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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.

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.

Rhea-AI Summary
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 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 Corporation (PSN) has been awarded a $28 million task order under the ABAD contract to integrate a Battlespace Command and Control Center. The contract includes a base year and two option periods. The company will focus on procurement, integration, testing, and training for a multi-source correlator tracker software system. Parsons will also integrate battlespace awareness and air defense capabilities to support ongoing security assistance activities and enhance partner nation air and missile defense capabilities within the U.S. Air Forces in Europe area of operations.
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Parsons Corporation (NYSE: PSN) has announced the launch of Cyberzcape Tracker, a new holistic cyber solution that proactively protects and neutralizes cyber threats within critical infrastructure networks. The solution was successfully piloted by two leading utility providers in the Midwest, providing a comprehensive analysis of the network’s threat environment and neutralizing malicious activity. This offering is the first of its kind in the critical infrastructure protection industry, combining passive monitoring with active threat neutralization. Cyberzcape Tracker is aimed at enhancing the safety and security of customers across the critical infrastructure market, including local communities, utilities, and vital systems, while reducing the risk of effective cyberattacks on infrastructure suppliers. The solution is powered by artificial intelligence and machine learning, combining capabilities from the company’s acquisition of IPKeys Cyber Partners with operational Parsons’ cybersecurity solutions.
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Parsons Corporation (PSN) is set to release its fourth quarter and fiscal year 2023 financial results on February 14, 2024. The company will host a conference call to discuss its earnings results and strategic corporate initiatives. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website. Interested parties may also participate via telephone with registration. A replay will be available on the company's website for one year.
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Parsons Corporation (PSN) awarded $21 million task order by NNSA for design and construction management support at LANL, continuing its long-term construction management support to NNSA. The company is responsible for monitoring the design, construction, environmental, safety, health, and quality efforts on those projects and advising the federal government.
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Parsons Corporation (PSN) Announces Launch of Freight Intelligent Transportation System at Port of Oakland, California
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Parsons Corporation (PSN) secures a single award classified contract worth over $250 million to continue supporting the U.S. Government, with a base period of one year and four one-year option periods.
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Parsons Corporation (PSN) is leveraging artificial intelligence (AI) to optimize combat advantage for warfighters through the development of software to define advantageous placement and configuration of Cyber and Electromagnetic Activities (CEMA) sensors and effectors. The company's TEMPO software has been integrated into live events conducted by the U.S. Army, providing soldiers with a force-multiplier for planning real-time CEMA missions.
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Parsons Corporation (PSN) has been awarded a $21 million contract by the United States Army Corps of Engineers (USACE) Los Angeles District for advanced geophysical classification (AGC) data collection and analysis at the Camp San Luis Obispo (CSLO) Munitions Response Site (MRS) 05. Parsons will serve as a subcontractor to the prime contractor PIKA-Insight joint venture (JV) LLC for a five-year contract, demonstrating its expertise in munitions response geophysics and AGC solutions.
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FAQ

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

The current stock price of Parsons (PSN) is $59.56 as of April 1, 2025.

What is the market cap of Parsons (PSN)?

The market cap of Parsons (PSN) is approximately 6.3B.

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

6.35B
105.63M
1.07%
100.51%
5.67%
Information Technology Services
Services-computer Integrated Systems Design
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United States
CENTREVILLE