About Products & Services Programs GSA OASIS SB Media Careers Contact Braxton in the Media Parsons To Acquire Braxton Science & Technology Group Acquisition enhances space and cyber portfolios; Accretive to revenue growth and adjusted EBITDA margin CENTREVILLE, VA (Oct. 29, 2020) – Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire Braxton Science & Technology Group, LLC (BSTG) and its subsidiaries in a deal valued at $300 million ($258 million less the tax asset). The acquisition increases Parsons’ solutions, products, and capabilities in the space, cyber, and intelligence markets. BSTG’s broad portfolio of commercial off-the-shelf products—as well as their 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. “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.” 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 U.S. Department of Defense and Intelligence Community. These capabilities position Parsons to capitalize on the quickly evolving space missions of its national security space customers and address rapid market growth driven by proliferated low earth orbit constellations, small satellite expansion, and space cyber resiliency. 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. The transaction is consistent with Parsons’ strategy of acquiring high-growth, defense, and intelligence technology companies with software and hardware intellectual property that enhance its technology and transactional revenue growth and margin profile. “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. “We’re excited to join an organization known for their entrepreneurial spirit, agility, culture of innovation and inclusion, and successful track record of mergers, acquisitions, and integrations. Parsons is a large company with the operational agility of a smaller organization, which attracted us to them and gives us confidence in our future success together.” The transaction is valued at approximately $258 million, including the net present value of a $42 million transaction-related tax benefit, or approximately 11x Braxton’s estimated 2021 adjusted EBITDA before considering any revenue or cost synergies. For 2021, Braxton is expected to generate revenue of approximately $133 million. The transaction is expected to be accretive to Parsons’ 2021 adjusted earnings per share and close in Q4 2020, subject to customary closing conditions. Parsons was advised by Goldman Sachs & Co. LLC and Latham & Watkins LLP. Braxton was advised by KippsDeSanto & Co. and Sparks Wilson, P.C. See the original article TAGS 2020 Braxton Technologies Receives Defensive Cyber Operations Space (DCO-S) Contract Modification Award July 2, 2020 Braxton Technologies, LLC has been awarded an $8,606,785 cost-plus-fixed-fee modification in support of the Defensive Cyber Operations Space (DCO-S) operational project by Space and Missile Systems Center (SMC). The DCO-S program is tasked with directing and implementing continually advancing cyberspace capabilities to the Space Enterprise. The work on this contract modification integrates with Enterprise Ground Services (EGS) to enable space mission systems with cyber defense capabilities. Braxton will be responsible for providing Hardware and Software integration for DCO-S Manticore systems. Braxton’s contribution for DCO-S will be performed in Colorado Springs, Colorado through June 2021. The contract total face value is $88,972,890. Braxton’s award of $8,606,785 will contribute to Research and Development efforts in fiscal 2019 and 2020. Braxton Technologies, LLC is a member company of Braxton Science & Technology Group (BSTG). BSTG combines companies with expertise and products for Command & Control, Satellite Ground Systems, Software Development, Systems Engineering, Cross Domain Data Dissemination, Cybersecurity, Integration, Test & Checkout, and Satellite Operations. TAGS 2020 Braxton Technologies Experiences Rapid Growth Despite Pandemic Conditions May 2020 Colorado Springs, CO., May 28, 2020—Headquartered on Catalyst Campus in Colorado Springs, CO., Braxton Technologies continues to experience rapid growth despite Pandemic conditions. Braxton has moved non-essential operations offsite due to COVID-19 concerns but has successfully onboarded 39 new employees since the start of year and anticipates additional recruits through the end of the year. Braxton’s growth has required the acquisition of an additional office suite that is finished and ready to populate once pandemic conditions end. The new suite embraces elements of innovation and space design and adds a contemporary flare to Downtown Colorado Springs. The suite has space for 49 permanent desks and has 7 touch-down desks to accommodate employees that may flex between Braxton’s four downtown office locations. Braxton is proud to stimulate the local Colorado Springs economy by providing jobs in Engineering, Finance, Accounting, and Corporate Services. TAGS 2020 OASIS Small Business Pool 4 Awardee May 2020 Colorado Springs, CO., May 26, 2020 — The General Services Administration (GSA) has awarded Braxton Technologies, LLC the One Acquisition Solution for Integrated Services (OASIS) Small Business Pool 4 contract. OASIS is a Best-in-Class solution for many government agencies and was developed in response to the government’s substantial need for a hybrid, government-wide acquisition vehicle for complex professional services requirements as defined by the GSA website. Braxton Technologies, LLC is a member company of Braxton Science & Technology Group (BSTG). BSTG combines companies with expertise and products for Command & Control, Satellite Ground Systems, Software Development, Systems Engineering, Cross Domain Data Dissemination, Cybersecurity, Integration, Test & Checkout, and Satellite Operations. This award allows Braxton to compete with other Pool 4 contenders in delivering professional commercial and non-commercial services through the OASIS IDIQ contract vehicles. The OASIS SB contract core disciplines will include program management, management consulting, logistics, engineering, scientific, and financial services. OASIS SB Pool 4 (500 employee small business standard size) includes Research and Development in Physical, Engineering, and Life Sciences under the NAICS Code 541715. For more information about OASIS SB, visit the GSA website https://www.gsa.gov/buying-selling/products-services/professional-services/buy-services/one-acquisition-solution-for-integrated-services-oasis “This OASIS Pool 4 contract vehicle provides a valuable tool that allows us to bring stellar solutions to our ever-broadening customer set”. – Kenneth W. O’Neil, Braxton President TAGS 2020 Satellite Operations, Prototyping, and Integration (SPI) Year II Award for Braxton May 2020 Colorado Springs, CO., May 14, 2020— Braxton Technologies has been awarded a $31,399,226 cost-plus-fixed-fee contract modification in year two of a Phase IIII Small Business Innovative Research (SBIR) Contract to support Enterprise Ground Services (EGS) Satellite Operations, Prototyping, and Integration (SPI). This contract award enables for cross-domain solutions, design, integration, and rapid delivery team services. The work will continue being performed in Colorado Springs, CO, and will extend the current contract to May 17, 2021. TAGS 2020 NTS-3 Selected as a Vanguard Program; Set to Launch in 2022 2019 -- The Air Force has announced Navigation Technology Satellite 3 (NTS-3) as one of the initial three Vanguard programs: Golden Horde, NTS-3 and Skyborg. Vanguards are outlined in the Air Force 2030 Science and Technology Strategy as programs that “will advance emerging weapon systems and warfighting concepts through prototyping and experimentation […] Vanguard programs aim to deliver game-changing capabilities rapidly that transform future operations with cutting-edge technologies”. Navigation Technology Satellite – 3 (NTS-3) is set to launch in 2022 and will help the U.S. Space Force expand the boundary of current Position, Navigation, and Timing (PNT) technology. Braxton was awarded initial contract work on NTS-3 through a Phase III Small Business Innovation and Research (SIBR) Contract in 2017. For more information on the Vangaurd Program, visit https://afresearchlab.com/technology/vanguards TAGS 2019 Braxton Wins a Phase II SBIR Award at Air Force Space Pitch Day for Advanced Concepts Ecosystem for Space November 2019 Braxton was pleased to accept a $750,000 award at the live Air Force Space Pitch event on November 5th, 2019. The award followed months of extensive customer discovery, a Phase II proposal, and a closed-door pitch in the presence of high-ranking Air Force leaders and other Industry Influencers. During the Space Pitch process, Braxton evolved an idea for an Advanced Concepts Ecosystem for Space (ACES), tailoring our existing Commercial Off-the-Shelf (COTS) products into a novel prototyping environment. These products will be integrated with existing projects and programs, following modular opens systems architectures practices with standard interfaces, to augment and enable an end-to-end prototyping enterprise to support SMC. TAGS 2019 Braxton in the News for Space Pitch Day Award November 2019 “What you see here is your Air Force trying to do things differently; experimenting with how we can work closer with the commercial space market particularly the small businesses,” said Lt. Gen. John “JT” Thompson, Air Force Space and Missile Systems Center commander. “We have to transition from an industrial age acquisition model to something more modern. We have to do that because of the threats we are seeing from our adversaries.” Braxton gave a private pitch on Day One of the inaugural AF Space Pitch Days, and was one of 12 companies that walked away with a Phase II SBIR contract and a $50,000 credit card swipe to start executing. Read More Here TAGS 2019 Braxton’s Chairman of the Board, Kevin O’Neil, Receives Prestigious Award at the 2019 Chamber of Commerce and EDC Gala November 2019 “Kevin is an entrepreneurial powerhouse and one of our region’s most accomplished business leaders. He will undoubtedly have a special spot in our city’s story of growth and revitalization when we look back on this era,” said Dirk Draper, president and CEO of the Chamber & EDC. “His passion for this community is equally as impressive as his business acquisitions. He invests in both capital projects and relationships that benefit all of us. He truly embodies Business Citizen of the Year.” Read More Here TAGS 2019 Phase I AFRL SBIR Award for Commercial Satellite Operations for LEO Constellations (AceSOC) July 2019 Braxton has been awarded a Phase I SBIR by AFRL to continue developing a concept that will leverage existing infrastructure and successfully demonstrated prototypes, already in use by the Air Force. AceSOC will extend the technology to provide a virtual SOC for satellite providers to contact their LEO constellations. The benefits/innovations of this approach to both military and commercial applications include economy of scale cost reductions, providing simultaneous LEO contacts, providing a core application framework within an open Campus concept so other commercial companies can participate, providing capabilities to supplement with other companies for mission operations, allowing commercial companies to maintain control of their own constellations, or having Braxton manage their constellations for them. TAGS 2019 Pagination Page 1 Next page ›› Search Search Search Search by Year 2014 2015 2016 2017 2018 2019 2020 2021 2022 559 E. Pikes Peak Ave. Suite 300 Colorado Springs, CO 80903 MEDIA CAREERS CONTACT © 2020 Copyright Braxton Technologies