LONDON: Serco Inc., a subsidiary of Serco Group plc, has announced its agreement to acquire Northrop Grumman’s mission training and satellite ground network communications software business (MT&S) for $327 million in cash. The acquisition aims to enhance Serco’s scale, capabilities, and growth potential in the U.S. defense market, supporting programs across the U.S. Army, Space…
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Veritas to acquire Federal IT and Mission Support Services Business of Northrop Grumman for $3.4 billion
NEW YORK: Veritas Capital announced that an affiliate of Veritas has signed a definitive agreement to acquire the federal IT and mission support services business of Northrop Grumman for $3.4 billion in cash. The business expects to generate $2.3 billion in revenue in 2020. The business provides a wide range of advanced technology solutions including…