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Lorton’s QinetiQ closes $590M deal to buy Ashburn’s Avantus Federal

November 29, 2022

Lorton defense contractor QinetiQ U.S. said Wednesday it has closed its deal to buy Ashburn cybersecurity contractor Avantus Federal from Pennsylvania private equity firm NewSpring Holdings for $590 million. QinetiQ U.S., a subsidiary of the U.K. defense tech company QinetiQ Group PLC, specializes in robotics and autonomous vehicles. It said the deal “creates a unique platform to offer comprehensive mission-led innovation for the most sensitive and complex challenges intelligence, defense, homeland, civilian, and other government customers face today.”

Article Source: Washington Business Journal

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