WASHINGTON — Parsons, a government contractor with more than $3 billion in annual revenues, announced it has acquired Polaris Alpha, a defense and intelligence technology firm with a growing business in space, artificial intelligence, command and control and cybersecurity.
With more than 14,000 employees, Parsons is known for engineering, construction and infrastructure. Polaris Alpha has a workforce of 1,300, nearly 90 percent with security clearances. The acquisition fits into Parsons’ strategy to expand its high-tech government services business, particularly in space, intelligence and cybersecurity.
“With the acquisition of Polaris Alpha, our space portfolio becomes much stronger,” Carey Smith, president of Parsons’ federal business unit, told SpaceNews.
Parsons bought Polaris Alpha from private equity firm Arlington Capital Partners, the company announced May 21. As a privately held company, it does not disclose the value of its corporate acquisitions. Polaris Alpha will become part of Parsons’ federal business unit.
The combination makes Parsons a more competitive player in the space and defense markets, Smith said. She noted the company’s deep roots as a Pentagon and Missile Defense Agency contractor, and Polaris Alpha’s expertise in cutting-edge intelligence and information technologies.
“Together we’re going to have quite a bit of clout,” Jay Jesse, president ...