Home / M&A Activity / Veritas Capital Finalizes the Purchase of Harris Corporation’s Government IT Services Business

Veritas Capital Finalizes the Purchase of Harris Corporation’s Government IT Services Business

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.

Check Also

Northrop to Continue Army Logistics Support Under $101M Contract Modification

The U.S. Army has awarded Northrop Grumman (NYSE: NOC) a one-year, $101.1M contract modification to continue to provide logistics support for government-owned, fixed-wing aircraft.

Raytheon Gets $191M Navy Contract Modification for Updated Seasparrow Missile Production Items, Spares

Raytheon's (NYSE: RTN) missile systems business has secured a $190.5M contract modification from the U.S. Navy to obtain the remaining materials needed to produce lots 1 through 3 of Block 2 Evolved Sea Sparrow Missile system.