Parsons Corporation has entered into a definitive agreement to acquire Braxton Science & Technology Group (BSTG). Braxton Technologies‘ Launch, Anomaly Resolution, and Disposal Operations (LADO) system has been a key part of GPS satellite launches since 2007. LADO has performed all the mission planning, commanding and telemetry processing necessary to prepare all GPS satellites for operational use. Braxton has been a subcontractor to Lockheed Martin in this area.
The deal includes Braxton subsidiaries and is valued at $300 million. The acquisition increases Parsons’ solutions, products, and capabilities in the space, cyber, and intelligence markets.
The Braxton group’s portfolio of commercial off-the-shelf products—as well as its sustainment of government off-the-shelf products—provide mission-critical solutions including spacecraft ground control and spacecraft integration. BSTG has over 50 differentiated space-mission product offerings consisting of software and hardware products combined with advanced engineering services. Their leading product portfolio is built on a technology base of industry best practices for software development, cybersecurity, and domain expertise. BSTG will be integrated into Parsons’ space and geospatial solutions market, adding more than 370 employees, 80% of whom hold security clearances.
“The addition of BSTG 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,” said Chuck Harrington, Parsons’ chairman and chief executive officer.
Headquartered in Colorado Springs, Colorado, BSTG works in satellite operations, ground system automation, flight dynamics, and spacecraft and antenna simulation for the U.S. Department of Defense and Intelligence Community. BSTG has specific domain expertise with the U.S. Space Force’s Enterprise Ground Services (EGS) effort: a next-generation architecture that will unify spacecraft ground control operations across multiple major government agencies.
Parsons is a technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities.
