SPA Buys Analytics Firm Veracity; William Vantine Quoted

Jeff Brody
William Vantine

Systems Planning and Analysis has purchased Veracity Forecasting and Analysis for an undisclosed sum in a move to further operations analysis support for national defense and security platforms.

Alexandria, Va.-based Veracity creates decision support tools for government clients using operations research, predictive analytics, modeling, simulation and data science methods, SPA said Monday.

SPA CEO William Vantine said the company seeks to expand technical offerings in the data science and software development areas through the acquisition.

Holland & Knight and Squire Patton Boggs acted as legal advisers to Veracity and SPA on the transaction, respectively.

Terms of the deal were not disclosed.

Check Also

Lockheed Martin

Lockheed Books Potential $88M F-35 Logistics Network Modernization IDIQ

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a potential two-year, $87.5M contract to help transition a worldwide logistics information system for F-35 aircraft into a cloud-based integrated network.

BAE Systems

Report: BAE to Build $139M Defense Aerospace Facility in Iowa

BAE Systems plans to develop a $139M classified facility in Cedar Rapids, Iowa, and create 650 jobs in the city, The Gazette reported Friday. Construction work on the proposed 200K-square-foot defense aerospace facility is expected to kick off by October and conclude by September 2022. Ryan Companies US will serve as the project’s developer.