Sparta Inc.
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Sparta Inc.
SPARTA Inc. AESO, A Parsons Company, (For a short time known as Cobham Analytic Solutions) is a United States defense contractor based in Lake Forest, California. It was started in 1979 and has more than 20 offices around the United States. The acronym, SPARTA, stood for "Systems Planning Analysis Research and Technology Associates." Prior to its acquisition by Cobham plc, SPARTA was unusual for a U.S. defense contractor in that it was publicly held but privately traded; it was more than 98% owned by its 1,300 employees. Employees were granted stock options based on various criteria, including corporate profit and individual contribution to bringing in new business. Employees could sell stock back to the company when their options vested, at a price determined by a formula for valuing the company. Prior to the acquisition, some benefits and company procedures were decided upon by a council of employees which met annually. Slightly fewer than one third of the representatives ...
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Defense Contractor
The arms industry, also known as the arms trade, is a global industry which manufactures and sells weapons and military technology. It consists of a commercial industry involved in the research and development, engineering, production, and servicing of military material, equipment, and facilities. Arms-producing companies, also referred to as arms dealers, or as the military industry, produce arms for the armed forces of states and for civilians. Departments of government also operate in the arms industry, buying and selling weapons, munitions and other military items. An arsenal is a place where arms and ammunition - whether privately or publicly owned - are made, maintained and repaired, stored, or issued, in any combination. Products of the arms industry include guns, artillery, ammunition, missiles, military aircraft, military vehicles, ships, electronic systems, military communications, night-vision devices, holographic weapon sights, laser rangefinders, laser sight ...
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Lake Forest, California
Lake Forest is a city in Orange County, California. The population was 85,858 at the 2020 census. Lake Forest incorporated as a city on December 20, 1991. Prior to incorporation, the community had been known as El Toro. Following a vote in 2000, Lake Forest expanded its city limits to include the master-planned developments of Foothill Ranch and Portola Hills. This expansion brought new homes and commercial centers to the northeastern boundary of the city. Lake Forest has two lakes from which the city gets its name. The lakes are man-made, and condominiums and custom homes ranging from large to small line their shores. Neighborhood associations manage the lakes (Lake 1, known as the Lake Forest Beach and Tennis Club, and Lake 2, the Sun and Sail Club.) Each facility features tennis courts, gyms, basketball courts, barbecue pits, volleyball courts, multiple swimming pools, saunas, hot tubs and club houses for social events. The "forest" for which the city is also named lies in ...
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Cobham Plc
Cobham Limited is a British aerospace manufacturing company based in Bournemouth, England. Cobham was originally founded by Sir Alan Cobham as Flight Refuelling Limited (FRL) in 1934. During 1939, British airline Imperial Airways performed several non-stop crossings of the Atlantic using equipment provided by FRL. During the late 1940s, the company's aerial refuelling equipment broke new ground, including a round-the-world flight by specially-equipped Boeing B-50 Superfortresses in 1948 and the demonstration of the now-widely used 'probe and drogue' method of air-to-air refuelling for the first time in 1949. A wide range of aircraft have since been equipped with Cobham's refuelling equipment. The company has grown and diversified into various markets, often through acquisitions. Michael Cobham, Alan's son, took over its leadership during 1969. During 1994, the firm was formally renamed Cobham plc; by this point, the company had in excess of 10,000 employees and had operation ...
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Stock Option
In finance, an option is a contract which conveys to its owner, the ''holder'', the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified date, depending on the style of the option. Options are typically acquired by purchase, as a form of compensation, or as part of a complex financial transaction. Thus, they are also a form of asset and have a valuation that may depend on a complex relationship between underlying asset price, time until expiration, market volatility, the risk-free rate of interest, and the strike price of the option. Options may be traded between private parties in ''over-the-counter'' (OTC) transactions, or they may be exchange-traded in live, public markets in the form of standardized contracts. Definition and application An option is a contract that allows the holder the right to buy or sell an underlying asset or financial instrument at a specified strike ...
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Parsons Corporation
Parsons Corporation (Parsons) is an American technology-focused defense, intelligence, security, and infrastructure engineering firm headquartered in Centreville, Virginia. The company was founded in 1944. Parsons has more than 16,000 employees across 24 countries. Carey Smith serves as Chairwoman, President, and CEO of Parsons. The company has been named as one of the World’s Most Ethical Companies by Ethisphere for 13 consecutive years. History Parsons was founded by Ralph M. Parsons in 1944. The company delivered electronics, instrumentation, ground checkout systems design, and engineering for aircraft, missiles and rockets during the Cold War. In 1974, Parsons opened the first part of its headquarters in Pasadena. In 2004, a $29.5 million contract was given to both Parsons and Gilbert Southern/Massman Construction to redo a portion of the Escambia Bay Bridge near Pensacola, FL after Hurricane Ivan made landfall and knocked off 58 spans of the original bridge and misali ...
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Defense Companies Of The United States
Defense or defence may refer to: Tactical, martial, and political acts or groups * Defense (military), forces primarily intended for warfare * Civil defense, the organizing of civilians to deal with emergencies or enemy attacks * Defense industry, industry which manufactures and sells weapons and military technology * Self-defense, the use of force to defend oneself * Haganah (Hebrew for "The Defence"), a paramilitary organization in British Palestine * National security, security of a nation state, its citizens, economy, and institutions, as a duty of government ** Defence diplomacy, pursuit of foreign policy objectives through the peaceful employment of defence resources ** Ministry of defence or department of defense, a part of government which regulates the armed forces ** Defence minister, a cabinet position in charge of a ministry of defense * International security, measures taken by states and international organizations to ensure mutual survival and safety Sports * De ...
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Employee-owned Companies Of The United States
Employee stock ownership, or employee share ownership, is where a company's employees own shares in that company (or in the parent company of a group of companies). US employees typically acquire shares through a share option plan. In the UK, Employee Share Purchase Plans are common, wherein deductions are made from an employee's salary to purchase shares over time. In Australia it is common to have all employee plans that provide employees with $1,000 worth of shares on a tax free basis. Such plans may be selective or all-employee plans. Selective plans are typically only made available to senior executives. All-employee plans offer participation to all employees (subject to certain qualifying conditions such as a minimum length of service). Most corporations use stock ownership plans as a form of an employee benefit. Plans in public companies generally limit the total number or the percentage of the company's stock that may be acquired by employees under a plan. Compared with ...
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