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Business/Financial

Parsons Acquires Defense Technology Company CTI For $89 Million

By Cal Biesecker

Tuesday, July 1st, 2025

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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…

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