Parsons buys Altamira for $375 million to expand space and intelligence portfolio

WASHINGTON — Parsons said Jan. 15 it has acquired Altamira Technologies for $375 million, a move aimed at expanding its capabilities in space data analytics and intelligence missions.

Parsons, a Chantilly, Virginia-based defense and intelligence contractor, said it paid $330 million in cash at closing, with an additional $45 million earn-out payable in the first quarter of 2027 if Altamira meets certain earnings targets in 2026.

McLean, Virginia-based Altamira specializes in signals intelligence, missile warning and space-focused data analytics. Under various military contracts, the company has developed artificial intelligence- and machine learning-enabled analytic tools designed to process and interpret data from missile warning satellites.

“Altamira’s advanced intelligence, surveillance, reconnaissance 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,” said Carey Smith, Parsons’ chief executive officer.

Altamira brings technical depth in analyzing space-based sensor data, particularly missile warning satellite feeds, and in fusing information from multiple intelligence sources to support national security missions. That work aligns with growing Defense Department interest in integrating space-based sensing with terrestrial and airborne intelligence systems.

The acquisition adds to Parsons’ footprint in the space and defense sectors. Traditionally known for engineering, infrastructure and program management work, Parsons has spent recent years using acquisitions to move further into high-end intelligence, cyber and space-related missions. 

Altamira has more than 600 employees, about 90% of whom hold security clearances. The company will be aligned under Parsons’ Defense & Intelligence business unit.

Altamira had been backed by ClearSky, a venture capital and private equity firm focused on national security technology companies.

Parsons said it expects Altamira to generate more than $200 million in revenue in 2026.