:

Business/Financial

Parsons Acquires Defense Technology Company CTI For $89 Million

By Cal Biesecker

Tuesday, July 1st, 2025

SHARE:

Parsons Acquires Defense Technology Company CTI For $89 Million

CTI's solutions include data analytics and visualization tools. Image: Parsons

Parsons Corp. [PSN] on Tuesday said it has acquired Chesapeake Technologies International (CTI) in an $89 million deal that strengthens its position with U.S. Special Operations Forces and in the U.S. Indo-Pacific Command operating area. Parsons also said that Maryland-based CTI gives it capabilities in all-domain technology solutions, particularly in the electronic spectrum, that improve warfighters’ ability to sense, evaluate, and deliver effects within the invisible battlespaces.” CTI is expected to have $89 million in sales in 2026. Parsons said…

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]