Parsons Stock Price, News & Analysis

Parsons Corporation (NYSE: PSN) has secured an $81 million Task Order from the U.S. Army Combat Capabilities Development Command's (DEVCOM) C5ISR under the RS3 contract vehicle. The recompete contract includes a 12-month base period with four 12-month option periods.

The contract focuses on delivering critical radar engineering solutions, with Parsons enhancing Army aerial and ground radar capabilities through advanced radio frequency technologies, AI integration, and systems engineering services. The scope includes operational support, program management, engineering, integration, prototype development, and fabrication, particularly addressing emerging hypersonic threats and battlefield communications needs.

Parsons Corporation (NYSE: PSN) has successfully launched New Jersey Department of Transportation's (NJDOT) first integrated Statewide Advanced Traffic Management System powered by their iNET® smart mobility solution. The system, implemented in partnership with HNTB Corporation, represents a significant upgrade from NJDOT's previous reliance on various legacy software packages.

The new ATMS provides comprehensive features including ITS device control, automated incident detection and management, and integrated response plans. The project's excellence was recognized with the 2025 Excellence in Engineering Award at the New Jersey Alliance for Action's Distinguished Engineering Awards.

Parsons Corporation (NYSE: PSN) subsidiary SealingTech has launched Operator X, the industry's first AI Hunt Kit Assistant designed specifically for defensive cyber operations at the Edge. This innovative platform integrates with SealingTech's Cyber-Fly-Away Kits and cyber hunt programs, enabling offline deployment in tactical environments.

Operator X serves as a command center that unifies cyber tools, featuring natural language querying for Splunk and Elastic, threat intelligence correlation, and automated task management. The platform operates completely offline from a single Kit laptop, supporting key network and security tools including Splunk®, Elastic, Security Onion, and VMware®.

Parsons Corporation (NYSE: PSN) has secured a $30 million recompete contract from the U.S. Army DEVCOM's C5ISR Center. The contract includes a 12-month base period with four 12-month option periods for radar development engineering.

Under this contract, Parsons will provide comprehensive support including program management, systems engineering, modeling and simulation, development, testing, integration, analysis, and prototype development. The company will focus on research, development, test, and evaluation (RDT&E) of technologies for ground-based and airborne radar systems.

The company's C5ISR capabilities encompass advanced sensors, non-kinetic warfare, missile defense, command and control systems, and Air Base Air Defense (ABAD) solutions, with ongoing integration work at Ramstein Air Base.

Parsons Corporation (NYSE: PSN) reported mixed Q2 2025 financial results. Revenue decreased 5% year-over-year to $1.6 billion, though core business grew 13% excluding a confidential contract. Net income fell 20% to $55 million, with adjusted EBITDA margin expanding 40 basis points to 9.4%.

The Federal Solutions segment saw revenue decline 19% to $805 million, while Critical Infrastructure revenue grew 14% to $779 million. The company maintained a book-to-bill ratio of 1.0x with total backlog of $8.9 billion. Notable wins include three contracts over $100 million each.

Parsons raised its FY2025 guidance, projecting revenue of $6.48-6.68 billion and adjusted EBITDA of $595-635 million. The company also completed the acquisition of Chesapeake Technologies International for $89 million.

Globalstar (NASDAQ: GSAT) and Parsons Corporation (NYSE: PSN) have successfully completed a proof of concept integrating Globalstar's Low Earth Orbit (LEO) satellite capabilities with Parsons' software-defined communication technologies. The testing, conducted across three European ground stations, validated the system's performance and operational readiness.

The joint solution leverages Globalstar's LEO satellite constellation to provide fast, reliable global communications, particularly in areas with compromised infrastructure. This successful demonstration follows earlier prototype testing in the continental U.S. and marks a significant advancement toward commercial availability of the integrated solution.

Parsons Corporation (NYSE: PSN) and its joint venture partner Versar have secured a $75 million contract from the U.S. Army Corps of Engineers (USACE) Middle East District for construction phase support services. The contract includes a three-year base period with a two-year option extension.

As the managing partner of the JV, Parsons will continue providing construction management services supporting USACE's presence in the Central Command Area, serving both Foreign Military Sales and Military Construction Programs. The Parsons-Versar JV has already completed over 60 task orders for USACE Middle East District over the past 12 years, marking this as their third CPSS contract iteration.

Parsons Corporation (NYSE:PSN) has unveiled BlueFly™, an innovative search and rescue sensor technology designed to enhance emergency response operations. Developed by QRC®, a Parsons Company, BlueFly™ utilizes Bluetooth low-energy detection to locate missing individuals through their wearable electronic devices.

The drone-agnostic platform weighs less than a pound and offers a detection range of up to 200 meters. BlueFly™ can detect signals from various devices including smartwatches, wireless earbuds, fitness trackers, and medical monitoring devices, providing real-time situational awareness to first responders and command centers.

Parsons Corporation (NYSE: PSN) has received the prestigious Diamond Award from the American Council of Engineering Companies (ACEC) of New York for its role as prime design consultant on the $300 million Brooklyn Bridge Rehabilitation Project. The project, which focused on restoring and modernizing the bridge's towers and approaches, represents the highest recognition from ACEC NY.

The rehabilitation project successfully preserved the historic character of the 1883 landmark while enhancing its structural integrity and safety. This marks the first time in over 16 years that a New York City Department of Transportation project has advanced to ACEC's national Engineering Excellence Awards.