Former Peraton business gets new CEO, name

Three months after being spun out with the name CTFV Acquisition Corp., the former Peraton systems engineering business has a new name and a new CEO.

Less than three months after it was spun out of Peraton and acquired by a branch of Veritas Capital, the company formerly known as CTFV Acquisition Corp. has a new name and a new CEO.

The new name is Arcfield, the company said Tuesday. Kevin Kelly has been named CEO to replace Damian DiPippa, who led the business through its separation from Peraton.

Kelly was most recently president of CACI International’s national security and innovations solutions business, which was created when CACI acquired the company he led as CEO in LGS Innovations two years ago.

Arcfield has a sixty-year history and is focused on systems engineering and integration, C5ISR, and digital transformation solutions for defense and intelligence agencies.

In its announcement of the spinout, Peraton said separating what was known as the SES business “enables each company to independently focus on its core capabilities to meet the mission needs of its respective defense and intelligence community customers.”

CTFV Acquisition Corp. was an entity created by Veritas to make an acquisition and was always intended to be a temporary name.