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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.
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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 to the council were elected by the employees.
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38:, 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
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In 2011, SPARTA, with the exception of the composites manufacturing portion of the company, was sold by
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for US$ 407 million. It was renamed Cobham
Analytic Solutions while under Cobham management.
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82:"Cobham Completes Purchase of US Intelligence and Missile Defence Company"
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This United States manufacturing company–related article is a
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