Technology integrator VT Group today announced its acquisition of DELTA Resources, Inc., a company focused on naval systems engineering and technical services for the U.S. Navy’s shipbuilding and fleet modernization programs.
Headquartered in Alexandria, Virginia, DELTA Resources provides the Naval Sea Systems Command and the Navy’s Program Executive Offices with command, control, communications, computers, collaboration and intelligence and weapons systems engineering, integrated product support, and technical services. The company also delivers IT, cloud implementation and cybersecurity engineering services to customers including the U.S. Army and the Defense Information Systems Agency.
VT Group President and CEO John Hassoun said the transaction adds differentiated technical expertise to the company’s fleet modernization capabilities “and positions VT Group as a leading provider of full lifecycle naval engineering services for the next generation of naval platforms and weapons systems.”
Chief Growth Officer Sunil Ramchand added, “In the Program Executive Offices, at the Systems Commands, and on the deckplates of every class of warship and submarine in the Fleet, VT Group is honored to support the US Navy and proud to provide our Sailors with the warfighting capabilities of tomorrow.”
Bob Kipps, a managing director of investment bank KippsDeSanto & Co., congratulated the parties involved.
“Congratulations to Maria, Kevin and the rest of the team at our DELTA Resources client as well as John and Sunil at VT for completing this fantastic combination,” he said. “It is a great strategic and cultural fit and looks to be a winner for everyone.”
VT Group in January also acquired National Technologies Associates, Inc., which specializes in program management, engineering and logistics services for military aviation systems. The deal aimed to position VT Group as a key industry partner to the Pentagon on projects including the U.S. Navy’s Presidential Helicopter and V-22 Osprey programs.
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