SOURCE: Parsons


November 15, 2011 12:00 ET

Parsons Corporation Completes Acquisition of SPARTA, Inc., From Cobham Defense Systems, Inc.

Acquisition Deepens Parsons' Offerings to National Security Marketplace

PASADENA, CA--(Marketwire - Nov 15, 2011) - Parsons Corporation, a technology-driven engineering services firm, is pleased to announce that it has received all necessary U.S. government approvals and has completed its acquisition of SPARTA, Inc. (dba Cobham Analytic Solutions), and its subsidiaries, from Cobham Defense Systems, Inc., a wholly owned subsidiary of Cobham plc. On October 19, 2011, Parsons announced a definitive agreement to acquire SPARTA, a provider of advanced systems engineering, cybersecurity, and mission support services to U.S. government agencies.

Parsons also announced today that SPARTA will be integrated into Parsons Government Services. This business unit is a leading provider of mission-critical technical services to the U.S. government.

"We are very pleased that this transaction has now closed," said Chuck Harrington, Chairman and CEO of Parsons. "By acquiring SPARTA, we significantly expand our advanced technology mission-oriented technical and professional services to new and existing customers. SPARTA expands our expertise in the defense and national security sector and represents an enhanced service offering to our mission-critical infrastructure and industrial sector. The SPARTA addition is a natural evolution building on Parsons' 67-year track record of solving our customers' toughest challenges."

"We anticipate a seamless integration with the addition of the SPARTA team. We are both known for truly innovative solutions, delivered on a timely basis and in a cost-effective manner," continued Harrington. "Integrating SPARTA's team with Parsons' will give us a deeper presence within the defense, homeland security, and intelligence markets, while providing our new colleagues from SPARTA with the resources, management support, and access to additional customers needed to grow our shared business. We are excited by the prospects for our combined team."

SPARTA is instrumental in the design, development, testing, fielding, and sustainment of effective weapons systems focusing on missile defense, tactical systems, space systems, and network-centric systems. It also includes experienced teams of engineering and technical domain experts who provide the U.S. intelligence and homeland security communities with innovative solutions for intelligence production, information assurance, and computer network operations. As part of Parsons Government Services, it will increase the size, scale, and capabilities of Parsons' national security and defense services.

Founded in 1944, Parsons is a global engineering, construction, technical, and management services firm headquartered in Pasadena, California. Parsons is a leader in many diversified markets with a focus on infrastructure, environmental, and defense/security. Parsons delivers design/design-build, program/construction management, professional services, and innovative alternative delivery solutions to federal, regional, and local government agencies, as well as to private industrial customers worldwide. For more about Parsons, please visit