Parsons Closes $300M Braxton Purchase for Space, Intell Market Push

Parsons Closes $300M Braxton Purchase for Space, Intell Market Push

Parsons (NYSE:PSN) has wrapped up its $300M acquisition of Braxton Science & Technology Group in a move to expand technology offerings for the space, intelligence and cyber sectors.

Centreville, Virginia-based Parsons said Thursday the deal marks its fourth acquisition over the past two years and is part of an investment strategy to access intellectual property within the defense and intelligence markets.

BSTG – which has more than 370 employees – will operate under its parent organization's space and geospatial solutions sector. Eighty percent of that personnel have a security clearance.

Colorado Springs, Colorado-based BSTG has helped Department of Defense and intelligence community customers manage spacecraft and antenna simulation, ground infrastructure automation and satellite operations.

You may also be interested in...

William Conley CTO Mercury Systems

Mercury Systems’ William Conley Joins NDIA Central Georgia Chapter Board

William Conley, chief technology officer of Mercury Systems (Nasdaq: MRCY), has been named to the board of directors for the National Defense Industrial Association's Central Georgia chapter. He will serve as a board member for a term of up to six years, Mercury Systems said Thursday.

Cloud IT

DHS Posts $3B Data Center, Cloud Solicitation

The Department of Homeland Security has issued a request for proposals for its indefinite-delivery/indefinite-quantity Data Center and Cloud Optimization contract worth potentially $3.35B over 10 years.