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.”
Lorton’s QinetiQ closes $590M deal to buy Ashburn’s Avantus Federal
November 29, 2022