Parsons Corporation announced the acquisition of Altamira Technologies Corporation in a transaction valued up to $375 million.
Altamira enhances Parsons' defense and intelligence portfolio with advanced analytics, signals intelligence, cyber capabilities, and space solutions.
The acquisition strengthens Parsons' position in the national security market and expands its capabilities to serve the Department of War and Intelligence Community customers.
Strategic Accelerator for National Security Growth
Acquiring Altamira boosts Parsons' ability to deliver intelligence-driven solutions for the Department of War and Intelligence Community, aligning with Parsons' national security growth strategy.
Enhanced Defense and Intelligence Portfolio
Altamira's expertise in intelligence, surveillance, reconnaissance, and space-based mission solutions complements Parsons' all-domain technology integration, expanding capabilities for complex security challenges.
Aligned Cultures and Shared Commitment to Innovation
Both Parsons and Altamira prioritize agility, technical excellence, and customer mission outcomes, fostering a partnership focused on delivering decisive advantages to the warfighter.
- Altamira's advanced intelligence, surveillance, and reconnaissance capabilities, along with their analytics and space solutions, position Parsons to capture a larger share of the evolving intelligence and multi-domain operations market.
- The acquisition strengthens Parsons' capability to deliver rapid and agile mission-ready solutions, supporting faster acquisition cycles and digital modernization for the Department of War and Intelligence Community.
The acquisition of Altamira Technologies Corporation signifies a strategic move by Parsons Corporation to enhance its national security offerings and strengthen its market position in delivering intelligence-driven solutions to meet evolving operational priorities.