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Parsons Completes Acquisition of BlackSignal Technologies

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Parsons (NYSE:PSN) has completed the acquisition of BlackSignal Technologies, for $200 million. This strategic move enhances Parsons' capabilities in cybersecurity, electronic warfare, and artificial intelligence. BlackSignal specializes in using AI and machine learning for innovative signal processing techniques to detect and disrupt command and control systems.

The acquisition expands Parsons' customer base in the Department of Defense and Intelligence Community, strengthening its position in full-spectrum cyber and electronic warfare. It also adds new capabilities in the counterspace radio frequency domain, markets expected to grow over 10% annually with double-digit margin expectations. BlackSignal will be integrated into Parsons' Defense & Intelligence business unit.

Parsons (NYSE:PSN) ha completato l'acquisizione di BlackSignal Technologies per 200 milioni di dollari. Questa mossa strategica potenzia le capacità di Parsons in cybersicurezza, guerra elettronica e intelligenza artificiale. BlackSignal è specializzata nell'utilizzo dell'IA e dell'apprendimento automatico per tecniche innovative di elaborazione del segnale, utili a rilevare e interrompere i sistemi di comando e controllo.

L'acquisizione espande la base clienti di Parsons nel Dipartimento della Difesa e nella Comunità dell'Intelligence, rafforzando la sua posizione nella guerra elettronica e nella cybersicurezza a tutto campo. Aggiunge anche nuove capacità nel dominio della radiofrequenza controspaziale, mercati che ci si aspetta crescano oltre il 10% annuo con aspettative di margini a doppia cifra. BlackSignal sarà integrata nell'unità aziendale Difesa e Intelligence di Parsons.

Parsons (NYSE:PSN) ha completado la adquisición de BlackSignal Technologies por 200 millones de dólares. Este movimiento estratégico mejora las capacidades de Parsons en ciberseguridad, guerra electrónica e inteligencia artificial. BlackSignal se especializa en el uso de IA y aprendizaje automático para técnicas innovadoras de procesamiento de señales que detectan e interrumpen los sistemas de mando y control.

La adquisición amplía la base de clientes de Parsons en el Departamento de Defensa y la Comunidad de Inteligencia, fortaleciendo su posición en la guerra electrónica y ciberseguridad de espectro completo. También agrega nuevas capacidades en el dominio de radiofrecuencia contrapesada, mercados que se espera crezcan más del 10% anualmente con expectativas de márgenes de doble dígito. BlackSignal se integrará en la unidad de negocio de Defensa e Inteligencia de Parsons.

Parsons (NYSE:PSN)은 블랙시그널 테크놀로지스를 2억 달러에 인수했습니다. 이 전략적 움직임은 사이버 보안, 전자전, 인공지능 분야에서 파슨스의 역량을 강화합니다. 블랙시그널은 AI와 머신러닝을 활용하여 명령 및 제어 시스템을 탐지하고 방해하기 위한 혁신적인 신호 처리 기술을 전문으로 합니다.

이번 인수는 파슨스의 국방부 및 정보 커뮤니티 내 고객 기반을 확대하며, 전체 스펙트럼 사이버 및 전자전에서의 입지를 강화합니다. 또한, 반우주 주파수 영역에서의 새로운 능력을 추가하며, 이 시장은 매년 10% 이상 성장하고 2자릿수 마진을 기대하고 있습니다. 블랙시그널은 파슨스의 국방 및 정보 사업부에 통합될 것입니다.

Parsons (NYSE:PSN) a finalisé l'acquisition de BlackSignal Technologies pour 200 millions de dollars. Ce mouvement stratégique renforce les capacités de Parsons dans la cybersécurité, la guerre électronique et l'intelligence artificielle. BlackSignal se spécialise dans l'utilisation de l'IA et de l'apprentissage automatique pour des techniques innovantes de traitement du signal afin de détecter et perturber les systèmes de commandement et de contrôle.

Cette acquisition élargit la base de clients de Parsons au sein du Ministère de la Défense et de la Communauté du renseignement, consolidant sa position dans la guerre électronique et cybersécurité à spectre complet. Elle ajoute également de nouvelles capacités dans le domaine des fréquences radio contre-espaces, des marchés qui devraient connaître une croissance de plus de 10 % par an avec des attentes de marges à deux chiffres. BlackSignal sera intégré dans l'unité d'affaires Défense et Intelligence de Parsons.

Parsons (NYSE:PSN) hat die Übernahme von BlackSignal Technologies für 200 Millionen Dollar abgeschlossen. Dieser strategische Schritt verbessert die Fähigkeiten von Parsons in Cybersicherheit, elektronischer Kriegsführung und künstlicher Intelligenz. BlackSignal ist auf die Anwendung von KI und maschinellem Lernen für innovative Signalverarbeitungstechniken spezialisiert, um Kommando- und Kontrollsysteme zu erkennen und zu stören.

Durch die Übernahme erweitert Parsons seine Kundenbasis im Verteidigungsministerium und der Intelligence Community, was die Position im gesamten Spektrum der Cyber- und elektronischen Kriegsführung stärkt. Zudem werden neue Fähigkeiten im Bereich der Gegenraum-Funkfrequenz hinzugefügt, Märkte, die voraussichtlich jährlich um über 10% wachsen werden und Erwartungen an zweistellige Gewinnmargen bestehen. BlackSignal wird in die Geschäftseinheit Verteidigung & Intelligence von Parsons integriert.

Positive
  • Acquisition expands customer base across Department of Defense and Intelligence Community
  • Strengthens positioning in full-spectrum cyber and electronic warfare
  • Adds capabilities in counterspace radio frequency domain, expected to grow >10% annually
  • BlackSignal's revenue growth >10% with double-digit adjusted EBITDA margins
  • Enhances Parsons' AI, machine learning, and signal processing capabilities
Negative
  • Significant cash outlay of $200 million for the acquisition

Insights

The $200 million acquisition of BlackSignal Technologies by Parsons (NYSE:PSN) is a strategic move that could significantly impact Parsons' market position. With BlackSignal's expertise in cybersecurity, electronic warfare and AI, Parsons is poised to expand its footprint in high-growth markets expected to see 10%+ annual growth with double-digit margins. This acquisition aligns with Parsons' strategy of targeting high-growth companies, potentially boosting its revenue and profitability. The integration into Parsons' Defense & Intelligence unit could lead to synergies and enhanced offerings, particularly in addressing near-peer threats for the DoD and Intelligence Community. Investors should monitor how quickly Parsons can leverage BlackSignal's capabilities to win new contracts and expand its market share in these lucrative sectors.

BlackSignal's innovative use of AI and machine learning for signal processing is a game-changer in the cybersecurity and electronic warfare domains. Their ability to detect and disrupt hard-to-access command and control systems gives Parsons a significant technological edge. The acquisition brings cutting-edge capabilities in counterspace radio frequency, a critical area as space becomes an increasingly contested domain. BlackSignal's full-spectrum cyber solutions and space-based, AI-enhanced signal processing could potentially revolutionize Parsons' offerings. This technological boost could lead to increased competitiveness in bidding for high-value defense and intelligence contracts, potentially driving long-term growth for Parsons in the rapidly evolving national security technology landscape.

This acquisition positions Parsons strategically in the burgeoning cybersecurity and electronic warfare markets. The anticipated 10%+ annual growth in these sectors, coupled with double-digit margin expectations, presents a lucrative opportunity for Parsons to boost its financial performance. BlackSignal's established presence in the Department of Defense and Intelligence Community opens new doors for Parsons, potentially leading to an expanded contract pipeline. The focus on addressing near-peer threats aligns well with current geopolitical trends and defense priorities, which could translate to sustained demand for these advanced capabilities. Investors should watch for Parsons' ability to cross-sell its expanded portfolio to existing clients and its success in penetrating new market segments with BlackSignal's innovative technologies.

Acquisition enhances Parsons’ cybersecurity, electronic warfare, and artificial intelligence capabilities

CHANTILLY, Va., Aug. 16, 2024 (GLOBE NEWSWIRE) -- 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/.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

Forward-Looking Statements

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Media Contact:
Bryce McDevitt
+1.703.851.4425
Bryce.McDevitt@parsons.com

Investor Relations Contact:
Dave Spille
+ 1.571.655.8264
Dave.Spille@parsons.us  


FAQ

What company did Parsons (PSN) acquire?

Parsons (NYSE:PSN) acquired BlackSignal Technologies, for $200 million.

How does the BlackSignal acquisition benefit Parsons (PSN)?

The acquisition enhances Parsons' cybersecurity, electronic warfare, and artificial intelligence capabilities, expands its customer base in the Defense and Intelligence sectors, and adds new capabilities in the counterspace radio frequency domain.

What is the expected growth rate of the markets BlackSignal operates in?

The markets BlackSignal operates in, including counterspace radio frequency domain, are anticipated to grow more than 10% annually with double-digit margin expectations.

Which business unit of Parsons (PSN) will integrate BlackSignal?

BlackSignal will be integrated into Parsons' Defense & Intelligence business unit.

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