Parsons Corporation Acquires Altamira Technologies for Up to $375 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Source: Benzinga
- Acquisition Overview: Parsons Corporation announced the acquisition of Altamira Technologies for up to $375 million, with $330 million paid in cash at closing and an additional $45 million contingent on performance targets in Q1 2027, indicating strong expectations for 2026 earnings.
- Business Expansion: This acquisition will enhance Parsons' capabilities in national security and intelligence, with Altamira expected to generate over $200 million in revenue in 2026, improving margins and earnings per share, aligning with the company's acquisition criteria.
- Strategic Significance: CEO Carey Smith stated that acquiring Altamira serves as a strategic accelerator for national security growth, strengthening Parsons' ability to deliver rapid, agile solutions across the Department of Defense and Intelligence Community, highlighting future market focus.
- Market Reaction: Despite the acquisition announcement, Parsons' stock fell 1.69% in premarket trading to $69.18, reflecting a more than 26% decline over the past year, indicating cautious market sentiment regarding the acquisition.
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Analyst Views on PSN
Wall Street analysts forecast PSN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSN is 84.00 USD with a low forecast of 70.00 USD and a high forecast of 107.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
10 Buy
4 Hold
0 Sell
Moderate Buy
Current: 71.710
Low
70.00
Averages
84.00
High
107.00
Current: 71.710
Low
70.00
Averages
84.00
High
107.00
About PSN
Parsons Corporation is a disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Its Federal Solutions segment provides advanced technical solutions to the United States government. This segment provides advanced technologies, supporting national security missions in cyber operations, missile defense, and military facility modernization, logistics support, hazardous material remediation and engineering services. Its Critical Infrastructure segment offers integrated engineering and management services for complex physical and digital infrastructure around the globe. This segment is a technology innovator focused on next-generation digital systems and complex structures. It also develops advanced, warfighter-focused solutions for military and security applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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