Parsons Acquires Altamira Technologies for Up to $375 Million

Reuters01-15
Parsons Acquires Altamira Technologies for Up to $375 Million

Parsons Corporation has acquired Altamira Technologies Corporation, a Northern Virginia-based provider of advanced analytics, signals intelligence, cyber, missile warning, and space solutions, in a deal valued up to $375 million. The transaction included a $330 million cash payment at closing, with an additional $45 million earn-out contingent on meeting certain 2026 EBITDA targets. The acquisition is expected to strengthen Parsons' defense and intelligence portfolio, expand its reach with Intelligence Community customers, and enhance its capabilities in intelligence, surveillance, reconnaissance, and space-based solutions. Parsons estimates that Altamira will generate more than $200 million in revenue in 2026 and anticipates the deal will be accretive to its fiscal year 2026 revenue growth, adjusted EBITDA margin, and adjusted earnings per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Parsons Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9626069-en) on January 15, 2026, and is solely responsible for the information contained therein.

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