Parsons Corporation To Acquire Herndon-Based BlackHorse Solutions

Centreville, Virginia-based defense, engineering, and IT security contractor Parsons Corporation will acquire Herndon-based BlackHorse Solutions for $203 million. Parsons, one of the oldest defense and engineering contractors, will expand its next-generation military, intelligence, and space operations with the BlackHorse acquisition, and bring its nearly 200 employees, most with high-level security clearances, onboard. According to wtop.com, "BlackHorse’s technology focuses on converged military operations unifying cyber, electromagnetic warfare and information operations for both the Department of Defense and Intelligence community. It also develops autonomous and distributed detection, identification, and exploitation technology. Parsons was founded in 1944 and relocated its headquarters from Pasadena, California to Centreville in 2019." As per wtop.com, "It has grown its D.C.-area presence over the past several years through several acquisitions. Last year, it paid $300 million to acquire Colorado Springs, Colorado-based Braxton Science & Technology Group. It ranked as one of the largest acquisitions by a D.C.-area company in 2020. Parsons has about 2,000 D.C.-area employees and almost 16,000 worldwide. It had $3.9 billion in revenue last year."

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