Northrop Sells Federal IT Businesses To Peraton Owner for $3.4B

Northrop
Virginia-based Northrop Grumman will see its cash levels boosted by the sale.
Credit: Northrop Grumman
Northrop Grumman announced late Dec. 7 that it will sell its federal information technology and mission support services business to private equity investor Veritas Capital for $3.4 billion. “This divesture allows us to drive value and reflects our strategy of focus on growing core businesses where...

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