Dynamo Technologies Acquires Victory Solutions to Enter Space and Defense Markets
Dynamo Technologies has acquired Victory Solutions, a firm specializing in engineering services for federal agencies, to expand into the space and defense markets. This acquisition enhances Dynamo's capabilities in space exploration and digital transformation, with Victory Solutions generating approximately $31.2 million in revenue last year, primarily from NASA and the Missile Defense Agency. The financial details of the deal were not disclosed.
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Dynamo Technologies has acquired Victory Solutions, a provider of engineering services to federal agencies, marking its entry into the space and defense sectors. The acquisition, announced on Friday, enhances Dynamo's presence in space exploration and digital transformation programs.
The financial terms of the deal were not disclosed. Victory Solutions reported approximately $31.2 million in unclassified prime contract revenue over the past year, with NASA accounting for 62% and the Missile Defense Agency for 38%. In comparison, Dynamo's unclassified prime revenue for the same period was $80.2 million, predominantly from the Agriculture Department, which constituted 97% of its revenue.
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