Peraton

Peraton

American national-security technology company owned by Veritas Capital. Veritas assembled it in 2021 via the $7.1B Perspecta acquisition and the $3.4B Northrop Grumman IT services purchase, creating a ~$7B-revenue govtech platform.

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Country

United States

Owner

Veritas Capital (private equity)

Chief Executive Officer

Stu Shea (chairman, president & CEO)

Perspecta acquisition

$7.1 billion all-cash, $29.35 per share — announced January 2021, closed May 6, 2021

Northrop Grumman IT services acquisition

$3.4 billion — completed February 2021

Combined scale at formation

22,000 employees, about $24.4 billion backlog, approximately $7 billion in annual revenue

DISA CSC III recompete win

Potential 10-year, $953 million contract awarded August 2026

STRATCOM protest loss

GAO ruled against Peraton's protest of a $1.5 billion IT services task order, September 2025

Overview

Peraton is an American national-security technology company owned by private-equity firm Veritas Capital — and it was effectively built, not born. In 2021, Veritas assembled Peraton through two mega-deals: the $7.1 billion all-cash acquisition of government-services provider Perspecta and the $3.4 billion purchase of Northrop Grumman’s IT and mission support services business (TheStreet; GovCon Wire).

Two deals, one platform

The Perspecta deal, announced January 27, 2021, priced the Chantilly-based contractor at $29.35 per share — a premium of nearly 50% over its unaffected stock price before sale reports surfaced, and a 12% premium to the prior day’s close (TheStreet). Veritas was already a long-time investor, holding about 14.5% of Perspecta’s shares, and Peraton — then a smaller Veritas portfolio company — was designated the acquiring entity (TheStreet).

Weeks later, in February 2021, Peraton completed the $3.4 billion acquisition of Northrop Grumman’s IT and mission support business (GovCon Wire). When the Perspecta deal closed on May 6, 2021, the combined company operated under the Peraton brand, led by chairman, president and CEO Stu Shea — with 22,000 employees, a backlog of about $24.4 billion, and approximately $7 billion in annual revenue (GovCon Wire).

The maturing incumbent: wins and losses

Five years on, Peraton behaves like the entrenched incumbent Veritas set out to build. In August 2026 it won a potential 10-year, $953 million recompete of the Defense Information Systems Agency’s Capacity Services Communications contract, covering communications infrastructure for data centers and hybrid-cloud environments across DISA and non-DISA sites worldwide (Washington Technology). Notably, Peraton inherited the program through the Perspecta combination — Perspecta had bought longtime incumbent Knight Point Systems in 2019, and DISA had already obligated $573 million in task-order volume against the current contract (Washington Technology).

Incumbency cuts both ways. In September 2025, Peraton lost a Government Accountability Office protest seeking to regain a $1.5 billion U.S. Strategic Command IT services task order it had held as incumbent; General Dynamics IT won the work supporting classified and unclassified networks, and the GAO rejected Peraton’s challenges to the evaluation as well as its organizational-conflict-of-interest allegation (Washington Technology).

What this profile does not claim

This profile does not report Peraton’s current revenue, backlog, or headcount — as a privately held company it discloses none, and the $7 billion / $24.4 billion / 22,000 figures date to its 2021 formation. It does not verify a headquarters city or Peraton’s pre-2021 corporate origins. Contract values cited are ceilings and guidance figures from the reporting period and may differ from final obligated amounts.

Timeline

What we could not verify

These claims came up in research and could not be confirmed. They are recorded here rather than published as fact or quietly dropped. If you hold a source that settles one, please tell us.

Sources

4 sources (4 tier 2), each opened and read against the claim it supports. Every source is independent of the subject; no first-party material is cited. See the source policy.