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Parsons Just Boosted Its Intel Arsenal—How Altamira Changes The Game!

Parsons Corporation has been strategically positioning itself at the forefront of defense, intelligence, and infrastructure modernization. In a move aimed at accelerating this strategy, Parsons announced its acquisition of Northern Virginia-based Altamira Technologies for approximately $375 million. The deal structure includes $330 million paid in cash at closing and a $45 million earnout contingent on Altamira meeting 2026 EBITDA targets. This translates into an upfront EBITDA multiple of 12.8x based on projected 2026 results, before synergies. With Altamira expected to generate over $200 million in revenue in 2026, the transaction is projected to be accretive to Parsons’ revenue growth, adjusted EBITDA margin, and EPS. Coming off a strong Q3 2025, where Parsons reported 14% total revenue growth (excluding a confidential contract), solid 60bps margin expansion, and a robust $163 million in operating cash flow, this acquisition builds on the company’s trajectory of aligning with high-priority federal and international defense programs.