Parson to Acquire Braxton for $258 million

Parsons, the leading government contractor for space and cybersecurity announces its latest acquisition.

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Parsons to acquire Braxton Science and Technology Group, the company announced yesterday October 29th, in an effort to expand its footprint in the space and cybersecurity industry.

Parsons is a $3 billion government contractor for cyber security and space technology, headquartered in Virginia will be taking Braxton, a Colorado based company under its wing. Braxton brings with it more than 370 employees with the majority of them holding security clearances.

Chuck Harrington, chairman and CEO of Parsons said, “the acquisition complements our space portfolio, increases our product offerings in high-growth markets, and adds critical intellectual property that complements and expands our capabilities for the U.S. Air Force, Space Force, and research laboratories,”.

With all the high security contracts, Braxton expects to generate approximately $133 million in revenue for 2021.

A little something about Braxton:

Braxton was selected in 2017 as the systems engineering contractor for the U.S. Space Force’s Enterprise Ground Services, a planned architecture that will unify spacecraft ground control operations across multiple programs. The company also won a Space and Missile Systems Center contract to add cybersecurity to the Enterprise Ground Services. – SpaceNews


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