Home / M&A Activity / Stu Shea: Former Harris Gov’t Services Unit Emerges as ‘Peraton’ in Push for Nat’l Security Innovation

Stu Shea: Former Harris Gov’t Services Unit Emerges as ‘Peraton’ in Push for Nat’l Security Innovation

Stu Shea

The former government services business of Harris Corp. (NYSE: HRS) that private equity firm Veritas Capital acquired in April has adopted the name Peraton after temporarily operating as MHVC Acquisition Corp.

Peraton said Friday its new name derives from the concept that the company supports government customer missions that are critical to national security.

“The name Peraton represents a shared mission to protect and promote freedom around the world,” said CEO Stu Shea.

Shea, a 2014 inductee into Executive Mosaic‘s Wash100, added that the company aims to drive change in the national security market through agility, innovation and creative thinking.

The former president and chief operating officer of Leidos (NYSE: LDOS) joined the company then known as MHVC in early June, shortly after Veritas finalized the $690 million acquisition from Harris.

Peraton, which has specific focus in the space, intelligence, homeland security, defense, cyber and communications sectors, also recently announced the appointments of Jeremy Wensinger, James Winner and Robert Giannetta as chief operating officer, chief legal officer and chief information officer, and John Pitsenberger as chief financial officer.

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