Parsons Corp is a technology-driven engineering and construction firm that specializes in providing services to the defense, security, and infrastructure sectors. The company focuses on delivering innovative solutions to complex challenges, leveraging advanced technologies and data analytics to enhance project outcomes. Parsons’ expertise spans a wide range of capabilities, including cybersecurity, intelligence analysis, and systems engineering, thereby playing a pivotal role in modernizing critical infrastructure and safeguarding national interests. With a commitment to sustainability and community engagement, Parsons aims to create lasting impacts through its projects and solutions, contributing to the safety and resilience of communities worldwide. Read More
CHANTILLY, Va., Dec. 08, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN), the systems integrator for the Office of Space Commerce’s (OSC) Traffic Coordination System for Space (TraCSS) program, is proud to announce that this groundbreaking advancement in space traffic coordination has been recognized with the esteemed 2025 SpaceNews Icon Award for Civil Space Achievement. This prestigious accolade underscores Parsons' commitment to advancing safe and efficient operations in an increasingly congested orbital environment.
CHANTILLY, Va., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the Missouri Highways and Transportation Commission has selected the Emery Sapp & Sons (ESS)-Parsons Team to deliver the Interstate 70 Rocheport to Columbia Design-Build project.
CHANTILLY, Va., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced the company has secured a position on Sound Transit’s 2025 $1 billion ceiling Multiple Award Task Order Contract (MATOC) for design services. This five-year contract, with two potential one-year extensions, will support Sound Transit’s $60 billion capital program—one of the largest transportation infrastructure initiatives in North America.
Shares of infrastructure and defense services provider Parsons (NYSE:PSN) fell 21.9% in the afternoon session after the company lost out on a significant government contract to upgrade the U.S. air traffic control system.
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CHANTILLY, Va., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, chair, president, and chief executive officer will participate in a fireside chat question and answer session at the Raymond James TMT and Consumer Conference on Tuesday, December 9, 2025, at approximately 10:40 a.m. Eastern Time.
Raymond James noted that Peraton's award "will be a major surprise" to Parsons investors, and the development erases "significant" organic upside to 2026 and 2027 estimates.
CHANTILLY, Va., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the Defense Threat Reduction Agency (DTRA) as an awardee for the Cooperative Threat Reduction Integration Contract (CTRIC) IV, a recompete contract that underscores Parsons’ continued leadership in global threat reduction and security. The indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC) has a ceiling value of $3.5 billion and includes a five-year base period with one five-year option period.
CHANTILLY, Va., Nov. 25, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, chair, president, and chief executive officer, and Matt Ofilos, chief financial officer, will participate in a fireside chat question and answer session at the Goldman Sachs Industrials and Materials Conference on Wednesday, December 3, 2025, at approximately 2:10 p.m. Eastern Time.
Parsons Corp exemplifies quality investing with strong financials, high returns on capital, and a focus on critical infrastructure and national security.
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CHANTILLY, Va., Nov. 11, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a position on the $15 billion Pacific Deterrence Initiative Multiple Award Construction Contract (PDI MACC) by the Naval Facilities Engineering Systems Command (NAVFAC). The MACC consists of a 5-year base period with three one-year option periods and is a key component of the Pacific Deterrence Initiative, a U.S. Department of Defense program designed to strengthen deterrence capabilities, enhance regional security, and support the defense infrastructure throughout the Indo-Pacific region.
CHANTILLY, Va., Nov. 10, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded an indefinite delivery indefinite quantity contract to modernize the U.S. Coast Guard’s (USCG) Biometrics at Sea System (BASS 2.0). The BASS platform is a critical tool for maritime law enforcement operations and enables the Coast Guard to collect and analyze biometric data, including fingerprints and facial recognition, to verify identities, recognize threats, and enhance security by connecting to national and international databases. This award has a five-year performance period and represents new work for the company.
Infrastructure and defense services provider Parsons (NYSE:PSN) missed Wall Street’s revenue expectations in Q3 CY2025, with sales falling 10.4% year on year to $1.62 billion. The company’s full-year revenue guidance of $6.45 billion at the midpoint came in 1.9% below analysts’ estimates. Its non-GAAP profit of $0.86 per share was 14.5% above analysts’ consensus estimates.
