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) was awarded a position on the $15 billion Pacific Deterrence Initiative Multiple Award Construction Contract (PDI MACC) by NAVFAC on Nov 11, 2025. The MACC has a 5-year base period plus three 1-year options and lets Parsons compete for task orders exceeding $100 million for runways, hangars, waterfront, warehousing, and energy/fuel storage across the Indo-Pacific, including Australia and the Philippines. Parsons noted streamlined acquisition under the vehicle will speed execution of new construction, repairs, and upgrades. Since 2019 Parsons has won $400M+ in INDOPACOM-related contracts, reinforcing its federal infrastructure and national security capabilities.
Parsons (NYSE: PSN) was awarded an indefinite delivery/indefinite quantity contract to modernize the U.S. Coast Guard’s Biometrics at Sea System (BASS 2.0) with a five-year performance period announced Nov. 10, 2025. Parsons will provide strategic planning, technical support, and supply and deploy its JavelinXL handheld kits and Ares Gateway software to Coast Guard units for real-time biometric capture and analysis.
Parsons noted its global track record of delivering over 3,500 mobile biometrics solutions to federal and law enforcement customers.
Parsons (NYSE: PSN) reported Q3 2025 results: revenue $1.6B (down 10% YoY; down 14% organic) and net income $64M (down 11% YoY).
Adjusted EBITDA $158M (down 5% YoY) with margin of 9.8% (+60 bps). Total backlog rose to $8.8B with $6.4B funded (72%). Book-to-bill was 1.0x. Company modified FY2025 revenue range to $6.4B–$6.5B and reiterated adjusted EBITDA and operating cash flow guidance at mid-point.
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.