Technology provider Parsons Corp. has entered into a definitive agreement to acquire Braxton Science & Technology Group, LLC and its subsidiaries in a deal valued at $300 million.
The acquisition complements Parsons’ space portfolio, bolsters its product offerings in high-growth markets and adds intellectual property that expands its capabilities for the U.S. Air Force, Space Force and research laboratories, said Chuck Harrington, Parsons chairman and CEO
“We look forward to welcoming BSTG’s employees into the Parsons family, driving synergistic solutions that leverage our expanded set of space solutions, growing our technology, and furthering our customer’s critical missions including joint all-domain operations,” he added.
Headquartered in Colorado Springs, Colorado, BSTG operates at the forefront of satellite operations, ground system automation, flight dynamics, and spacecraft and antenna simulation for the Defense Department and the intelligence community.
“The combination of our leading defense capabilities, and decades of trusted customer relationships, combined with Parsons’ global scale, cross-industry experience, and disruptive mindset creates a leading space technology provider,” said Ken O’Neil, president of BSTG.