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) has been selected by the Minnesota and Wisconsin Departments of Transportation for design oversight and construction oversight on the estimated $1.1–$1.4 billion John A. Blatnik Bridge replacement project linking Duluth, Minnesota and Superior, Wisconsin.
Parsons will support design-build delivery from preliminary engineering through construction, with work beginning in Fall 2026, traffic opening in 2031, and a five-year construction schedule that includes early demolition of the existing 1961 bridge.
Parsons (NYSE: PSN) announced a $184 million ceiling value, single-award, indefinite-delivery/indefinite-quantity (IDIQ) contract to support the Navy’s Intelligence Carry-On Program (ICOP).
The work covers rapid delivery of innovative, portable, ruggedized workstation capabilities aimed at improving battlespace awareness, speed, agility, and readiness for operators at the tactical edge.
Parsons (NYSE: PSN) received a $22 million contract amendment from Los Angeles Metro for multimodal improvements along the I-605 corridor. The amendment extends Parsons’ existing contract by 3.5 years.
Work includes added bike lanes, better sidewalks, enhanced transit access, and managed lanes to improve traffic flow and connectivity.
Parsons (NYSE: PSN) demonstrated integrated, AI-enabled counter-unmanned aircraft system (CUAS) capabilities that connect sensing, command and control, decision support, and kinetic response into a layered, scalable architecture. The system executed the full counter-drone kill chain, from detection to mitigation, in an operational environment.
Parsons’ CUAS portfolio combines kinetic and non-kinetic effects, C5ISR, TAK-X for shared geospatial awareness, and the iNET Smart Mobility Platform for resilient communications. Solutions scale from single-site protection to regional, theater, and homeland defense to protect national security and critical infrastructure.
Parsons (NYSE: PSN) secured an additional $73 million contract supporting the Air Force Research Laboratory’s GARDEM mission, its fourth GARDEM award in 2026.
This brings total GARDEM 2 awards to $218 million, expanding R&D and O&M responsibilities and driving migration to Parsons’ LAMP platform for scalable, cost-efficient mission deployment.
Parsons (NYSE: PSN) is serving as engineer of record and prime design consultant for the I-91/I-691/Route 15 Interchange Improvements Project in Meriden, Connecticut.
The approximately $721 million, three-phase CTDOT program aims to improve mobility, enhance safety, reduce congestion, and strengthen long-term reliability along this key transportation corridor.
Parsons (NYSE: PSN) highlighted its expanding artificial intelligence portfolio that supports growth across Federal Solutions and Critical Infrastructure. The company embeds AI in mission‑critical areas like autonomous cyber, counter‑UAS detection, electronic warfare planning, and its iNET smart mobility platform, which has been deployed more than 40 times globally.
According to Parsons, AI‑enabled solutions are generating revenue, driving margin expansion, and contributing to recent $100M+ contract wins. The firm also showcased advanced ISR, Edge AI, spectrum dominance, and space situational awareness capabilities through its PALADIN Lab and Tech Demo Series.
Parsons (NYSE: PSN) received a new $28 million U.S. Air Force task order under the AFRL GARDEM 2 program. This is one of four GARDEM awards in 2026, bringing total awards to $218 million.
The five-year task covers onsite training, system enhancements, integration, testing, deployments, and lifecycle maintenance to support GARDEM 2 software baselines and accelerate advanced technology deployment for Air Force missions.
Parsons (NYSE: PSN) company SealingTech launched the Zepharis Software Suite, enhancing operator performance and automation at the edge in fully air-gapped environments.
The suite includes Zepharis AI for on-demand, context-aware assistance and Zepharis Kit Deployer, which cuts deployment timelines from days to hours.
Parsons (NYSE: PSN) received a $99 million, single-award task order from the U.S. Air Force Research Laboratory to support GARDEM 2 C2-SpISR software baselines.
The ALLIANT 2 follow-on runs for five years plus two months and extends Parsons’ role developing, integrating, testing, demonstrating, and sustaining command and control and space-based ISR technologies, including C2Core Air, C2Core NetOps, National Tactical Data Manager, and Integrated Solutions to Situational Awareness.