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 (NYSE: PSN) is a technology-driven company active in national security and global infrastructure markets, and its news flow reflects that focus. Public announcements highlight work across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection, giving investors and observers insight into how Parsons executes its strategy.
News about Parsons often centers on federal and defense contracts, including awards and positions on large U.S. Department of War, U.S. Air Force, and Missile Defense Agency programs. Releases describe task orders and multiple award contracts that cover design, engineering, and construction management for facilities and infrastructure that support mission readiness, as well as efforts to expand munitions production capacity and strengthen the Defense Industrial Base.
The company also issues updates on space and intelligence-related activities, such as contracts supporting space demonstration missions, satellite operations, and ground control services. Parsons’ acquisition of Altamira Technologies Corporation, which brings signals intelligence, cyber, missile warning, and space capabilities, is an example of transaction-related news that expands its defense and intelligence portfolio.
On the infrastructure side, Parsons’ news includes awards for urban development and transportation projects, such as design roles on advanced rapid transit lines and large mixed-use developments. These announcements illustrate its involvement in global infrastructure and urban development programs.
Visitors to this PSN news page can review company press releases and other coverage to track material events, contract wins, acquisitions, leadership changes, and guidance-related announcements that Parsons discloses to the market.
Parsons (NYSE: PSN) announced that the Defense Threat Reduction Agency exercised Option Year 3 of the AEMSS IDIQ Vulnerability Assessments task order, a $34 million award with a one-year performance period effective May 2026.
The contract continues Parsons’ support for DTRA’s Nuclear Enterprise Mission Assurance department through vulnerability assessments, technical and design review work, operational support, and strategic mission analyses. DTRA has now exercised three of four option years on the $170 million ceiling IDIQ.
Parsons (NYSE: PSN) was awarded a position on a $2 billion multiple award task order contract (MATOC) by the U.S. Army Corps of Engineers to deliver energy resilience and infrastructure modernization projects under the Department of War Energy Resilience and Conservation Investment Program (ERCIP).
The MATOC has a three-year base performance period plus seven one-year options. Parsons will compete for task orders to provide design-build services, expanding its energy resilience portfolio alongside recent LADWP and prior USACE microgrid work.
EVERYWHERE Communications announced a partnership with Parsons (PSN) on May 4, 2026 to develop resilient, beyond-line-of-sight autonomous drone capabilities under an SBIR initiative. The collaboration integrates an Iridium satellite-based data transport layer and Parsons' TAK-as-a-Service to enable autonomous mission execution, scalable swarm coordination, low-bandwidth burst communications, and reliable sensor data exfiltration for tactical and federal operations.
Parsons (NYSE: PSN) was awarded a 9-month contract by The Boring Company to serve as delegated program manager for the Dubai Loop pilot phase. Parsons will provide integrated services including Independent Design Verification, stakeholder management, permitting/NOC support, and multidisciplinary design reviews across civil, structural, mechanical, electrical, safety, and utilities.
The work supports design-build activities for the multi-phased Dubai Loop passenger tunnel project in partnership with Dubai RTA and represents new work for Parsons in the program.
Parsons (NYSE: PSN) reported Q1 2026 revenue of $1.5 billion (down 4% YoY; down 8% organic). Net income was $53 million (down 20% YoY). Adjusted EBITDA rose 1% to a record $151 million with margin expanding to 10.1%. Total backlog hit a record $9.3 billion with funded backlog $6.6 billion. Book-to-bill was 1.4x. The company reiterated FY2026 guidance: revenue $6.5–6.8 billion and adjusted EBITDA $615–675 million.
Parsons (NYSE: PSN) marked the groundbreaking of the State Route 400 (SR 400) Express Lanes Project on April 22, 2026. Parsons is the lead designer on the SR 400 Peach Partners team for the approximately $4.6 billion, 16-mile express lanes corridor from North Springs MARTA to McFarland Parkway.
The project is described as Georgia’s largest transportation infrastructure program and the largest U.S. transportation P3, intended to improve mobility, travel reliability, and enable future transit enhancements.
Parsons (NYSE: PSN) was selected by the Los Angeles Department of Water & Power on April 20, 2026 to deliver a Demand Response Management System (DRMS), integration, and services under a five-year contract.
The DRMS aims to expand LADWP’s demand response capacity by more than fourfold and support the utility’s goal of 100% clean electricity by 2035 or sooner, with out-of-the-box interoperability across MDM, customer care, billing, SCADA and ADMS.
Parsons (NYSE: PSN) and GSI Americas were awarded a $25 million U.S. Coast Guard contract for program management services on April 15, 2026.
The work includes a one-year base period and four one-year option periods to support the Coast Guard’s Force Design 2028 Execution Plan, tied to a $24.5 billion recapitalization effort.
Parsons (NYSE: PSN) was selected by the New York City Department of Environmental Protection to provide construction management services for the Newtown Creek Combined Sewer Overflow Storage Tunnel project.
The 16-year program includes approximately 3.25 miles of tunnel, a tunnel dewatering pump station, and related facilities across Brooklyn and Queens. Parsons will join Newtown Creek CSO Partners with AECOM and EPC Consultants and will use the DEP’s CMIS to support delivery.
Parsons (NYSE: PSN) was selected to lead design of the $409 million Roosevelt Bridge Replacement over Lake Texoma in Bryan and Marshall Counties, Oklahoma. The two‑mile, 63‑span project will be built in two phases with substructure elements reaching approximately 150 feet below the lake surface.
ODOT selected a Zachry/Traylor joint venture to deliver the bridge; the project received a $124 million federal grant in 2024 and combines federal and state funding to replace the 1945 structure.