M&A

Perspecta's second acquisition centers on electronic warfare, cyber convergence

Just as it is about to celebrate its second birthday, Perspecta has acquired electronic warfare technology provider DHPC Technologies in a move to further address the convergence of that domain with cybersecurity.

Terms of the transaction were undisclosed, but Perspecta said in a release Monday that it sees DHPC’s capabilities as particularly useful in manned and unmanned air and ground platforms, as well as missiles.

Substantially all of DHPC’s unclassified federal obligations come from the Army. The company received approximately $51 million in awards last calendar year, according to USASpending.gov.

Woodbridge, New Jersey-based DHPC was founded in 1992 by the late Dave Pollock and focuses on laser design and application, electronics and technology forensics, countermeasure system testing and verification, specialized counter-improvised explosive device techniques and systems, and laboratory design and operation.

DHPC will also contribute to the buyer’s internal applied research arm in Perspecta Labs, according to the release. Investment bank Houlihan Lokey was financial adviser to DHPC on the acquisition, which closed May 1.

This is Perspecta’s second acquisition since its launch in June 2018, following the $250 million purchase of Knight Point Systems last year to deepen managed services offerings in IT modernization and cybersecurity.

Perspecta is scheduled to hold its fiscal fourth quarter and year-end earnings call May 21 after financial markets close.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

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