Veritas Capital Completes $3.4B Northrop Unit Buy; Peraton to Oversee IT, Services Business; Ramzi Musallam, Stu Shea Quoted
Veritas Capital has completed its $3.4 billion acquisition of Northrop Grumman’s IT and mission support services business. Veritas announced the multi-billion dollar transaction in December 2020, stating that the transaction will enable Veritas to establish a technology-enabled services platform that can deliver support to a wide range of critical government missions through its combination with Peraton. “The completion of this transaction brings together two dynamic businesses with complementary, mission-critical solutions and capabilities, creating an industry-leading platform with a shared commitment to customer success,†said Ramzi Musallam, chief executive officer and managing partner of Veritas, and 2020 Wash100 Award recipient.