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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 Earns Top Score in Human Rights Campaign Foundation’s Corporate Equality Index

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Parsons Corporation (PSN) has been recognized with a score of 100 on the 2023 - 2024 Corporate Equality Index (CEI) by the Human Rights Campaign Foundation for its active support and inclusion of the LGBTQ+ community. This marks the company's continuous leadership in LGBTQ+ rights and workplace equality. Parsons' commitment to diversity, equity, and inclusion is evident through its DEI program and employee resource groups, promoting collaboration and intersectionality.
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Parsons to Present at the Raymond James TMT & Consumer Conference

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Parsons Corporation (NYSE: PSN) to present at Raymond James TMT & Consumer Conference. Carey Smith, chair, president, and CEO, and Matt Ofilos, CFO, to participate in a fireside chat Q&A session on December 5, 2023, at 9:10 am ET. Webcast available on Parsons' investor relations website.
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Parsons to Present at the UBS Industrials Summit

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Parsons Corporation (PSN) to participate in UBS Industrials Summit investor conference. CEO and CFO to present at fireside chat on November 29, 2023, with webcast available on company's investor relations website.
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InfiniteTactics, together with Sealing Technologies partner to introduce the Mobile Tactical Edge High-Performance Computing Solution for Defense and Law Enforcement

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Parsons Company (NYSE: PSN) and Sealing Technologies, a Parsons Company, have partnered to launch the Mobile Tactical Edge HPC, a cutting-edge platform for AI, ML, Modeling Simulation, and Analytics processing for national security and industry. The collaboration brings together the expertise of two veteran-founded businesses, empowering analytics teams with advanced AI and ML capabilities. The Mobile Tactical Edge HPC is equipped with the latest NVIDIA AI GPU, the A100, an NVIDIA BlueField-2 DPU, and a 64-core AMD processor, offering unmatched computational power in a compact form factor designed for ease of deployment. It revolutionizes frontline operations, real-time threat assessment, and global collaboration, setting a new standard in efficiency and security.
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Parsons Included on $5 Billion Contract to Revitalize Puerto Rico’s Power System

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Parsons Corporation (NYSE: PSN) secures $5 billion contract for Puerto Rico Power System Stabilization Project with the United States Army Corps of Engineers. The contract includes a base performance period of five years and represents new work for the company. Parsons will compete for task orders to provide temporary power generation for the stabilization of Puerto Rico’s power grid, supporting the government’s request for assistance and aiding residents of the island as they recover from natural disasters.
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Ohio Department of Transportation Taps Honda to Lead Two-year Project to Advance Road Condition Management System

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Honda (NYSE: HMC) to pilot advanced prototype of road condition management system in partnership with i-Probe Inc., The University of Cincinnati, and Parsons Corporation, backed by a $700,000 investment from the Ohio Department of Transportation (ODOT). The system aims to use vehicle-generated data to identify and report hazardous road conditions in Ohio, enhancing safety and reducing vehicle damage costs.
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Parsons Awarded $91 Million Cyber Capabilities Contract

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Parsons Corporation (NYSE: PSN) has been awarded a $91 million contract by the United States Cyber Command (CYBERCOM) to provide services for the J9 PEO Cyber and Joint Cyber Warfighting Architecture Integration Office. The contract includes a 12-month base year and four 12-month option years. Parsons will use their Digital Engineering Framework to support the analysis, integration, development, and delivery of the Joint Cyber Warfighting Architecture.
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Parsons’ AI Technology Recognized in City of Chicago’s Smart 50 Award

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Parsons Corporation congratulates the City of Chicago on winning the Smart 50 Award for their Connected Vehicle Corridor pilot project. The pilot uses AI and connected vehicle data to improve pedestrian safety and traffic flow. On-board units were installed on city fleet vehicles and buses to alert drivers of pedestrians in crosswalks.
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Parsons’ Carey Smith Named Government Contracting Executive of the Year

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Carey Smith, Chair, President, and CEO of Parsons Corporation, was named 'Executive of the Year' at the 21st Annual Greater Washington Government Contractor Awards. The event recognizes leadership and excellence in the government contracting community. Smith joined Parsons in 2016 and has led the company to achieve record financial metrics and become a leader in six core markets.
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Parsons Reports Strong Third Quarter 2023 Results

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Parsons Corporation (NYSE: PSN) reported record revenue of $1.4 billion in Q3 2023, a 25% YoY increase. Net income increased by 60% to $47 million, and adjusted EBITDA increased by 24% to $128 million. The company also achieved over 20% organic growth in both segments for the second consecutive quarter and reported record cash flow from operations of $204 million. Parsons raised its 2023 guidance ranges for revenue, adjusted EBITDA, and cash flow from operations.
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Parsons

NYSE:PSN

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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