Britain's Cobham plc yesterday said it has agreed to acquire SPARTA, Inc., for a net price of $416 million in cash, expanding its business base in the United States, particularly in the intelligence and missile defense markets. Cobham said that its U.S. sales for the past year, if SPARTA is included, are $1.4 billion. SPARTA, which is based in Washington, D.C., has 1,200 employees. The employee-owned company had operating earnings of $28.6 million on $297.3 million in sales in 2006.…
Cobham To Further Expand U.S. Business With SPARTA Acquisition
SHARE:
