Transaction: Cobham

The management and Board of Directors of Cobham plc decided to divest Sparta, a leading provider of scientific and engineering services to the U.S. missile defense and national security markets, as part of a portfolio optimization strategy to focus on the company’s higher growth and higher margin products businesses. The transaction, Parsons’ largest in over two decades, represented a significant expansion into advanced technology mission-oriented technical and professional services to the defense and national security markets.