Company Profile: Peraton Inc.
Overview
Peraton Inc. is a leading American company focused on national security and technology solutions. Established in 2017 and headquartered in Reston, Virginia, Peraton is recognized for providing innovative solutions to a variety of sectors including defense, cybersecurity, intelligence, and cloud operations. The company emphasizes diversity, equity, and inclusion, aiming to create a unified team culture.
Financial Performance
Peraton's financial outlook showcases substantial growth, with annual revenues anticipated to surpass $8 billion in 2024. The company maintains a robust backlog valued at approximately $24.4 billion. Key acquisitions, such as the federal IT and mission support business of Northrop Grumman for $3.4 billion, have significantly contributed to this growth trajectory. By mid-2023, Peraton's revenues were between $7.7 billion and $7.8 billion.
Leadership Team
- Steve Schorer: Chairman, President, and CEO as of September 9, 2024, following Stu Shea. Schorer brings over 30 years of executive experience in government technology services.
- Ken Sharp: Executive Vice President and Chief Financial Officer, noted for his strategic opportunity identification and straightforward approach.
- Jim Winner: Executive Vice President, Chief Legal Officer, and General Counsel, responsible for legal, compliance, contracts, and risk management.
- Mike King: Chief Growth Officer, leading Peraton's growth strategy.
- Rebecca McHale: Chief Human Resources Officer, focusing on HR strategies and employee development, and is a recipient of the Virginia Business Women in Leadership Award.
Recent Achievements and Contracts
- Peraton Labs has secured nearly $100 million in contracts for research and development as of October 2024. These contracts emphasize innovations in artificial intelligence, networking, and electronic warfare.
- Secured a role in a $1.4 billion Defense Enterprise HR Applications agreement.
Awards and Recognition
The company has been cited as one of the "Best Companies to Work For" by U.S. News & World Report for 2024-2025, reflecting its superior work environment and leadership in integrating AI for talent and customer management.
Strategic Collaborations
Peraton has established key partnerships to improve global mission-critical connectivity, including a collaboration with Rivada, enhancing its capabilities in secure communications.
Capabilities and Areas of Focus
Peraton offers a wide range of solutions in:
- Defense: Supporting platforms and missions across air, land, and sea with strategic threat modeling and system engineering.
- Cybersecurity: Providing advanced security measures and cyber-hardened systems.
- Intelligence: Delivering data analysis and systems for operational superiority.
- Space Missions: Offering services in space protection, orbit determination, and intelligence processing.
Competitor Profile
Overview of Peraton
Peraton operates prominently in the defense and government contracting sectors, recognized for innovative technology solutions across national security. The company ranked #96 in the 2021 Defense News Top 100, with reported defense-related revenue of $651.2 million for 2020.
Key Competitors
ManTech International
ManTech specializes in mission-focused technology for the US federal government, with expertise in AI, cyber, data analytics, enterprise IT, and systems engineering across Defense, Federal Civilian, and Intelligence sectors.
Leidos
Leidos delivers innovation across national security, health, and civil markets, employing over 48,000 worldwide. It is noted for its work in digital modernization, defense systems, and cybersecurity.
CACI International
CACI focuses on national security and government transformation, with a revenue of $7.7 billion, emphasizing innovation and technology to meet national security mission requirements.
Booz Allen Hamilton
Renowned for consulting in intelligence and military contracting, Booz Allen utilizes emerging technologies like AI and cybersecurity to address complex defense and national security challenges.
Lockheed Martin
A global leader in aerospace and defense, Lockheed Martin reported $67.6 billion in net sales for 2023, known for research, design, and high-end fighter aircraft development.
Additional Competitors
Other significant players include:
- Accenture
- Deloitte Consulting
- IBM Consulting
- Thales
- Airbus
- BAE Systems
These companies contribute extensively within technology consulting, defense contracting, and aerospace industries.
Analysis
Peraton faces intense competition from both traditional defense contractors and IT-focused firms broadening into defense services. To maintain a competitive edge, Peraton may explore enhancing digital transformation and cybersecurity capabilities, possibly through strategic alliances or acquisitions. This competitive landscape highlights potential market dynamics and opportunities for differentiation.
