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Parsons Buys Defense Tech Firm Altamira for $375M to Boost National Security Portfolio
Parsons aims to grow defense analytics and intelligence services with Altamira acquisition, targeting over $200 million revenue in 2026, executives said.
- On Jan. 15, 2026, Parsons Corporation announced the acquisition of Altamira Technologies Corporation in a deal valued up to $375 million, expanding its defense, space, and intelligence footprint.
- Altamira Technologies Corporation, known for advanced analytics and signals intelligence , complements Parsons' all-domain integration and positions it to expand in the Intelligence Community market.
- Parsons paid $330 million in cash at closing and may pay a $45 million earn-out tied to 2026 performance, with Altamira expected to generate more than $200 million in revenue in 2026.
- The deal echoes Parsons' recent acquisition-driven strategy, with Parsons Corporation shares ticking slightly lower in premarket trading on Thursday as PSN stock lost over 26% in the past year, Parsons said the deal fits its acquisition criteria.
- Altamira's workforce of more than 600 employees, over 90% with security clearances, will be folded into Parsons' Defense & Intelligence business unit, and ClearSky said the exit confirms its investment focus.
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Parsons buys Altamira for $375 million to expand space and intelligence portfolio
The acquisition brings missile-warning and space data analytics capabilities The post Parsons buys Altamira for $375 million to expand space and intelligence portfolio appeared first on SpaceNews.
·Mojave, United States
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Parsons Buys Altamira for $375M
Parsons has acquired Altamira Technologies for approximately $375 million as part of efforts to expand its signals intelligence, missile warning, cyber and space capabilities for the Department of War and U.S. intelligence community customers. Parsons said Tuesday Altamira’s more than 600 employees, over 90 percent of whom hold security clearances, will become part of its
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Total News Sources10
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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