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.
“Together we will position Peraton to deliver an unrivalled range of trusted technology capabilities and solutions to support customers’ missions of consequence across the intelligence community, department of defence, federal civil and health agencies, and state and local governments.”
General Atomics buys Tiger Innovation
General Atomics said its acquisition of Tiger Innovation would see the firm incorporated into its General Atomics Electromagnetic Systems (GA-EMS) division, complementing the company’s existing portfolio of space systems and technology.
Tiger Innovations is a technology company that focuses on the software, hardware and computer architecture design and implementation. The company’s speciality is hardware and software design for embedded systems used by spacecraft and long-range airborne communication and control processors.
GA-EMS president Scott Forney said: “Acquiring Tiger Innovations strengthens our space systems capabilities, Tiger Innovations has made significant advancements in low-SWaP (Size, Weight and Power) optimized satellite and space systems for a range of U.S. Government customers. With this acquisition, we expand our footprint in Northern VA and now have a robust coast-to-coast space systems development infrastructure, increasing our ability to deliver comprehensive solutions of any scale on-orbit and on time.”