Parsons acquires CTI for $89M

Chantilly defense contractor Parsons announced Tuesday that it has acquired Maryland-based Chesapeake Technology International for $89 million.

Founded in 2000, CTI is a portfolio company of Bluestone Investment Partners, focusing on the development of advanced, warfighter-focused solutions for military and security applications. CTI says its products enable warfighters to sense, evaluate and deliver effects within “invisible battle spaces” such as cyberspace and the electromagnetic spectrum. Parsons says these capabilities are critical for modern warfare and align with President Donald Trump’s administration’s spending priorities.

CTI has expertise in the electromagnetic spectrum, cyberspace, autonomous systems and specialized communications.

Parsons says the acquisition will allow it to expand its offerings and enhance its position in the Indo-Pacific Command area of operations. Through the acquisition, CTI’s more than 225 employees will be aligned to Parsons’ defense and intelligence business unit.

“Acquiring CTI is a logical addition to our growth strategy, enhancing our mission-ready solutions for the Department of Defense,” Parsons Chair, President and CEO Carey Smith said in a statement. “CTI’s spectrum dominance solutions strengthen our portfolio and position us to capture a larger share of the full-spectrum operations market, which is poised for increased government funding due to evolving near-peer threats.”

Parsons expects CTI to generate about $89 million in revenue next year.

Founded in 1944, Parsons provides technology solutions in the defense, intelligence and critical infrastructure markets. It posted $6.8 billion in 2024 revenue and has more than 19,000 employees worldwide.