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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 Corporation (NYSE: PSN) announced that its chair, president, and CEO, Carey Smith, will present at the William Blair 45th Annual Growth Stock Conference on June 3, 2025, at 11:20 a.m. Central Time. The presentation will be accessible through a live webcast on the company's investor relations website, with a replay available for 30 days following the event.
Parsons Corporation (NYSE: PSN) has secured two significant Delivery Partner contracts from the King Salman International Airport Development Company (KSIADC), owned by Saudi Arabia's Public Investment Fund. The four-year contracts include: (1) airfield assets development covering runways, taxiways, aircraft parking areas, and control towers, and (2) landside infrastructure including roads, utilities, tunnels, bridges, rail network, and landscaping.
The King Salman International Airport project spans 57 km² and aims to accommodate 120 million passengers by 2030 and 185 million passengers with 3.5 million tons of cargo by 2050. The facility will feature 6 parallel runways upon completion. Parsons, which has been operating in the region since 1958, will provide comprehensive project management services including development, design, procurement, construction, and commissioning.
Parsons Corporation (NYSE: PSN) subsidiary SealingTech has launched the US 10, an ultra-compact server designed for high-performance edge computing and commercial cybersecurity protection. Part of the new AegisEdge MicroServer line, this 10-core processing unit is specifically engineered to protect operational technology (OT) and industrial control systems (ICS) in critical infrastructure environments.
The US 10's key features include a compact, palm-sized form factor, quiet operation, and customizable edge computing applications with remote software management capabilities. The server is optimized for SWaP-C (size, weight, power, and cost) considerations, offering cost-effectiveness through high performance and low-power efficiency, resulting in longer operational life compared to traditional rack systems.
The solution targets the protection of essential infrastructure like water systems, electric grids, and transportation networks, leveraging Parsons' expertise in critical infrastructure protection.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