Peraton

What Peraton does

Peraton is a privately held U.S. national security company and a portfolio company of Veritas Capital, providing mission capability integration, enterprise IT, cybersecurity, and AI-enabled analytics to defense, intelligence, federal civilian, and select allied government customers. Founded in 2017 and built largely through the 2021 acquisitions of Perspecta (~$7.1B) and Northrop Grumman's Federal IT and Mission Support business (~$3.4B), Peraton operates with a workforce described as 14,000 engineers, analysts, investigators, and architects across U.S. hubs (Reston/Herndon, Huntsville, San Diego, Annapolis Junction, Colorado Springs, Chantilly, El Segundo) and forward locations (Pyeongtaek, South Korea; Canada).

Its core product portfolio centers on three proprietary AI platforms: Rapid FI, an AI/ML fraud-detection and prevention system using multimodal foundation models, anomaly detection, and real-time analytics (delivered to CMS and other federal agencies); IRIS, an AI-powered intelligence platform for ISR and contested-environment data analysis (2025 Silver Stevie Award winner); and ThreatBoard with GreenLake by HPE, a cyber threat intelligence and hunting platform. Beyond software, Peraton is the prime systems integrator for the FAA's Brand New Air Traffic Control System (BNATCS) modernization — a $1.5B integrator contract within a $31.5B total program — and is competing for the $825M CMS ClaimsCore Medicare claims-processing modernization. The company holds a uniquely broad portfolio of federal contract vehicles (GSA Alliant 2/3, OASIS+, RS3 $37.4B ceiling, ENCORE III $17.5B, DLA JETS 2.0 $11.9B, CMS SPARC $25B, DoDIAC MAC $48B) and certifications (CMMC Level 2, ISO 27001, ISO 9001, ISO 20000-1, CMMI-DEV Level 3) that gate most of its addressable market.

Peraton makes money primarily through negotiated federal contracts under professional services and managed services models, with growing SaaS-like subscription delivery for Rapid FI. It is sold via enterprise field sales targeting defense, intelligence, civilian, healthcare, and state/local agencies, supplemented by a 2025–2026 ecosystem buildout with Snowflake, HPE, Zscaler, Graphiant, and Zignal Labs that wraps hyperscaler capabilities around its cleared-data workflows. The company is privately held, with no public revenue disclosure in available sources, though scale signals (multi-billion-dollar contract vehicles, 14,000-person technical workforce, $7B+ acquisition price for Perspecta) place it firmly in the upper tier of U.S. federal IT services contractors.

Name

Peraton

Legal name

Peraton Inc.

Website

https://peraton.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

10,001+ employees

Short description

Peraton is a privately held, Veritas Capital-owned U.S. national security contractor that delivers AI-enabled mission integration, cybersecurity, and enterprise IT to U.S. defense, intelligence, and federal civilian agencies via proprietary platforms (Rapid FI, IRIS, ThreatBoard) and major prime contracts including the FAA's $31.5B air traffic control modernization.

Ownership category

akta.pro rank

Headquarters

HQ city

Reston

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Federal Government IT Services: Peraton generates revenue through multiple government-wide acquisition contracts (GWAC), IDIQ vehicles, and direct contracts with federal agencies for IT services, systems engineering, and mission support. Revenue streams include professional services, managed services, and technology solutions.
2. Air Traffic Control Modernization: Prime integrator for FAA's Brand New Air Traffic Control System (BNATCS) with $1.5B integrator contract, part of $31.5B total program value. Performance-based compensation structure with incentives and penalties.
3. Fraud Detection Solutions: Rapid FI platform generating revenue through SaaS-style delivery to federal agencies for fraud prevention, waste, and abuse detection.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Peraton is a national security company providing mission capability integration and enterprise IT services to U.S. federal agencies across defense, intelligence, cyber, homeland security, citizen security, health, aerospace, and space domains. The company delivers AI-enabled platforms (Rapid FI, IRIS, ThreatBoard), systems engineering, cybersecurity, cloud modernization, and serves as prime integrator for major federal programs including the FAA's $31.5B Brand New Air Traffic Control System (BNATCS) modernization.

Product overview

Peraton is a national security company that provides mission capability integration and enterprise IT solutions across defense, intelligence, cyber, homeland security, citizen security, health, aerospace, and space domains. The company operates a platform-plus-solutions architecture centered on AI-enabled platforms including Rapid FI for fraud detection, IRIS for ISR intelligence processing, and ThreatBoard for cybersecurity operations. Peraton serves as prime integrator for major federal programs including the FAA's Brand New Air Traffic Control System (BNATCS) modernization. The company also provides CMS claims processing solutions including ClaimsCore and supports defense missions through capabilities spanning cyber, digital, cloud, operations, and engineering. Peraton holds multiple ISO certifications and CMMI maturity level 3 accreditation, demonstrating mature software development and service delivery processes.

Differentiator

Problem solved

Functional benefit

Brands

• IRIS: AI-enabled intelligence platform recognized with Silver Stevie Award for Technology Excellence in 2025
• Rapid FI
• ThreatBoard

Products and services

• Rapid Fraud Intelligence (Rapid FI) AI-enabled fraud detection and prevention platform for government agencies using real-time analytics, machine learning models, and investigator-driven workflows to identify suspicious activity, reduce improper payments, and strengthen program integrity across Medicare and Medicaid. Identified $62B+ in suspicious claims and prevented $7.8B in improper payments in 2025 with 130x ROI for CMS.
• IRIS Platform AI-powered intelligence platform that transforms ISR (Intelligence, Surveillance, and Reconnaissance) data into actionable intelligence for military operators. Supports geolocated visual intelligence, narrative detections, and alerting capabilities for defense and national security workflows. Integrates with Zignal AI for enhanced capabilities.
• ThreatBoard with GreenLake by HPE Advanced cybersecurity platform integrating cyber threat intelligence, threat management, and threat hunting for federal government organizations. Leverages AI and machine learning to automate analysis of cyber events, reduce analyst workload, and enable faster detection and response to threats across mission-critical systems.
• FAA Brand New Air Traffic Control System (BNATCS) Modernization FAA air traffic control system modernization program where Peraton serves as prime integrator, overseeing replacement of radar, telecommunications networks, and automation infrastructure across the National Airspace System. Total program value up to $31.5-32.5 billion with performance-based compensation structure.
• Data-Driven Defense AI-driven defense solution unifying IT and OT defense across the federal enterprise through data-driven insight, turning data into action, accelerating response, and empowering analysts to focus on mission-critical priorities.
• ClaimsCore Medicare claims processing software system being developed for CMS contract competition. Would replace four legacy systems built in the 1970s that currently process 1.2 billion claims annually worth approximately $460 billion.

Quantifiable outcome

• $62B+ in suspicious claims identified and $7.8B in improper payments prevented in 2025
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability13 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Zignal LabscoreTechnology or Integration · 18 May 2026Zignal AI integration with Peraton's IRIS platform delivers geolocated visual intelligence, narrative detections, and alerting capabilities for defense and national security workflows. Reduces reliance on raw data processing.
• GraphiantcoreTechnology or Integration · 12 May 2026Partnership to deliver next-generation AI-capable network services for U.S. government missions. Combines Graphiant's stateless network core with Peraton's mission integration expertise to provide zero-trust security, cyber resilience, and operational agility for government environments.
• ZscalercoreTechnology or Integration · 4 December 2025Partnership to enhance cybersecurity and secure mission-critical operations for government customers. Peraton and Zscaler collaborate on zero-trust security capabilities and Peraton has expanded partnerships with Zscaler for zero-trust network access and modernization support.
• SaabminorStrategic or Co-development Partner · 19 November 2025Peraton Canada part of 'Gripen for Canada Team' for Canada's Future Fighter Capability Project. Provides cybersecurity and technology integration capabilities for Gripen E fighter jet program.
• SnowflakecoreTechnology or Integration · 16 September 2025Strategic collaboration to deliver next-generation fraud detection and prevention solutions to federal agencies. Integration of Peraton's Rapid FI platform with Snowflake's AI Data Cloud enables unified data sharing, enhanced fraud visibility, and rapid analysis of massive data volumes for federal customers.
• HPE (Hewlett Packard Enterprise)coreTechnology or Integration · 26 June 2025ThreatBoard with GreenLake by HPE provides advanced cybersecurity platform integrating cyber threat intelligence, threat management, and threat hunting for federal government organizations. Combines Peraton's AI and cyber capabilities with HPE's hybrid cloud infrastructure.
• Kratos Defense & Security SolutionsminorStrategic or Co-development Partner · 13 November 2024Peraton part of team led by Kratos for Space Development Agency ground system contract ($116.7M) supporting Advanced Fire Control missions. Uses OpenSpace software-defined platform for interoperability across multiple satellite constellations.

Scale indicators13 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• SAIC: Science Applications International Corporation is the most direct comparable — a large-scale federal IT services contractor with overlapping defense, intelligence, civilian, and health missions, competing for the same IDIQ vehicles (OASIS+, Alliant). Peraton's COO Bob Genter was recruited directly from SAIC's $4.8B defense and civilian sector.
• Booz Allen Hamilton: Booz Allen is a tier-one federal IT, cyber, and consulting services firm with strong defense, intelligence, and civilian agency presence. Peraton's cybersecurity platforms (ThreatBoard) and AI mission work directly overlap Booz Allen's federal cyber and analytics practices.
• CACI International: CACI is a mid-to-large federal IT and engineering services contractor with similar defense, intelligence, and homeland security missions. CACI competes for the same IDIQ vehicles and pursues adjacent electronic warfare and cyber work, including overlap with Peraton Labs.
• Parsons Corporation: Parsons is a federal IT, defense, and critical infrastructure contractor with comparable size and mission portfolio. Parsons' federal solutions segment competes with Peraton on defense, intelligence, and infrastructure modernization work, including FAA and space programs.
• ICF International: ICF provides federal IT, analytics, and mission-support services to civilian and defense agencies, including health, energy, and homeland security. ICF competes with Peraton on federal civilian and health programs where Peraton's CMS fraud and modernization work resides.
• Maximus: Maximus is a federal health and citizen services contractor focused on Medicare, Medicaid, and citizen engagement programs. Maximus directly overlaps Peraton's health sector (CMS fraud, claims processing modernization) and competes for similar federal health IT vehicles.
• Leidos: Leidos is one of the largest federal IT services and solutions providers, with a comparable defense, intelligence, civil, and health portfolio. Leidos competes head-to-head with Peraton on major IDIQ contracts (DoDIAC, DISA ENCORE, Army RS3) and pursues similar mission integration programs.
• General Dynamics IT (GDIT): GDIT is the federal IT services arm of General Dynamics, serving defense, intelligence, homeland security, and federal civilian agencies with similar scale to Peraton. GDIT competes directly for major IDIQ vehicles and pursues large-scale federal IT modernization programs.

Broad incumbents

• Northrop Grumman: Northrop Grumman is a top-tier defense prime with major space, cyber, and ISR franchises. Northrop sold its federal IT and mission support business to Peraton (via Veritas) in 2020, but retains broad defense mission overlap as both a customer and adjacent competitor in classified programs.
• Lockheed Martin: Lockheed Martin is the largest U.S. defense prime with broad space, missile defense, and mission systems portfolios. Lockheed is a larger incumbent competitor for space and defense missions where Peraton provides ISR integration and tactical-edge AI capabilities.

Market position

Strengths3 records

Weaknesses5 records

Competitive moat7 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/PeratonCorp
• YouTubeyoutube.com/channel/UCXUnFOrycx2ILP4ViAIILmA
• Facebookfacebook.com/PeratonCorp
• LinkedInlinkedin.com/company/peraton
• Instagraminstagram.com/peratoncorp

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peraton