Veritas Capital has completed its $3.4 billion acquisition of Northrop Grummans IT and mission support services business, Veritas reported on Monday.Veritas announced the Take Bytes. Northrop Grumman Corporation and Veritas Capital have announced that Peraton, an affiliate of Veritas, has signed a definitive agreement to acquire Northrop Grummans federal IT and mission support services business for $3.4 billion in cash. WOODLAND HILLS, Calif. March 9, 2022 Northrop Grumman Corporation (NYSE: NOC) has By. During an investor conference, Peraton CEO Stu Shea explained the rationale behind its deals to combine with the Northrop Grumman IT business and Perspecta. On Jan. 27, Perspecta announced its purchase by Peraton, a Veritas Capital portfolio company, for an all-cash price of $7.1 billion. Most notably, Shea is at the forefront of the significant organizational changes for Peraton after Veritas Capital, the private-equity owner Media coverage of Peratons work, wins and awards. As the worlds leading mission capability integrator and Board. June 18, 2021. Falls Church, Virginia, UNITED STATES. With Northrop Grummans IT services business now in the fold, Peraton on Thursday unveiled its new operating structure around four business sectors and a 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. Commitments to the J.P. Morgan-led deal are due at 5 p.m. During an investor conference, Peraton CEO Stu Shea explained the rationale behind its deals to combine with the Northrop Grumman IT business and Perspecta. The spin-merge will create a $3B-plus federal IT services competitor. Northrop Grumman is selling its federal IT unit to an affiliate of private equity firm Veritas Capital for $3.4 billion to focus on its core defense businesses. UPDATED MAY 7, 8:20 A.M. Herndon-based national security contractor Peraton Inc. completed its $7.1 billion, all-cash acquisition of Chantilly-based federal IT contractor 104. PRESS RELEASE PR Newswire . FALLS CHURCH, Va. Feb. 15, 2022 The board of directors of Northrop Grumman Corporation (NYSE: NOC) declared a quarterly dividend of $1.57 per share on Northrop Grumman common stock, payable March 16, 2022, to shareholders of record as of the close of On December 7, 2020, Northrop Grumman Corporation announced that it had reached a definitive agreement with Peraton Inc., a Veritas company, for the sale of the Company's | May 17, 2022. The new headquarters site is the first major decision in that process, according to a news release. Company. Awards & Recognition. Get to know Peratons people, programs and solutions. NOC - Free Report) recently signed an agreement to sell off its federal IT and mission support services business to Press Release Subscription. SAN DIEGO June 7, 2022 Northrop Grumman Corporation (NYSE: NOC) and Aeronix, Inc. have been selected to build a secure connective networking layer in space that will help enable the U.S. Department of Defense (DoD) vision for the joint force. Take Bytes. Both deals are expected to close in the first half of 2021. In just two months, Veritas bought Northrop Grumman Corp.s IT services business for $3.4 billion and Perspecta Inc. for $7.1 billion, and now plans to merge them under Peraton Inc. Home Press Releases Peraton to Support CENTCOM Mission Under $979M Task Order; Tom Afferton Quoted. Press Release ("Northrop Grumman to Sell Federal IT and Mission Support Business to Veritas. The Missile Defense Agency has awarded Northrop Grumman After the successful completion of Peratons transformational acquisition of Northrop Grummans integrated mission support and IT solutions business on February 1, Peraton has aligned the company around four business sectors and appointed five new members to its executive leadership team. After the successful completion of Peratons transformational acquisition of Northrop Grummans integrated mission support and IT solutions business on February 1, Veritas plans to combine Perspecta stockholders to receive $29.35 in cash per share. 6, 2021, 05:28 PM. Peraton Announces New Business Sectors and Executives. Peraton drives missions of consequence spanning the globe and extending to the farthest reaches of the galaxy. Deputy Program Manager at Peraton Colorado Springs, Colorado, United Agile Release Train (ART) including training scrum masters, product owners, Veritas Capital has agreed to acquire the federal IT and mission support services business of Northrop Grumman for $3.4 billion in cash. UPDATED MAY 7, 8:20 A.M. 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 Peratons parent company, New York-based private investment firm Veritas Capital. Northrop Grumman to Participate in Bernsteins 38th Annual Strategic Our 90,000 employees are Defining Possible every day using science, technology and engineering to create and deliver advanced systems, products and services. Most notably, Shea is at the forefront of the significant organizational changes for Peraton after Veritas Capital, the private-equity owner of Peraton, acquired Northrop FALLS CHURCH, Va., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) and Veritas Capital, today announced that Peraton, an affiliate of Remotec was part of Northrop Grummans (NYSE: NOC) information technology and mission support business that Peratons private equity owner Veritas Capital acquired 5/6/2021. On closing, Veritas expects to combine the Northrop Grumman business with Peraton, a Veritas portfolio company that provides mission critical technology solutions to government customers. 1; 1; 1 year, 3 months ago. Jackie Gilbert. Peraton