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 Corporation (PSN) reported record Q1 2025 results with revenue reaching $1.6 billion, a 1% year-over-year increase. The company achieved notable milestones including:
- Record Q1 net income of $66 million, up $26 million year-over-year
- Earnings per share increased 61% to $0.60
- Adjusted EBITDA grew 5% to $149 million
- Total backlog reached all-time high of $9.1 billion
The Critical Infrastructure segment showed strong performance with 14% revenue growth and a 51% increase in adjusted EBITDA. Federal Solutions segment, excluding a confidential contract, grew 8%. The company won four contracts worth over $100 million each and maintained a book-to-bill ratio of 1.1x. Parsons reaffirmed its 2025 guidance with revenue projected between $7.0-7.5 billion and adjusted EBITDA of $640-710 million.
Parsons (NYSE: PSN) has secured a 25-month Project Management Office (PMO) services contract from the King Salman Park Foundation. The project involves managing a massive urban transformation initiative in Riyadh, featuring 11.6 sq km of green space and 10 sq km of built-up area.
The scope includes overseeing design, procurement, construction, and smart city initiatives implementation. The park will include the Royal Arts Complex and a 7.2 km pedestrian walkway called The Loop. Located on the former Riyadh Air Base, the project aims to plant 1 million trees and plants to enhance vegetation cover, increase green space per capita, and support biodiversity.
The development aligns with Saudi Vision 2030's Quality of Life Program, with Parsons leveraging its 80-year global expertise and 65-year regional presence in urban development, smart mobility, and landscape architecture.
Parsons (NYSE: PSN) has been selected by the Lee County Port Authority to provide project management services for Phase 1 of the Southwest Florida International Airport (RSW) Terminal Expansion Project in Fort Myers, Florida.
The project encompasses approximately 200,000 square feet of new and remodeled terminal space. As part of the project management team, Parsons will assist with project and contract management duties, providing support services during construction and initial operation. The company will work alongside design, construction management, and inspection teams.
The expansion aims to enhance passenger experience through:
- Reduced wait times
- Consolidated checkpoint operations
- Improved connectivity between concourses
- Increased airside concessions
- Additional amenities
Sealing Technologies, a Parsons (NYSE: PSN) company, has unveiled two new edge computing nodes: the GN 7100 and GN 9000, designed for advanced defensive cyber operations. The GN 7100 features PCIe Gen 5 and AMD's 9000 EPYC series for enhanced processing speeds, while the GN 9000 is equipped with dual GPUs and 188GB of HBM3 memory for AI applications.
Both devices bring datacenter-level AI/ML capabilities to edge computing in a portable form factor. The solutions aim to enhance operational effectiveness for cyber protection teams with increased storage and processing capabilities. These carry-on-compliant devices are specifically designed to meet current and future warfighter needs in defensive cyber operations.
Parsons (NYSE: PSN) has secured a position on a $1.5 billion multiple-award contract from the Air Force Civil Engineering Center (AFCEC) for environmental services. The contract includes a five-year base period with five one-year options and an additional six-month extension possibility.
The scope encompasses environmental issues, particularly per- and polyfluoroalkyl substances (PFAS) contamination, at U.S. Air Force installations worldwide. Services include environmental restoration, compliance, conservation, planning, and emerging contaminants management.
This award builds on Parsons' 50+ years of environmental engineering experience with the Department of Defense. The company recently strengthened its environmental capabilities through the February 2025 acquisition of TRS Group, Inc., and in October 2024, won a contract to manage PFAS groundwater treatment at Burlington Air National Guard Base, Vermont.
Bowman Consulting Group (NASDAQ: BWMN) has appointed Virginia L. Grebbien to its Board of Directors as an independent director. Grebbien, who brings over 30 years of public and private water sector experience, will serve on the compensation and nominating/corporate governance committees starting May 23, 2025.
Previously at Parsons (NYSE: PSN) for 13 years, Grebbien held various leadership roles including EVP of business development, president of multiple divisions, and chief corporate affairs officer. She played a important role in Parsons' transformation into a global digital technology company and its 2019 IPO before retiring in 2021.
Before Parsons, she held leadership positions at major Southern California water management agencies and spent three years at Warburg Pincus. Grebbien is a registered professional engineer in California with extensive board experience in public and private companies.
Parsons (NYSE: PSN) has secured a $24 million biological defense research contract from the Naval Medical Research Command (NMRC). The contract includes a one-year base period with four one-year option periods. Parsons will support NMRC's Biological Defense Research Directorate (BDRD) in biological research for rapid infectious disease detection and global disease surveillance.
The company has been performing this work since 2018, providing NMRC with expert scientists in various fields including molecular biology, immunology, serology, bacteriology, laboratory science and management, field collection, field lab detection, outbreak response, reagent production, and assay development.
Parsons (NYSE: PSN) has scheduled the release of its first quarter 2025 financial results before market opening on Wednesday, April 30, 2025. The company will hold a conference call at 8:00 a.m. Eastern Time on the same day to discuss earnings results and strategic corporate initiatives.
Investors can access the live conference call webcast through the company's Investor Relations website. Telephone participation is available through registration on the IR website. A replay of the call will be accessible on Parsons' website for one year following the event.
Parsons (NYSE: PSN) has been selected by Tucson Airport Authority (TAA) to conduct a per- and polyfluoroalkyl substances (PFAS) facility investigation at Tucson International Airport (TUS). The professional services agreement includes source area delineation, offsite source differentiation, and remedy feasibility assessment related to PFAS-containing aqueous film forming foam (AFFF).
Parsons brings significant expertise in PFAS management, having completed 2,000 PFAS investigations and installed over 7,000 PFAS point of entry treatment systems. The company specializes in water and wastewater treatment, with experts in hydrogeology, human health, ecological risk assessment, remediation, and modeling. Recently, Parsons acquired TRS Group, enhancing their capabilities with thermal remediation technologies for PFAS treatment.