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Parsons - PSN STOCK NEWS

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Overview and Core Capabilities

Parsons (NYSE: PSN) is a distinguished, employee-owned engineering, construction, technical, and management services firm that has been shaping infrastructure and national security since 1944. As a company with deep roots in engineering excellence, Parsons delivers technology-driven solutions to solve complex challenges across defense, transportation, critical infrastructure, urban development, and environmental remediation. By combining innovative digital capabilities with time-tested project management expertise, Parsons is recognized for its ability to transform intricate concepts into operational realities in both the private and public sectors.

Business Segments and Market Focus

Parsons operates primarily through two well-defined segments:

  • Federal Solutions: This segment provides high-end, technology-enabled services and engineering expertise to federal, regional, and local government agencies. It specializes in mission-critical projects, particularly in national security, cyber and intelligence, space and missile defense, and advanced infrastructure protection. Designed to meet rigorous governmental requirements, these services combine technical acumen with robust project management to secure complex operational environments.
  • Critical Infrastructure: Focused on designing, engineering, and managing large-scale physical and digital infrastructure projects, this segment addresses challenges in transportation, urban development, environmental remediation, and civil engineering. By leveraging advanced software and integrated construction management strategies, Parsons delivers comprehensive solutions that improve safety, efficiency, and mobility within communities around the world.

Engineering Excellence and Technological Innovation

Parsons is distinguished by its integration of advanced technology and deep engineering expertise to overcome even the toughest logistical and design challenges. The company harnesses digital solutions, AI, and data analytics to improve design-build processes, optimize project execution, and deliver alternative delivery models that support both rapid deployment and long-term sustainability. Its innovative approach serves as a model for seamlessly converging traditional engineering practices with state-of-the-art digital technologies.

Global Reach and Diverse Talent

With a presence in numerous countries worldwide, Parsons boasts a workforce that spans a diverse array of skills, languages, and technical certifications. This multicultural and highly qualified team is prepared to manage international projects that range from advanced transportation systems to secure defense infrastructure. The company’s employee-centric ownership model reinforces a commitment to excellence and instills a culture focused on perseverance, resilience, and global collaboration.

Integration of Acquisitions and Strategic Growth

Parsons continuously refines its service portfolio through strategic acquisitions and partnerships, enhancing its capabilities in areas such as transportation engineering, cybersecurity, and environmental remediation. The company’s ability to integrate new technologies and diversify its offerings has helped maintain its competitive edge across various high-growth markets. By assimilating specialized firms, Parsons enriches its expertise and broadens its market footprint in both domestic and international arenas.

Reputation in Complex and Mission-Critical Projects

Parsons has built a reputation as a trusted partner for some of the most high-profile, technically challenging projects. Its solutions are deeply embedded in sectors where reliability, security, and precision are paramount. From delivering large-scale transit systems and advanced microgrid energy solutions to safeguarding federal infrastructures and environmental assets, every project undertaken by Parsons reflects a commitment to superior engineering standards and innovative problem-solving.

Commitment to Quality and Operational Excellence

The company’s proven methodologies, rigorous quality control processes, and strategic initiatives across its operating segments underscore a commitment to operational excellence. With extensive experience in managing multi-faceted projects that include design-build arrangements and comprehensive construction management, Parsons ensures that each initiative meets the highest standards of safety, efficiency, and performance.

Positioning in a Competitive Landscape

Within the competitive ecosystem of engineering and technical services, Parsons stands out through its breadth of services, integrated digital solutions, and a history of successful project execution. Its deep ties with federal agencies and established track record of delivering infrastructural solutions place the company in a unique market position, where its competitive differentiation arises from an enduring focus on mission-critical applications, technological advancement, and a diverse set of expertise.

Overall, Parsons offers a compelling blend of experience, innovative capacity, and a globally integrated workforce that underpins its role as a transformative engineering solutions provider in a multipolar world. Its strategy of aligning cutting-edge digital innovation with traditional engineering practices continues to ensure that Parsons remains a resilient force capable of navigating complex project demands and evolving market challenges.

Key Strengths and Expert Insights

  • Diversified Portfolio: A comprehensive range of services across multiple sectors including defense, transportation, and environmental remediation.
  • Technological Integration: Incorporation of AI and digital analytics to streamline design and accelerate project turnaround times.
  • Global Expertise: An expansive, culturally and technically diverse team capable of operating in complex international settings.
  • Strategic Growth: Focus on integrating high-growth niche companies to bolster capabilities and expand market presence.
  • Proven Track Record: Consistent delivery of mission-critical projects in both public and private sectors under high-security and performance demands.

This detailed overview of Parsons encapsulates not only its core business operations and market positioning but also demonstrates extensive expertise and methodological rigor. Designed to offer an in-depth understanding for researchers, investors, and industry observers, the content reflects decades of proven operational excellence and strategic vision in the realm of complex, infrastructure-driven projects.

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Parsons (PSN) awarded a $15.5 million contract by NOAA for system integration and cloud management services for the Traffic Coordination System for Space (TraCSS). The contract aims to enhance space situational awareness and space traffic coordination for global spaceflight safety.
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Parsons Corporation (NYSE: PSN) secures a $1 billion contract with WMATA for project and construction management support, continuing their over 50-year partnership. The contract includes a base period of five years and a one-year option period, marking new work for Parsons in delivering innovative transit solutions.
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Parsons Corporation has been recognized as one of the 2024 World’s Most Ethical Companies by Ethisphere for the 15th consecutive year. The company's commitment to ethics, integrity, and employee engagement has been key to its success and culture of performance.
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Parsons Corporation (PSN) to present at Raymond James 45th Annual Institutional Investors Conference with CEO and CFO participating in a fireside chat.
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Parsons Corporation, in collaboration with Mace and Arcadis, has been selected as the delivery partner for the $16 billion Hudson Tunnel Project by the Gateway Development Commission. The project aims to enhance rail transit capacity, reliability, and resiliency on the Northeast Corridor, benefiting 800,000 daily passengers. With nearly $12 billion in federal funding, this project is a significant investment supported by the Infrastructure Investment and Jobs Act.
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Parsons Corporation (PSN) secures a $245 million contract from the US Army Corps of Engineers for environmental remediation projects funded by the Infrastructure Investment and Jobs Act. The five-year contract aims to address hazardous waste cleanup and protect public health, showcasing Parsons' expertise in environmental solutions.
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Parsons Corporation (PSN) announced the full exercise of a $100 million option to purchase additional notes, increasing the total principal amount to $800 million. The company also entered into capped call transactions and refreshed its stock repurchase authority. Parsons plans to invest in organic and inorganic growth, focusing on national security and global infrastructure solutions.
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Parsons Corporation (PSN) announced a private offering of $700.0 million of 2.625% convertible senior notes due 2029. The company entered capped call transactions to offset potential dilution and granted initial purchasers an option for an additional $100.0 million. The offering is expected to settle soon.
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Parsons Corporation (PSN) plans to offer $700.0 million convertible senior notes due 2029 in a private placement. The notes will be senior unsecured obligations, accrue interest semiannually, and mature on March 1, 2029. Parsons intends to use proceeds for capped call transactions, repurchasing existing notes, potential acquisitions, and working capital.
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Parsons Corporation (PSN) secures a three-year contract to provide project management consultancy services for the development of Soudah Peaks, a luxury mountain tourism destination in Saudi Arabia.
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FAQ

What is the current stock price of Parsons (PSN)?

The current stock price of Parsons (PSN) is $63.15 as of April 9, 2025.

What is the market cap of Parsons (PSN)?

The market cap of Parsons (PSN) is approximately 6.4B.

What are the primary business segments of Parsons?

Parsons operates primarily through its Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment provides advanced technical services to government agencies, while the Critical Infrastructure segment focuses on large-scale design, engineering, and management projects.

How does Parsons integrate technology in its service offerings?

Parsons leverages digital solutions, artificial intelligence, and data analytics to enhance design-build processes, optimize project execution, and develop innovative alternative delivery models, ensuring efficient and secure solutions for complex challenges.

What industries does Parsons serve?

Parsons serves a wide range of sectors including defense, transportation, urban development, environmental remediation, cybersecurity, and critical infrastructure protection for both private industrial customers and government agencies.

What differentiates Parsons from its competitors?

Parsons stands out due to its employee-owned structure, global workforce, diversified service portfolio, and its ability to integrate cutting-edge technology with traditional engineering practices. Its longstanding track record in managing high-profile, complex projects further underpins its competitive advantage.

How does Parsons support federal government projects?

Through its Federal Solutions segment, Parsons delivers mission-critical engineering and technology services such as cyber defense, critical infrastructure protection, and advanced design-build solutions specifically tailored to government standards and requirements.

What role do acquisitions play in Parsons' growth strategy?

Acquisitions are a key component in Parsons' strategy, enabling the company to broaden its capabilities, integrate new technologies, and expand its market reach. Strategic acquisitions help Parsons enhance service offerings across various high-growth sectors.

How does Parsons ensure quality and project reliability?

Parsons adopts rigorous quality control processes and uses industry-leading methodologies in project management. This approach, combined with its experienced, diverse workforce, ensures that projects are executed efficiently and meet high safety and performance standards.

Is Parsons a global player?

Yes, Parsons has a significant global presence with operations in multiple countries, supported by a culturally diverse and technically skilled team. This global reach allows the company to manage and execute complex projects in challenging international environments.
Parsons

NYSE:PSN

PSN Rankings

PSN Stock Data

6.43B
105.63M
1.07%
100.51%
5.67%
Information Technology Services
Services-computer Integrated Systems Design
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United States
CENTREVILLE