SPARTA Inc.

SPARTA, Inc. 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, stands for "Systems Planning Analysis Research and Technology Associates."

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.

Some benefits and company procedures are decided upon by a council of employees which meets usually annually. Slightly fewer than one third of the representatives to the council are elected by the employees.

In January 2008 Cobham plc released that it will purchase SPARTA for USD$416 million. [ [http://www.cobham.com/vfile.ashx?id=1028&Section=1009&DocId=1255 News Release] from Cobham plc website] The purchase was approved by SPARTA shareholders in April 2008, but was at that time still subject to U.S. Government approval. [ [http://www.sec.gov/Archives/edgar/data/875623/000095013408006578/a39879e8vk.htm#001 SPARTA SEC 8-K filing] , April 11, 2008]

References

External links

* [http://www.sparta.com/ SPARTA, Inc.]