Parsons Corp. is acquiring Altamira Technologies Corp. in a transaction valued at up to $375 million, bolstering its position across defense, intelligence, cyber and space missions, the company said.
Based in McLean, Virginia, Altamira provides missile warning, AI and machine learning-enabled analytics, space-based mission support and signals intelligence and cyber capabilities that help customers detect and respond to threats across all domains, with a track record of moving prototypes quickly into operational use for the Defense Department and the intelligence community.
Parsons Chair, President and CEO Carey Smith said the acquisition strengthens the company’s national security growth strategy and expands its ability to deliver fast, mission-ready and intelligence-driven solutions across the Defense Department and the intelligence community.
“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,” she added. “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 CEO Jane Chappell said the company’s combination with Parsons reflects a shared focus on innovation, mission excellence and delivering meaningful advantages to the warfighter.
“Our cultures are deeply aligned with both organizations prioritizing agility, technical excellence, and a relentless focus on customer mission outcomes,” she continued. “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.
Parsons paid $330 million in cash at closing for Altamira, with up to $45 million more due in the first quarter of 2027 if the company meets certain earnings targets in 2026. The deal values Altamira at a 12.8 multiple of its projected 2026 adjusted EBITDA, before any revenue or cost synergies.
Parsons expects Altamira to generate over $200 million in revenue in 2026 and said the acquisition will be accretive to revenue growth, adjusted EBITDA margin and adjusted earnings per share that year.
Barclays served as exclusive financial adviser to Parsons and Baird as exclusive financial adviser to Altamira.