Parsons Acquires Altamira Technologies Corporation

Rhea-AI Summary

Parsons (NYSE:PSN) acquired Altamira Technologies in a transaction valued up to $375 million announced Jan 15, 2026. Parsons paid $330 million cash at closing plus a $45 million earnout payable in Q1 2027 if 2026 EBITDA targets are met. Parsons expects Altamira to generate over $200 million revenue in 2026 and says the deal is accretive to its fiscal 2026 revenue growth, adjusted EBITDA margin, and adjusted EPS. The base purchase implies a 12.8x multiple on anticipated 2026 EBITDA. Altamira brings ~600 employees, >90% security-cleared, and SIGINT, space, cyber, and AI/ML capabilities to Parsons' Defense & Intelligence unit.

Positive

• Altamira projected to generate over $200 million revenue in 2026
• Transaction described as accretive to Parsons' FY2026 revenue growth, adjusted EBITDA margin, and adjusted EPS
• Parsons paid $330 million cash at closing with clearly defined earnout structure
• Base purchase price implies a 12.8x multiple on anticipated 2026 EBITDA

Negative

• $45 million earnout payable in Q1 2027 is contingent on 2026 EBITDA targets, creating execution risk
• Total consideration up to $375 million increases near-term cash commitment compared with the $330 million close

Key Figures

Deal value (max): $375 million Cash at closing: $330 million Earn-out: $45 million +5 more

8 metrics

Deal value (max) $375 million Total potential Altamira transaction value

Cash at closing $330 million Cash paid for Altamira at deal closing

Earn-out $45 million Additional cash earn-out payable in Q1 2027

EBITDA multiple 12.8x Multiple on anticipated 2026 Altamira EBITDA (pre-synergies)

Target 2026 revenue Over $200 million Estimated Altamira revenue contribution in 2026

Deal strategy hurdle 10 percent Minimum revenue growth and adjusted EBITDA margin for targets

Employees More than 600 Altamira workforce to be aligned with Defense & Intelligence unit

Security clearances Over 90 percent Share of Altamira employees holding security clearances

Market Reality Check

Price: $72.22 Vol: Volume 984,773 is below t...

normal vol

$72.22 Last Close

Volume Volume 984,773 is below the 20-day average of 1,261,810, suggesting the move came on lighter-than-typical trading. normal

Technical Shares at $70.37 trade below the 200-day MA of $73.60, about 28% under the $97.91 52-week high and above the $54.56 52-week low.

Peers on Argus

PSN gained 1.72% while key IT services peers like EPAM (3.18%), KD (1.81%), G (1...

PSN gained 1.72% while key IT services peers like EPAM (3.18%), KD (1.81%), G (1.98%), GDS (2.5%) and EXLS (1.92%) also traded higher, but the momentum scanner did not flag a sector-wide move.

Historical Context

5 past events · Latest: Jan 13 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 13	Saudi contract win	Positive	+0.1%	Award of 60‑month ILDC role for New Murabba megaproject in Saudi Arabia.
Jan 05	Federal contract win	Positive	+6.9%	New ten‑year, <b>$392M</b> federal contract leveraging biometrics and systems integration.
Dec 29	Employer recognition	Positive	+0.2%	Multiple 2025–2026 awards for military‑friendly and veteran hiring practices.
Dec 23	Transit design award	Positive	+0.9%	Selection to design VIA Rapid Silver Line, a <b>7.3‑mile</b>, <b>$322M</b> ART corridor.
Dec 22	Missile defense IDIQ	Positive	+1.3%	Award of position on MDA SHIELD IDIQ with <b>$151B</b> contract ceiling.

Pattern Detected

Recent Parsons news, especially contract wins, has typically led to modest positive price reactions, with one notably stronger move on a large federal award.

Recent Company History

Over the last few months, Parsons has reported a series of contract wins and recognition that reinforce its defense and infrastructure positioning. Highlights include a 60‑month New Murabba design role over 14 million m², a new $392 million ten‑year federal contract leveraging biometrics, and selection for San Antonio’s $322 million VIA Rapid Silver Line. Parsons also secured a position on the MDA SHIELD IDIQ with a $151 billion ceiling. These developments show consistent pipeline and capability expansion ahead of the Altamira acquisition.

Market Pulse Summary

This announcement details Parsons’ acquisition of Altamira for up to $375 million, including $330 mi...

Analysis

This announcement details Parsons’ acquisition of Altamira for up to $375 million, including $330 million cash at closing and a $45 million earn-out tied to 2026 EBITDA. Altamira is expected to generate over $200 million of 2026 revenue and to be accretive to revenue growth, adjusted EBITDA margin, and adjusted EPS. Historically, Parsons has used acquisitions to expand capabilities in defense, intelligence, and infrastructure. Investors may watch how 2026 revenue, EBITDA contribution, and integration progress compare with these stated expectations.

Key Terms

signals intelligence, sigint, isr, ai/ml‑enabled analytics, +3 more

7 terms

signals intelligence technical

"Acquisition bolsters Parsons’ signals intelligence and space solutions for the U.S."

Signals intelligence is the collection and analysis of information from intercepted electronic transmissions — such as phone calls, radio messages, radar emissions, and digital data streams — to understand intentions, capabilities or activities. For investors it matters because changes in signals intelligence capabilities or exposure can shift government defense spending, create regulatory or legal risks for technology companies, and reveal cybersecurity vulnerabilities that could affect a firm’s value, much like overhearing a conversation can change how you act.

sigint technical

"advanced analytics, signals intelligence (SIGINT), cyber, missile warning, and space"

Signals intelligence (SIGINT) is the collection and analysis of electronic communications and transmissions—like phone calls, radio, or satellite data—to learn about intentions, capabilities, or activities. For investors, SIGINT drives demand for companies that make sensors, secure networks, data analysis tools and encryption, and it influences government spending, national security policies, export controls and cyber-risk assessments that can materially affect valuations and contracts. Think of it as electronic eavesdropping that shapes where governments and corporations direct money and attention.

isr technical

"Altamira’s advanced intelligence, surveillance, and reconnaissance (ISR), and analytics"

ISR stands for socially responsible investing (from the French phrase Investissement Socialement Responsable) and means choosing stocks, bonds or funds based on environmental, social and governance criteria in addition to financial return. Like picking a brand that matches your values, ISR matters to investors because it helps align portfolios with personal or institutional priorities, can reduce exposure to companies with regulatory or reputational risks, and can influence demand and valuation for firms deemed more sustainable.

ai/ml‑enabled analytics technical

"With core strengths in missile warning, AI/ML‑enabled analytics, space‑based mission"

AI/ML‑enabled analytics are computer systems that use artificial intelligence and machine learning to find patterns, make predictions, and summarize large sets of data automatically—like a skilled assistant that reads thousands of pages and highlights what matters. For investors, they matter because they can speed up research, surface hidden risks or opportunities, and improve forecasting and decision-making at scale, potentially giving companies a competitive edge and affecting future earnings and valuation.

ebitda financial

"at least 10 percent, while adding critical intellectual property that strengthens"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

earn out financial

"with an additional $45 million cash earn out payable in Q1 2027 if certain"

An earn-out is a portion of the purchase price in a business sale that is paid later only if the acquired business hits agreed future targets, such as sales, profit, or specific milestones. It matters to investors because it shifts risk between buyer and seller—buyers pay less up front and sellers can earn more if performance is strong—so earn-outs affect expected future cash flows, the reliability of the deal’s valuation, and how quickly value from the acquisition may materialize.

adjusted earnings per share financial

"accretive to Parsons’ fiscal year 2026 revenue growth rate, adjusted EBITDA margin, and adjusted earnings per share."

Adjusted Earnings Per Share shows how much profit a company makes for each share of stock, but it removes unusual or one-time items like big expenses or gains. This helps investors see the company's true ongoing performance, making it easier to compare how well different companies are doing over time.

AI-generated analysis. Not financial advice.

Acquisition bolsters Parsons’ signals intelligence and space solutions for the U.S. Department of War

CHANTILLY, Va., Jan. 15, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has acquired Northern Virginia-based Altamira Technologies Corporation in a transaction valued up to $375 million. Founded in 1999, Altamira enhances Parsons’ defense and intelligence portfolio by delivering advanced analytics, signals intelligence (SIGINT), cyber, missile warning, and space capabilities, complementing the company’s strengths in all‑domain technology integration and Indo‑Pacific operations, and expanding with Intelligence Community (IC) customers.

“Acquiring Altamira 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,” said Carey Smith, chair, president, and CEO of Parsons. “Altamira’s advanced intelligence, surveillance, and reconnaissance (ISR), and analytics capabilities, plus their space‑based mission solutions expand our capabilities and position us to capture a larger share of the rapidly evolving intelligence and multi‑domain operations market. Their deep commitment to solving the nation’s most complex security challenges aligns seamlessly with Parsons’ mission, culture, and alignment to the Department of War’s acquisition‑transformation strategy.”

Altamira is headquartered in McLean, Virginia, and is recognized for its exceptional employees whose elite expertise and clearances enable high-end engineering, analytics, and mission technologies that support some of the nation’s most sensitive intelligence, space, and defense programs. With core strengths in missile warning, AI/ML‑enabled analytics, space‑based mission support, and SIGINT/cyber operations, Altamira provides customers with the ability to detect, characterize, and respond to emerging threats across all domains. The company has a proven track record of rapidly transitioning innovative prototypes into operational capabilities, directly supporting the Department of War and IC’s push for faster acquisition cycles, digital modernization, and resilient mission architecture.

“We are excited to join forces with Parsons, a partnership that reflects our shared commitment to innovation, mission excellence, and delivering decisive advantages to the warfighter,” said Jane Chappell, CEO of Altamira. “Our cultures are deeply aligned with both organizations prioritizing agility, technical excellence, and a relentless focus on customer mission outcomes. Together, we will leverage our combined strengths to expand our impact, accelerate capability delivery, and provide the cutting‑edge solutions required to meet the Department of War and Intelligence Community’s evolving operational and acquisition priorities.”

Altamira has been a portfolio company of ClearSky, a venture capital/growth equity firm investing in critical security companies, McNally Capital, Razor’s Edge, and NIO Advisors. “ClearSky is very excited to have supported Altamira during its growth, and to have contributed to strengthened national security through Altamira’s execution and innovation,” said Alex Weiss, CEO, co-founder and managing partner of ClearSky. “This exit further confirms the success of ClearSky’s focus on investing in a safer world.”

The transaction is consistent with Parsons’ strategy of completing accretive acquisitions of companies with revenue growth and adjusted EBITDA margins of at least 10 percent, while adding critical intellectual property that strengthens the company’s existing portfolio. Altamira’s more than 600 talented employees, over 90 percent of whom hold security clearances, will be aligned to Parsons’ Defense & Intelligence business unit.

Parsons paid $330 million of cash at closing for Altamira, with an additional $45 million cash earn out payable in Q1 2027 if certain EBITDA targets are met during 2026. The base purchase price implies a 12.8x multiple on the anticipated Altamira 2026 EBITDA contribution before considering any revenue or cost synergies. Parsons estimates Altamira will generate over $200 million of revenue in 2026 and that the transaction will be accretive to Parsons’ fiscal year 2026 revenue growth rate, adjusted EBITDA margin, and adjusted earnings per share. Barclays acted as the exclusive financial advisor to Parsons and Baird acted as the exclusive financial advisor to Altamira.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends, and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results, and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results, or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local, or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations, and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations, or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train, or retain employees with the requisite skills, experience, and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews, and investigations, which may result in materially adverse judgments, settlements, or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

Media Contact:
Bryce McDevitt        
+1.703.851.4425
Bryce.McDevitt@parsons.com

Investor Relations Contact:
Dave Spille
+ 1.571.655.8264
Dave.Spille@parsons.com

FAQ

How much did Parsons (PSN) pay to acquire Altamira Technologies on Jan 15, 2026?

Parsons paid $330 million cash at closing with an additional $45 million earnout payable in Q1 2027 if 2026 EBITDA targets are met (total up to $375 million).

What revenue does Parsons expect Altamira to contribute in 2026 after the PSN acquisition?

Parsons estimates Altamira will generate over $200 million of revenue in 2026.

Will the Altamira acquisition be accretive to Parsons (PSN) results in 2026?

Parsons expects the transaction to be accretive to its fiscal 2026 revenue growth, adjusted EBITDA margin, and adjusted EPS.

What is the implied purchase multiple for Altamira in the Parsons deal (PSN)?

The base purchase price implies a 12.8x multiple on the anticipated Altamira 2026 EBITDA contribution.

How many Altamira employees join Parsons (PSN) and how many hold clearances?

Altamira has more than 600 employees, with over 90% holding security clearances who will align to Parsons' Defense & Intelligence unit.

When is the Altamira earnout payable and what triggers it for Parsons (PSN)?

The $45 million earnout is payable in Q1 2027 only if specified 2026 EBITDA targets are met.