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Parsons Corporation has acquired Altamira Technologies Corporation for $330 million, aiming to enhance its offerings in intelligence, surveillance, and reconnaissance (ISR). The deal, announced Thursday, adds approximately 600 employees and positions Parsons to target a larger share of the intelligence community market.

An additional $45 million may be paid in early 2027 based on profit targets, raising the total value to $375 million. Parsons anticipates that Altamira will generate over $200 million in revenue in 2026. The acquisition aligns with Parsons' national security growth strategy and focuses on faster technology fielding for U.S. defense and intelligence sectors.