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Perspecta CEO plans to retire after close of Peraton deal Perspecta Chairman and CEO Mac Curtis will retire once that company's transaction with Peraton is completed in the coming months, according to a letter he sent to employees. Peraton, backed by Veritas Capital, completed the first step in its transformation this week when it closed the acquisition of Northrop Grumman’s IT business. Step two is the pending acquisition of Perspecta, a publicly-traded company where Veritas holds 14.5 percent of the shares. The new company will be called Peraton, whose CEO Stu Shea will continue to lead t...

Northrop still in the IT game even with divestiture Northrop Grumman’s decision to sell off its IT services business sent me down memory lane, which got me thinking about how much the market has changed and how in some ways it stays the same. Within my first couple weeks at Washington Technology in 1996, I tagged along to a previously arranged briefing at BDM International. In the room was CEO Phil Odeen and a couple other executives, including Bill Hoover and Todd Stottlemyer. One year later, TRW Inc. announced it was acquiring BDM for $1 billion. TRW had its ups and downs for a few years....