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Parsons - PSN STOCK NEWS

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) delivers cutting-edge engineering and technology solutions for critical infrastructure, defense systems, and global security challenges. This news hub provides investors and industry professionals with timely updates on Parsons' strategic developments, project milestones, and operational achievements.

Access official press releases covering federal contract awards, transportation innovations, cybersecurity advancements, and environmental remediation initiatives. Our curated collection includes earnings reports, acquisition announcements, and leadership updates essential for understanding Parsons' market position in the engineering services sector.

Discover updates on Parsons' Federal Solutions division supporting national security programs and Critical Infrastructure projects enhancing urban mobility. Track the company's integration of AI-driven design tools and sustainable construction practices across global operations.

Bookmark this page for reliable updates on Parsons' engineering breakthroughs, government partnerships, and technological investments. Check regularly for insights into how PSN addresses complex infrastructure demands through its employee-owned operational model.

News

Parsons’ $800 Million Convertible Senior Note Offering

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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 Announces Pricing Of $700.0 Million Of Convertible Senior Notes Due 2029; Enters into Concurrent Capped Call Transactions to Offset Potential Dilution

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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 Announces Offering Of $700.0 Million Of Convertible Senior Notes Due 2029

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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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Soudah Development Awards Project Management Consultancy Contract to Parsons

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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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Parsons Wins $25 Million Transit Improvement Contract from City of Oakland

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Parsons Corporation (PSN) secures a $25 million contract with the City of Oakland Department of Transportation for the Embarcadero West Rail Safety and Access Improvements project. The project aims to enhance transit reliability, safety, and connectivity in Oakland, including pedestrian and rail improvements.
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Parsons Reports Record Results Since IPO for the Fourth Quarter and Fiscal Year 2023

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Parsons Corporation (PSN) reported record financial highlights for the fourth quarter and fiscal year 2023, with revenue reaching $1.5 billion and $5.4 billion, respectively. Net income increased by 60% to $45 million for the quarter and by 67% to $161 million for the year. Adjusted EBITDA rose by 30% to $128 million in Q4 and by 32% to $465 million for the fiscal year. The company also saw a 13% increase in contract awards year-over-year to $1.2 billion for Q4 and a 40% increase to $6.0 billion for the fiscal year.
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Parsons Wins $48M Task Order for Army Command-and-Control System Integration

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Parsons Corporation (PSN) has been awarded a $48 million task order on the U.S. Army’s RS3 contract to support software development for command and control applications. The contract expands their support to the U.S. Army’s RS3 mission, with a one-year base period and two one-year option periods. Parsons will develop software to provide warfighters with capabilities for tactical decision-making, planning, rehearsal, and execution management, aiming to create a simple, intuitive, and integrated common operating picture for the Army.
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Parsons Completes Holistic PFAS Investigation, Sampling and Remediation Project for Fortune 100 Industrial Leader

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Parsons Corporation (NYSE: PSN) completes a comprehensive assessment, investigation, and treatment of per- and polyfluoroalkyl substances (PFAS) for a major Fortune 100 industrial client. The 6-month project involved studying the manufacturing facility, testing water and sediments, and developing a mobile treatment system to keep the facility operational while addressing the contamination. The project generated nearly 500 dry tons of sediment and treated approximately 4,000,000 gallons of water. Parsons' Water Treatability Lab played a crucial role in identifying PFAS and developing the mitigation plan, showcasing the company's expertise in water and wastewater treatment.
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Parsons Wins Contract for Department of Labor Facilities Management

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Parsons Corporation (NYSE: PSN) has been awarded a contract worth over $115 million by the United States Department of Labor (DOL) Job Corps Acquisition Services. The contract includes a base performance period of one year and four one-year option periods. Parsons will provide project management and oversight support for the Job Corps’ Facilities Program, continuing a contract that the company has held since 2013. The Job Corps is the largest residential career training program in the United States, helping eligible young people complete their high school education, train for meaningful careers, and obtain employment.
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Parsons Included on $200M GSA Construction Management Contract

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Parsons Corporation (PSN) secures a $200 million Blanket Purchase Agreement with the United States General Services Administration (GSA) for program management and construction management services. The five-year contract will allow Parsons to compete for task orders to provide pre-planning, construction management, and commissioning services for building renovations and new construction projects. Parsons' president, Jon Moretta, expressed confidence in the company's ability to support GSA Public Building Service's efforts.
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Parsons

NYSE:PSN

PSN Rankings

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PSN Stock Data

6.95B
105.60M
1.07%
100.51%
5.67%
Information Technology Services
Services-computer Integrated Systems Design
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United States
CENTREVILLE