Founded by the Stout family in 1988, DPC Technologies was an Information Technology solutions provider for Military Intelligence agencies. The Stouts grew the company to over $70 million in revenue in 1999 when it was sold to Northrop Grumman Corporation. The acquisition of DPC allowed Northrop a means of entry into key intelligence agencies and was responsible for Northrop winning a major portion of a multi-billion dollar outsourcing program as well as significant signal intelligence programs.
LOS ANGELES, June 30, 1999 /PRNewswire/ — Northrop Grumman Corporation (NYSE: NOC) announced today that it has completed the acquisition of Data Procurement Corporation Inc. (DPC Technologies), an information technology outsourcing company, largely in a stock transaction valued at approximately $33 million.
DPC Technologies, with offices in Laurel, Md. and at Ft. Meade, Md., employs about 180 people. It will become an operating element of Logicon Inc., Northrop Grumman’s information technology sector, which is based in Herndon, Va.
Logicon, headquartered in Herndon, Va., is a leader in advanced technology and information systems and services. Areas of expertise include command, control, communications and intelligence, weapons systems, information systems, training and simulation, science and technology, base and range support, and systems support services.
Northrop Grumman Corporation, headquartered in Los Angeles, is a leading designer, systems integrator and manufacturer of military surveillance and combat aircraft, defense electronics and systems, airspace management systems,
information systems, marine systems, precision weapons, space systems, and commercial and military aerostructures.
SOURCE: Northrop Grumman Corporation