Author: David Smith|| Date Published: April 28, 2017
Veritas Capital completed the $690 million cash acquisition of Harris Corporation’s (NYSE:HRS) Government IT Services Business.
The Harris acquisition will round out Veritas’ portfolio of twelve companies and enhance their position within the Aerospace & Defense industry.
Veritas Capital purchased government services contractor Alion Science and Technology in 2015 for what Dow Jones reported at the time as nearly $300 million.
Harris indicated that proceeds from the transaction will be used to support the company™s capital allocation strategy, including pension pre-funding and share repurchases.
The Space Development Agency has awarded $3.5 billion in other transaction authority agreements to Lockheed Martin, L3Harris Technologies, Northrop Grumman…
The Defense Health Agency has awarded TriWest Healthcare Alliance $6.8 billion to continue providing healthcare and administrative services in support…
Veritas Capital completed the $690 million cash acquisition of Harris Corporation’s (NYSE:HRS) Government IT Services Business.
