Parsons (PSN) Completes Acquisition of BlackSignal Technologies
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Parsons Completes Acquisition of BlackSignal Technologies
August 16, 2024 6:30 AM EDTCHANTILLY, Va., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it completed the previously announced acquisition of BlackSignal Technologies, LLC, a Razors Edge portfolio company, for $200 million. The strategic acquisition expands Parsons customer base across the Department of Defense and Intelligence Community and significantly strengthens Parsons positioning with full-spectrum cyber and electronic warfare, while adding new capabilities in the counterspace radio frequency domain: markets anticipated to grow more than 10% annually with double digit margin expectations.
BlackSignal uses artificial intelligence and machine learning to create innovative signal processing techniques that... More
