Tag Archive for: Northrop Grumman

Press Release: Northrop Grumman elects Tom Wilson as Corporate Vice President and President, Space Systems

“Northrop Grumman Corporation (NYSE: NOC) announces that its board of directors has elected Tom Wilson corporate vice president and president, Space Systems, effective January 1, 2022. Wilson will succeed Blake Larson, who has announced his intent to retire on February 4, 2022, after a 40-year career with Northrop Grumman...

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Treasury IRS recruits Chief, User Experience and Design from industry

Brandon Szabo, a user experience expert with more than a decade of perspective gained managing, designing, and implementing a variety of projects, and expertise in the design and facilitation of collaboration and communication strategies, business requirement analysis, information architecture, web development and content migration efforts, has taken on a...

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FedScoop: Northrop Grumman’s sale of IT shop reflects interest in market’s growth, analysts say

“As private equity firm Veritas Capital buys Northrop Grumman’s IT shop for a reported $3.4 billion, the acquisition is effectively creating one of the largest defense IT providers while highlighting the growing consolidation in the market… ‘The interesting thing about it hadn’t done it sooner,’ Andrew Hunter, director of...

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

“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...

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Press Release: Veritas Capital Completes Acquisition of Northrop Grumman’s IT and Mission Support Services Business

“Veritas Capital (“Veritas”), a longstanding investor in companies operating at the intersection of technology and government, today announced that an affiliate of Veritas has completed its previously announced acquisition of Northrop Grumman’s (NYSE: NOC) IT and mission support services business for $3.4 billion in cash. The business will combine...

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DHS USCG awards $20M Search and Rescue Optimal Planning Systems (SAROPS) Sustainment task to Northrop Grumman

Building on an extensive history supporting the US Coast Guard, this global technology consultancy was recently awarded a new 5-year single-award IDIQ to support this requirement that includes the Preventative and Corrective Maintenance for all software and infrastructure components of the SAROPS system and further refinement of the system...

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Washington Technology: Under the hood: What Peraton is getting in Northrop IT deal

“Northrop Grumman’s federal IT and mission support services business will join forces with Veritas Capital-backed Peraton in the first half of next year to form a $3 billion-plus government technology player.” “But what exactly is Peraton getting in this megadeal? Northrop revealed slightly more figures about its $2.3 billion-revenue...

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M&A: Veritas to acquire Northrop Grumman Federal IT and Mission Support Services Business for $3.4B – will combine with Peraton

While this deal extends well beyond Fed Civ, the news that these two consulting powerhouses will be joining forces will clearly be big news to firms in the Federal sector as Peraton, the former Harris Corporation Government Services business, which was acquired by Veritas Capital in 2017, greatly expands...

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Treasury FinCEN awards $13M BSA E-Filing System Development Service and Operational Support task

Northrop Grumman has been awarded a 5-year, $13M task by the Department of Treasury for Bank Security Act (BSA) E-Filing System Development Services and Operational Support. This task was funded the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and cited as Only One Source. Awardee Name: NORTHROP GRUMMAN SYSTEMS...

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