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Harris sells off government IT business

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Carmen Barreto-Davis, a GSA budget analyst, and Cheryl Smith, left, a GSA lead budget analyst work at bookable desks that they reserved online, 9/19/2013. during the launch event for the GSA’s Workplace Transformation program held at GSA’s headquarters in Washington, DC, 9/19/13. Photo by Rob Curtis, Staff

Harris Corp. is selling its government IT services division to a private equity firm.

The buyer is Veritas Capital, for a sale price of $690 million in cash, according to a Harris news release. The sale is expected to close before the end of fiscal 2017.

Harris’ IT division “provides IT and engineering managed services to U.S. government agencies, including supporting NASA’s Space Communications Network and Deep Space Network programs, and operates within the company’s Critical Networks segment,” the company said. “Harris expected approximately $1.07 billion in fiscal 2017 revenue attributable to the business. Harris’ air traffic management franchise, primarily serving the FAA, is not part of the divestiture and will remain with Harris.”

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Michael Peck is a correspondent for Defense News and a columnist for the Center for European Policy Analysis. He holds an M.A. in political science from Rutgers University. Find him at theuncommondefense.com. His email is mikedefense1@gmail.com.