PASADENA, CA (May 21, 2018) – Parsons today announced its agreement to acquire Polaris Alpha, an advanced, technology-focused provider of innovative mission solutions for complex defense, intelligence, and security customers, as well as other U.S. federal government customers. Parsons’ agreement to acquire Polaris Alpha, from private equity firm Arlington Capital Partners, is the latest in the company’s series of strategic investments focused on companies with technologies aligned to evolving threats in the land, sea, air, space, and cyber domains.
Parsons is a prime contractor of the Defense Intelligence Agency’s Missile and Space Intelligence Center in Huntsville. One of Parsons’ largest defense contracts is for systems engineering and technical advice to the Missile Defense Agency. Over 1,000 employees work in contractor-support roles for MDA at various locations.
Parsons’ existing artificial intelligence (AI), signals intelligence, and data analytics expertise supporting defensive and offensive cybersecurity missions will be expanded by the integration of Polaris Alpha’s machine learning, data, video, multi-source analytics, and automated reasoning technologies. Polaris Alpha’s portfolio of electromagnetic (EM) warfare, signals intelligence (SIGINT), space situational awareness, and multi-domain command and control (C2) technologies will significantly increase the scale and scope of Parsons’ capabilities and customer relationships. Both companies support the U.S. intelligence community, numerous U.S. Department of Defense agencies, the Department of Homeland Security, and other federal agencies, including the National Aeronautics and Space Administration and the Department of Justice.
“The agreement to acquire Polaris Alpha is the latest transformative move for Parsons that takes our technology solutions strategy to a new level with customers needing advanced solutions to rapidly evolving threats,” said Chuck Harrington, Parsons’ Chairman and CEO. “With the integration of Polaris Alpha into Parsons, we enhance our proven artificial intelligence and data analytics expertise with new technologies and solutions, the demand for which is growing exponentially.”