Parsons Stock Price, News & Analysis

Parsons (NYSE: PSN) received multiple 2025 recognitions for veteran hiring and support, including the 2025 DOL HIRE Vets Gold Medallion, Military Times Best for Vets (2nd in Virginia, 2nd in Defense & Aerospace, 16th overall), 2026 GI Jobs Military Friendly Employer Gold/Top 10 (9th nationally in $5B+), VET Indexes 5 Star Employer, NVSBC Champion, and nominations via ESGR.

The release highlights Parsons’ MILVET program, commitment to veteran hiring, transition support, and continued focus on delivering defense-related solutions. Application info: jobs.parsons.com/transitioning-military.

Parsons (NYSE: PSN) was selected by VIA Metropolitan Transit to complete final design of the Advanced Rapid Transit (ART) VIA Rapid Silver Line in San Antonio on Dec. 23, 2025. The Silver Line is a 7.3-mile corridor with an estimated project cost of $322 million and will include 18 new or modified stations to improve frequency, reliability, and connectivity across the VIA system.

The ART design will use dedicated bus lanes, transit-priority signals, and off-board fare collection to enable faster boarding and travel. Parsons noted it has supported VIA for more than 25 years and is also delivering final design work on the ART Green Line, which will intersect the Silver Line downtown.

Parsons (NYSE: PSN) announced on Dec 22, 2025 that it was awarded a position on the Missile Defense Agency (MDA) SHIELD indefinite-delivery/indefinite-quantity (IDIQ) contract with a ceiling of $151 billion. The IDIQ covers a broad range of work areas to support rapid delivery of innovative capabilities to the warfighter with increased speed and agility. The announcement highlights Parsons' national security and infrastructure capabilities across cyber, electronic warfare, space and missile defense, transportation and critical infrastructure protection.

Parsons (NYSE: PSN) was awarded a $30 million contract and a novation to the U.S. Space Development Agency (SDA) on Dec. 22, 2025 to expand a prior $11 million DARPA Blackjack award from 2021. Parsons will consolidate OEM spacecraft support and deliver Blackjack mission operations from its Parsons Space Operations Center using the OrbitXChange platform and the Ground Operations Center as-a-Service solution. The scope includes mission planning, advanced experimentation, operational planning services, and connectivity to commercial ground station providers to enable global coverage and enhanced satellite operations.

Parsons (NYSE: PSN) was awarded a task order exceeding $100 million by Nammo to provide design and program and construction management (PM/CM) for a new rocket motor manufacturing facility in Perry, Florida.

The contract supports the Department of War’s Acquisition Transformation Strategy, comprises a two-year construction period, and represents new work for Parsons. Parsons and Nammo broke ground on the project in October, and Parsons was ranked a top program management and construction management firm by Engineering News-Record in 2025.

Parsons (NYSE:PSN) named John Martinez as its next chief legal officer, effective February 16, 2026. Martinez brings more than 25 years of legal and executive experience across public and private sectors, including prior roles as chief legal officer at Maximus, vice president and general counsel at GE Aerospace, and senior legal roles at Raytheon subsidiaries. He previously served in senior roles in the U.S. Intelligence Community and began as an assistant district attorney.

Current CLO Mike Kolloway notified the company of his intent to retire in Q2 2026 and will remain as an advisor to support a seamless transition; Kolloway has been with Parsons since 2016 and led the company through its IPO and 16 consecutive years on Ethisphere’s World’s Most Ethical Companies list.

Parsons (NYSE: PSN) was awarded a seat on the U.S. Air Force Comprehensive Construction & Engineering MATOC with a $15 billion ceiling, managed by the Air Force Civil Engineering Center. The contract features an initial five-year ordering period plus five one-year options and covers global work to support design, construction management, maintenance, renovation, and restoration of Air Force and Department of War facilities.

Scope includes administrative facilities, airfields, utilities, runways, power systems, water treatment, and communications systems. The award positions Parsons to compete for task orders and complements a separate $1.5 billion AFCEC environmental services award announced in April 2025.

Sealing Technologies (NYSE: PSN) announced a contract modification on Dec. 17, 2025 from the Department of War's Defense Innovation Unit for continued accreditation, training, testing, and additional procurement of its Joint Cyber Hunt Kit (JCHK) prototype.

The work supports U.S. Cyber Command and the U.K. Joint Defensive Cyber Unit, and follows SealingTech's decade-plus support to U.S. defense customers, including deployment of more than 500 Cyber Fly-Away Kits to defense and intelligence missions.

The modification emphasizes continuing operational testing, interoperability training, and additional equipment procurement for fielded defensive cyber capabilities.

Parsons (NYSE: PSN) was awarded an $88 million single-award Task Order over three years to support the U.S. Air Forces in Europe - Air Forces Africa Air Base Air Defense (ABAD) mission at Ramstein Air Base, Germany.

This award increases Parsons' total value under the ABAD contract to $192 million in 2025. The work includes equipment procurement and configuration, systems integration, operator training, technical support, and maintenance to sustain mission readiness and long-term system reliability.

Parsons previously won a 10-year IDIQ single-award contract valued at $953 million in 2021, underscoring its role in national security operations.