Parsons Stock Price, News & Analysis

Parsons (NYSE: PSN) was awarded two contracts with a combined value of over $100M to provide program management and design engineering for two Middle East government customers.

The work includes design review, project and construction management for regional national security infrastructure and border security facilities, and represents new work as Parsons expands defense and security capabilities aligned with its transportation and urban development presence in the region.

Company credentials cited include ENR #1 program management ranking and placement in DefenseNews Top 100 defense companies for 2025.

Parsons (NYSE: PSN) was awarded a $56 million (SAR 210 million) contract to design and provide construction supervision for Diriyah Phase 2: Public Realm in Saudi Arabia.

The 5-year contract, signed in the first half of 2025 with Diriyah Company (a PIF-owned entity), covers parks, open spaces, civic buildings and over 55 km of streetscape to support a mixed-use, walkable destination linked to a $63.2 billion Diriyah development targeting ~100,000 residents and nearly 50 million visits a year at scale. Parsons noted its 65+ year presence in the Kingdom and currently has more than 50 active projects in Saudi Arabia.

Parsons (NYSE: PSN) was awarded a seat on the Worldwide Expeditionary Multiple Award Contract (WEXMAC) TITUS 2.1 by U.S. Naval Supply Systems Command, a $10 billion ceiling Indefinite Delivery Indefinite Quantity (IDIQ) contract. The contract includes a five-year base period plus a five-year option period and covers integration and logistics support for theater opening, sustainment, distribution, stability operations, and civil support, including Defense Support of Civil Authorities. Parsons will compete for task orders to support U.S. Navy operational requirements worldwide.

Parsons (NYSE:PSN) announced on October 3, 2025 that it was named one of Glassdoor’s Best-Led Companies. Parsons ranked #27 on the 2025 list and is the only company from its national security and critical infrastructure peer group included among the 50 honorees. The recognition is based on employee reviews and ratings from the prior year and highlights Parsons’ leadership, people-first culture, and investments in learning and development.

Glassdoor noted Parsons’ leadership as “inviting, learning-led, and balanced,” citing company-wide LinkedIn Learning licenses, live professional development, cohort-based leadership programs, expanded flex work options, leave improvements, and enhanced benefits.

Parsons (NYSE: PSN) will report third quarter 2025 financial results before market open on Wednesday, November 5, 2025.

The company will host an earnings conference call at 8:00 a.m. ET the same day and provide a live webcast via the Investor Relations site: https://investors.parsons.com. Telephone participants must register through the IR site. A replay will be available on the company's website about two hours after the call and will remain accessible for one year.

Parsons Corporation (NYSE: PSN) has acquired Applied Sciences Consulting, a Tampa-based engineering firm specializing in water and stormwater solutions. The all-cash transaction strengthens Parsons' water capabilities across Florida and aligns with their strategy of completing accretive acquisitions with revenue growth and adjusted EBITDA margins of at least 10%.

Applied Sciences, founded in 2005, will be integrated into Parsons' North America Infrastructure business unit. The acquisition positions Parsons to capitalize on Florida's significant water infrastructure investments and federal program backing, enhancing their ability to deliver innovative resilience solutions while expanding capabilities to global clients.

Parsons Corporation (NYSE: PSN) and its joint venture partners have secured a $665 million contract extension for the Hudson Tunnel Project (HTP), extending their role for 4.5 years. The transformational infrastructure project is progressing on schedule, with the new Gateway Tunnel expected to complete in 2035 and existing tunnel rehabilitation by 2038.

The project is projected to create over 95,000 jobs nationwide and generate more than $19 billion in economic activity. The scope includes constructing a new two-tube rail tunnel under the Hudson River, rehabilitating the existing 115-year-old tunnel, and adding nine miles of new passenger rail track between New York and New Jersey.

Parsons Corporation (NYSE: PSN) has secured a $13 million task order from the National Nuclear Security Administration (NNSA) for counter-nuclear smuggling systems deployment in the Indo-Pacific region. The contract includes a one-year base period with six one-year options.

This marks Parsons' fifth task order under the NNSA Office of Nuclear Smuggling Detection and Deterrence's CNSSD MATOC program. The company will provide comprehensive services across 18 countries, including project management, engineering, system design, and logistics support.

The award builds upon Parsons' previous selection as one of two contractors for the $1 billion ceiling value CNSSD MATOC in March 2024, reinforcing their role in advancing U.S. nonproliferation and nuclear security initiatives in the Indo-Pacific region.

Parsons Corporation (NYSE: PSN) has opened a new 27,000-square-foot facility at Redstone Gateway near Redstone Arsenal's Gate 9 in Huntsville. The facility features 21,000 square feet of high-bay space for advanced programs, with additional space for offices, collaboration areas, and secure environments.

The strategic location strengthens Parsons' position in defense, space, and missile systems, enabling closer collaboration with government, industry, and academic partners. The facility will support national security priorities, including the Golden Dome program, while enhancing the company's ability to deliver rapid development, testing, and deployment cycles.