
Parsons Corp. [PSN] on Thursday said it has agreed to acquire Braxton Science & Technology Group (BSTG) for $300 million in a deal that expands its capabilities in the growing market for space technology. The value of the deal, which is expected to close during the fourth quarter of 2020, is $258 million after factoring in a $42 million tax benefit. BSTG, which is based in Colorado Springs, Colo., is expected to generate $131 million in sales and be accretive…