Parsons Corporation announced a $375 million acquisition of Altamira Technologies, a Northern Virginia‑based firm that specializes in advanced analytics, signals intelligence, cyber, missile warning, and space capabilities. The deal consists of $330 million in cash paid at closing and a $45 million earn‑out that will be paid in Q1 2027 if Altamira meets 2026 EBITDA targets.
The purchase adds more than 600 employees—90 % of whom hold security clearances—to Parsons’ Defense & Intelligence business unit. Altamira’s proprietary ISR, AI/ML‑enabled analytics, and space‑based mission‑support technologies are expected to accelerate Parsons’ delivery of integrated solutions to the Department of War and the Intelligence Community, reinforcing the company’s strategy of building a portfolio of high‑security, high‑margin capabilities in contested domains.
Financially, the transaction is projected to be accretive to Parsons’ fiscal‑year 2026 revenue growth, adjusted EBITDA margin, and earnings per share. Altamira is expected to generate over $200 million in revenue in 2026, and the base purchase price implies a 12.8× multiple on anticipated 2026 EBITDA, indicating Parsons’ confidence in the target’s earnings potential. The earn‑out structure aligns the interests of Altamira’s management with Parsons’ long‑term performance goals.
Market reaction to the announcement was mixed. Some reports noted a slight dip in pre‑market trading, while others recorded a 4.39 % rise to $73.46. Analysts highlighted the strategic fit and the potential for future federal contracts in cyber, electronic warfare, and space, but also noted the integration risk of a large acquisition and the need for Parsons to realize cost synergies to maintain margin targets.
Chief Executive Officer Carey Smith said the deal “is a strategic accelerator for our national security growth strategy, strengthening Parsons’ ability to deliver rapid and agile mission‑ready, intelligence‑driven solutions across the Department of War and the Intelligence Community.” Altamira CEO Jane Chappell added that the partnership “reflects our shared commitment to innovation, mission excellence, and delivering decisive advantages to the warfighter.”
The acquisition positions Parsons to capture a larger share of the evolving national‑security market, but the company will need to integrate Altamira’s workforce and technology while managing the earn‑out payout. The upcoming Q4 2025 and FY 2025 earnings release on February 11 2026 will provide further insight into how the transaction impacts Parsons’ near‑term financial performance.
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