Parsons (NYSE: PSN) Completes Acquisition of BlackSignal Technologies

Parsons Corporation (NYSE: PSN) announced today that it completed the previously announced acquisition of BlackSignal Technologies, LLC, a Razor’s 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 detect and disrupt difficult-to-access command and control systems and platforms.

Headquartered in Chantilly, Va., BlackSignal’s culture of innovation and disruption delivers differentiated solutions to address national security challenges related to near-peer threats for the Defense Department and Intelligence Community. The company’s space, cyber, electronic warfare, and digital signal processing capabilities include full-spectrum cyber solutions and tool development; space-based, artificial intelligence-enhanced signal processing; and tactical communication and intelligence systems.

The transaction is consistent with Parsons’ strategy of acquiring high-growth companies with greater than 10% revenue growth and adjusted EBITDA margins. BlackSignal will be integrated into Parsons’ Defense & Intelligence business unit.

To learn more about Parsons’ national security and defense capabilities, please visit https://www.parsons.com/national-security/.