Perspecta completes acquisition of DHPC Technologies to combine market leadership in cybersecurity with proven technology in electronic warfare
Transaction converges DHPC 's proven, rapid-prototyping expertise in information warfare with Perspecta’s leadership positions in cybersecurity, advanced analytics and secure communications
Chantilly, Va.— May 1, 2020—Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today that it has completed the acquisition of DHPC Technologies (DHPC), a niche developer of innovative electronic warfare (EW) technologies with market-leading technical solutions and a solid, proven reputation with Army customers.
Perspecta Labs, the innovative applied research arm of Perspecta, is already a trailblazer in developing mission-essential applied research solutions for the electronic battlefield in the areas of cybersecurity, advanced analytics and secure communications. Perspecta’s acquisition of DHPC further enhances its ability to support its customers with robust, comprehensive, full life cycle EW capabilities in design, prototyping, deployment, integration, and testing across multiple domains, including manned and unmanned air, ground, and missiles. The transaction also allows Perspecta to comprehensively address the emerging area of cybersecurity/EW convergence.
Additional information will be provided during Perspecta’s next earnings call on May 21, 2020 at 5:00p.m. EDT.
About DHPC Technologies
DHPC Technologies, a privately held company, is a first-of-kind prototyping firm that provides survivability and countermeasure solutions in support of both air and ground weapon platforms. DHPC Technologies provides the requisite engineering, technical services, and program management skills to successfully deliver best value services and solutions to customers across the domestic military spectrum.
About Perspecta Inc.
At Perspecta (NYSE: PRSP), we question, we seek and we solve. Perspecta brings a diverse set of capabilities to our U.S. government customers in defense, intelligence, civilian, health care and state and local markets. Our 270+ issued, licensed and pending patents are more than just pieces of paper, they tell the story of our innovation. With offerings in mission services, digital transformation and enterprise operations, our team of 14,000 engineers, analysts, investigators and architects work tirelessly to not only execute the mission, but build and support the backbone that enables it. Perspecta was formed to take on big challenges. We are an engine for growth and success and we enable our customers to build a better nation. For more information about Perspecta, visit perspecta.com.
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This press release may contain forward-looking statements. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Perspecta and are subject to significant risks and uncertainty. Readers are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Perspecta undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Perspecta believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve a variety of risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements.
Lorraine M. Corcoran
Vice President, Corporate Communications
Vice President, Investor Relations