Cobham Purchases SPARTA

17 January 2008 (Last Updated January 17th, 2008 09:07)

UK defence firm Cobham has acquired US intelligence and ballistic missile defence technology company SPARTA in a US$416m deal. Cobham says the acquisition will help it transform its position in the US intelligence market. In 2006, Cobham reported revenues of just over US$1bn,

UK defence firm Cobham has acquired US intelligence and ballistic missile defence technology company SPARTA in a US$416m deal.

Cobham says the acquisition will help it transform its position in the US intelligence market.

In 2006, Cobham reported revenues of just over US$1bn, and SPARTA US$297m.

The deal is subject to regulatory and shareholder approval.

By staff writer