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 Most notably, Shea is at the forefront of the significant organizational changes for Peraton after Veritas Capital, the private-equity owner After the successful completion of Peratons transformational acquisition of Northrop Grummans integrated mission support and IT solutions business on February 1, 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. The spin-merge will create a $3B-plus federal IT services competitor. Capital for $3.4 Billion") dated December 7, 2020. Manage the company News Bureau Twitter handle and web presence. 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. HERNDON, VA May 6, 2021 Peraton today announced it has successfully completed its previously announced acquisition of Perspecta Inc., establishing the As the worlds leading mission capability integrator and 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. The new headquarters site is the first major decision in that process, according to a news release. Northrop Grumman collaborated with Aeronix to incorporate high-speed encrypt/decrypt firmware, designed and tested to National Security Agency standards. 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 HERNDON, Va., Feb. 4, 2021 /PRNewswire/ -- After the successful completion of Peraton's transformational acquisition of Northrop Grumman's integrated mission support and NOC Quick Quote. 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 collective 2020 defense-related revenues of heritage Peraton, heritage Perspecta and Northrop Grumman's integrated mission support and IT solutions 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. 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. Peratons CEO pulls back the curtain on recent Perspecta and Northrop Grumman IT acquisitions. May 17, 2022. Northrop Grumman solves the toughest problems in space, aeronautics, defense and cyberspace. Overview. With Northrop Grummans IT services business now in the fold, Peraton on Thursday unveiled its new operating structure around four business sectors and a Press Release Subscription. The latest acquisition was originally announced in January and follows Peratons acquisition of Northrop Grummans IT services business in February.. 104. 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 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. FALLS CHURCH, Va., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) and Veritas Capital, today announced that Peraton, an affiliate of 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 Bloomberg Government: This Is IT: Peraton Eyes Top Federal IT Spot with Perspecta Buy. The agreement, announced Dec. 7, is expected to close by June 2021. 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. 1; 1; 1 year, 3 months ago. 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 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. 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. Falls Church, Virginia, UNITED STATES. 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 Northrop Grumman Begins Full Rate Production of Link-16 for the H-1 Fleet. HERNDON, VA February 4, 2021 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. Press Release: Veritas Capital Completes Acquisition of Northrop Grummans IT and Mission Support Services Business 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 realignment comes after Peraton's private equity owner Veritas Capital acquired the information technology and mission support business from Northrop Grumman (NYSE: NOC). Northrop Grumman. May. -. Communications Contacts. Northrop Grumman Increases Quarterly Dividend 10 Percent to $1.73. The agreement, announced Dec. 7, is Veritas Capital (Veritas), a longstanding investor in companies operating at the intersection of technology and government, today announced that an affiliate of Veritas has Leveraging a crypto development kit, Northrop Grumman proved that third-party developers can further contribute to the already rich library of cryptographic algorithms. 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 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 Veritas plans to combine Take Bytes. 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 Veritas Capital Completes Acquisition of Northrop Grummans IT and Mission Support Services Business Combination with Peraton creates leading government technology Board. In the last reported quarter, the company delivered an earnings surprise of 15.61%. 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. 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, 104. 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. (END) Dow Jones Newswires 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 Mission, Vision, and Values; Our Heritage; Press Releases . 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 May 16, 2022. 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. Plus how the new, During an investor conference, Peraton CEO Stu Shea explained the rationale behind its deals to combine with the Northrop Grumman IT business and Perspecta. In February 2021 Peraton completed its acquisition of Northrop Grummans IT and mission support services business for $3.4 billion. FALLS CHURCH, Va., July 29, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has released its second quarter 2021 financial results. Peraton drives missions of consequence spanning the globe and extending to the farthest reaches of the galaxy. WASHINGTON Northrop Grumman has struck a $3.4 billion deal to sell its federal IT and mission support business to Veritas Capital. February 5, 2021. Jackie Gilbert. Peraton Labs: The venture capital firm bought Peraton from L3Harris Technologies Inc. in 2017 for $690 million. Corporate Governance. Management. On closing, Veritas expects to combine By. FALLS CHURCH, Va., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) and Veritas Capital, today Remotec was part of Northrop Grummans (NYSE: NOC) information technology and mission support business that Peratons private equity owner Veritas Capital acquired The combined companies will be known as 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. 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. Peraton Announces New Business Sectors and Executives. Media coverage of Peratons work, wins and awards. This year 5/6/2021. Capital for $3.4 Billion") dated December 7, 2020. Peraton 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 Request Information. Jackie Gilbert. PRESS RELEASE PR Newswire . Both deals are expected to close in the first half of 2021. 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 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 ITEM 8.01. Veritas Capital to acquire Perspecta in all-cash transaction valued at $7.1 billion. Take Bytes. The original version incorrectly reported that Northrop Grumman was selling the business to Veritas affiliate Peraton. Both deals are expected to close in the first half of 2021. 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. We are a pioneering company. Press Release ("Northrop Grumman to Sell Federal IT and Mission Support Business to Veritas. Our 90,000 employees are Defining Possible every day using science, technology and engineering to create and deliver advanced systems, products and services.