In the week 31 January to 6 February two aerospace, defence and security acquisitions took place seeing Veritas Capital acquire Northrop Grumman’s IT and Mission Support Services Business for $3.4bn and General Atomics purchase Tiger Innovations for an undisclosed fee according to tracking by GlobalData.
Deals in the week were down a third compared with 2020. The divestiture of Northrop Grumman’s IT services business, reported by Army Technology last week, will see it combine with Peraton a provider of intelligence and communications services to US federal agencies. The combined business will operate under the Peraton name.
Peraton chairman, president and CEO Stu Shea said: “With the successful completion of this transformational acquisition, we’re excited to welcome the many talented employees from Northrop Grumman’s integrated mission support and IT solutions business to the Peraton family...MORE
