Welcome to our dedicated page for Parsons news (Ticker: PSN), a resource for investors and traders seeking the latest updates and insights on Parsons stock.
Parsons Corporation provides technology-driven solutions for national security and global infrastructure markets through Federal Solutions and Critical Infrastructure activities. Company news commonly covers U.S. government and defense contract awards, nuclear enterprise mission assurance support, energy resilience and microgrid work, program management, transportation design, and digital infrastructure technologies such as demand response systems and TAK-as-a-Service.
Updates also report quarterly results, backlog, book-to-bill trends, guidance, acquisitions, and project milestones across cyber and electronic warfare, space and missile defense, transportation, water, environment, urban development, and critical infrastructure protection.
Parsons (NYSE: PSN) was selected by the U.S. Space Force as an awardee on the National Space Test and Training Complex (NSTTC) Innovative Technology & Engineering – Space Test and Range (NITE-STAR) Capability Development multiple-award IDIQ contract.
The contract vehicle has a shared ceiling of $981 million across all awardees over two five-year ordering periods and is intended to accelerate development of advanced space test and training capabilities for Space Force Guardians in contested space environments. Parsons will support rapid development, integration, and deployment of innovative space vehicle and ground system technologies, drawing on its experience in space systems, mission engineering, digital technologies, and national security solutions. Parsons’ NITE-STAR team includes Blue Canyon Technologies, Orion Space Solutions, EnduroSat, Turion, and Intuitive Machines.
Parsons (NYSE: PSN) was selected by the Metropolitan Knoxville Airport Authority to provide program and construction management services for the five-year McGhee Tyson Airport Terminal Area Development Plan in Knoxville, Tennessee. The new contract adds a strategic aviation customer and focuses on terminal modernization, passenger growth, and long-term airport development, with Parsons supplying centralized oversight, FAA funding compliance support, and digital program management tools to improve cost, schedule, coordination, and transparency.
Parsons (NYSE: PSN) announced a $70 million ceiling task order under the U.S. Air Force’s Air Base Air Defense (ABAD) contract to support U.S. Air Forces in Europe-Air Forces Africa (USAFE-AFAFRICA).
The four-year order, with three 12‑month option periods, covers integration, testing, deployment, sustainment, maintenance, and operational transition of point defense systems, including capabilities against unmanned aircraft threats. According to Parsons, the award extends its existing ABAD work and reinforces its role providing air and missile defense, systems engineering, mission integration, and rapid capability deployment for U.S. Department of War customers across Europe and Africa.
Parsons (NYSE: PSN) announced it has secured the first task order under the Defense Threat Reduction Agency’s CTRIC IV contract, supporting DTRA’s Global Threat Reduction directorate. The work focuses on designing and delivering chemical security training, exercises, and workshops across Southeast Asia, including Malaysia, Indonesia, and the Philippines, to enhance monitoring, preparedness, detection, and response to chemical threats and support USPACOM priorities.
Parsons (NYSE: PSN) announced a new $40 million cost-plus-fixed-fee Non-Kinetic Effects (NOKE) contract to advance next-generation electromagnetic warfare (EW) capabilities for U.S. Army national security missions. The award covers one base year plus four-and-a-half option years and is new work for the company.
Under the contract, Parsons will deliver EW solutions to counter and disrupt adversary systems in contested, all-domain environments, supporting U.S. and allied forces’ operational advantage. The company highlights its spectrum dominance portfolio, including RF spectrum exploitation, cyber-electromagnetic operations, signal processing, AI-enabled analytics, and software-defined solutions, aligned with Joint All-Domain Command and Control (JADC2) and future force modernization.
Parsons (NYSE: PSN) has been selected by the South Carolina Department of Transportation, as part of the Ames Construction design-build team, to serve as lead designer for the Interstate 526 Long Point Road Interchange Improvements project in the Charleston region.
The total design-build contract is approximately $227 million, with Parsons’ design services representing about 10%. The project will modernize one of the area’s busiest corridors to improve safety, reduce congestion, and enhance freight and resident mobility, including better connectivity to the Wando Welch Terminal.
Parsons (NYSE: PSN) reported Q2 2026 revenue of $1.6 billion, down 1% year-over-year and 5% organically, with a 1.2x book-to-bill and total backlog rising to $9.3 billion (funded: $6.6 billion). Federal Solutions bookings grew 51% and Middle East organic revenue rose 10% with a 1.1x book-to-bill.
Net income was ($15 million), down $70 million, driven by $118 million of portfolio-shaping and joint-venture charges. Adjusted EBITDA fell 72% to $42 million, but excluding these charges was $161 million, up 8% with a 10.1% margin. Parsons also secured multiple large defense, infrastructure, and space contracts and lowered 2026 guidance for revenue, adjusted EBITDA, and operating cash flow.
Parsons (NYSE: PSN) highlighted the opening of the Gordie Howe International Bridge, a 2,800-foot cable-stayed main span linking Detroit, Michigan and Windsor, Ontario, over the Detroit River. Parsons served as owner’s engineer on the $4.7 billion (C$6.4 billion) project.
The bridge adds redundancy to North America’s busiest Canada–U.S. trade corridor, with two ports of entry, direct freeway connections including a full I-75 interchange, customs and toll plazas, pedestrian and cyclist access, and an expected service life greater than 100 years.
Parsons (NYSE: PSN) highlighted an expanded portfolio of mission-focused, AI-enabled products spanning defense, intelligence, and critical infrastructure. The company emphasized its “One Parsons” approach, using shared expertise to develop scalable technologies that enhance decision-making, resilience, and mission assurance across cyber, space, identity, CUAS, and transportation markets.
Key offerings include Cyber Fly-Away Kits, TReX®, Peanut™, DroneArmor™, AresNXT™, Javelin®, BlueFly®, TAKaaS, GOCaaS™, OrbitXchange™, and the globally deployed iNET® transportation platform. According to Parsons, many products originated from specific customer missions and are now adapted and commercialized across government, commercial, and infrastructure environments worldwide.
Parsons (NYSE: PSN) details how its integrated industrial base modernization and advanced manufacturing offerings support national security and infrastructure resilience. The company combines planning, engineering, construction management, advanced manufacturing, cybersecurity, and environmental services across its Federal Solutions and Critical Infrastructure segments to deliver complete industrial ecosystems.
Parsons highlights work across the U.S. defense industrial base, including a $169.5 million design-build contract for an Ammonium Nitrate Solution Tank Farm at Holston Army Ammunition Plant and its role in the Blue Grass Chemical Weapons Stockpile Destruction Project. Internationally, it supports large industrial zones, data centers, semiconductor-related infrastructure, energy and microgrid projects, and nuclear-related energy solutions in North America, the Middle East, and Canada, aiming to strengthen supply chains and mission readiness.