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Business/Financial

Parsons Acquiring Sparta From Cobham For $350 Million

Defense Daily Staff

Thursday, October 20th, 2011

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The engineering and construction firm Parsons Corp. yesterday said it has agreed to acquire Sparta, Inc., for $350 million in cash from Britain’s Cobham, adding more capabilities in analytic services to intelligence and national security customers. The pending acquisition would slightly more than double Parsons’ work providing systems engineering and professional services to the defense, security and intelligence communities, Todd Wager, a group president at Parsons, told Defense Daily yesterday. Through June, Sparta had $144.3 million in sales and $13.8…

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