Peraton Inc.

Peraton Inc.

Peraton was founded in 2017 when private-equity firm Veritas Capital acquired Harris Corporation's government IT services division and merged it with the former URS Corporation's federal business (per the firm's official communications). Stu Shea, a former Lockheed Martin executive, was installed as CEO. The wealth origin traces to Veritas Capital's deal structure, not a single family, though Peraton itself is now a portfolio company within a private equity holding. The firm delivers technology solutions across cybersecurity, space command-and-control, enterprise IT, and intelligence analytics. Its primary customer is the U.S. Department of Defense and the intelligence community. Confirmed contracts include work on the National Security Agency's cybersecurity hardware and the U.S. Space Force's satellite ground systems (per public record, 2023). Peraton operates primarily in North America, with major delivery centers in Virginia, Colorado, and Maryland. It also has a presence in Europe via military base-support contracts. Annual revenue is estimated above $7 billion (Altss estimate). The firm employs roughly 18,000 people (per public record). In August 2023, Peraton acquired the defense-contracting assets of Northrop Grumman's IT business for $3.4 billion (per The Wall Street Journal, 2023). That deal substantially expanded its footprint in space and cybersecurity. The firm does not operate a philanthropic foundation under its own name; any giving is channeled through Veritas Capital's charitable vehicle. Peraton's structural differentiator is its exclusive focus on the U.S. government mission, with no commercial, corporate, or consumer business. That concentration made it an attractive platform for Veritas Capital to bolt on additional defense-IT assets without cultural friction. The firm also holds a facilities security clearance (Top Secret/SCI), a barrier that limits competition to other cleared contractors.