This Is IT: Peraton Eyes Top Federal IT Spot with Perspecta Buy

Bloomberg Government

February 2, 2021

Veritas Capital Fund Management LLC may have just created the largest U.S. federal information technology contractor. 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. The venture capital firm bought Peraton from L3Harris Technologies Inc. in 2017 for $690 million. Both deals are expected to close in the first half of 2021. The result is the metamorphosis of Peraton, the No. 45 IT contractor in fiscal 2020, into a company with a footprint more than 13 times larger and positioned to take over the top federal IT contractor spot in fiscal 2021.

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ABOUT PERATON

Peraton is a national security company that drives missions of consequence spanning the globe and extending to the farthest reaches of the galaxy. As the world’s leading mission capability integrator and transformative enterprise IT provider, we deliver trusted, highly differentiated solutions and technologies that protect our nation and allies from threats across the digital and physical domains. Peraton supports every branch of the US Armed Forces, and we serve as a valued partner to essential government agencies who sustain our way of life. Every day, our employees do the can’t be done by solving the most daunting challenges facing our customers. Visit peraton.com to learn how we’re safeguarding your peace of mind.

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