Parsons (PSN) Stock News, May-Jun 2025

Parsons Corporation (PSN) has secured a $169.5 million contract from the U.S. Army Corps of Engineers Norfolk District to construct a new Ammonium Nitrate Solution Tank Farm at Holston Army Ammunition Plant. The four-year contract involves replacing existing storage tanks to support expanded manufacturing capabilities. This marks Parsons' third USACE Norfolk District award in four years, following previous contracts for an Explosive Decomposition Chamber facility (2023) and an Energetic Waste Incinerator project (2021). The project is part of the U.S. Army's broader multi-year, multi-billion-dollar Organic Industrial Base Modernization Implementation Plan, aimed at upgrading facilities, processes, and workforce capabilities across depots, arsenals, and ammunition plants.

Parsons Corporation has completed a significant 9.1-mile light rail segment between Glendora and Pomona in Southern California's San Gabriel Valley. The project, which achieved substantial completion in January, has been transferred to LA Metro for final preparations before passenger service begins later in 2025. This extension will become part of the 48.5-mile Metro A Line system, making it the longest light rail line in the US, connecting Long Beach to Pomona. Parsons led the design and contributed to construction management, delivering the project on time and within budget. The extension aims to provide an eco-friendly transportation alternative, reduce traffic congestion, and improve mobility in the region. Once operational, it will connect passengers to key destinations including downtown Los Angeles, while providing economic benefits through improved access to jobs, education, and entertainment opportunities.

Parsons Corporation has secured a $94.5 million task order under the Air Base Air Defense (ABAD) contract to enhance command-and-control and early warning capabilities for U.S. Air Forces in Europe and Africa. The contract includes a 12-month base period with two 12-month option periods. The work focuses on integrating, testing, fielding, and sustaining defense systems that protect against threats ranging from irregular attacks to hypersonic weapons. This task order is part of a broader 9-year ABAD IDIQ initiative that aims to develop an all-domain system using commercial and government off-the-shelf technologies. Parsons' role encompasses space operations, edge computing, cyber capabilities, and ground-based command and control systems.

Parsons Corporation (NYSE: PSN) has been awarded a 2025 Honor Award by the American Council of Engineering Companies (ACEC) for the Deer Creek Sanitary Tunnel and Pump Station project in the Water and Wastewater category. The project, which previously received the Grand Award from ACEC Missouri, involved the design and construction of a four-mile-long, 19-foot-diameter tunnel located 175 feet underground, capable of storing 38 million gallons of wastewater during wet-weather events. As the Deer Creek Watershed Consultant for Metropolitan St. Louis Sewer District, Parsons managed the development of infrastructure serving approximately 24,000 acres, including over 100 miles of sanitary and combined sewer systems. The project encompassed the construction of eight shafts, five diversion structures, and five hydraulic drop structures, demonstrating Parsons' expertise in delivering sustainable infrastructure solutions.

Parsons Corporation (NYSE: PSN) has been selected as one of seven lead consultants by the City of Austin to provide program management services for the Austin-Bergstrom International Airport (AUS) expansion program. The company will support the Rolling Capital Improvement Program and Journey With AUS initiative, a comprehensive five to seven-year modernization project. The expansion includes the Barbara Jordan Terminal enhancement, new facilities construction, infrastructure improvements, parking upgrades, and commercial development. Parsons brings significant aviation expertise, having worked on over 450 airports across 40 countries, with 60 years of experience in Texas. The project aims to increase airport capacity and improve operational efficiency while maintaining an authentic Austin experience for passengers.

Parsons Corporation (NYSE: PSN) announced that its chair, president, and CEO Carey Smith will present at Baird's 2025 Global Consumer, Technology & Services Conference. The presentation is scheduled for Wednesday, June 4, 2025, at 2:35 p.m. Eastern Time. Investors and interested parties can access the live presentation through a webcast available on Parsons' investor relations website. The presentation recording will remain accessible on the company's website for 30 days following the event.

Parsons Corporation (NYSE: PSN) celebrated the completion of the $100 million I-80/Gilman Street Interchange Improvement Project in Berkeley, California, marked by a ribbon-cutting ceremony on April 28. The project received a 2025 Engineering Excellence Award from the American Council of Engineering Companies for its Phase 1 Pedestrian and Bicycle Overcrossing. As prime consultant and engineer of record, Parsons led the project's approval, environmental documentation, final design, and construction support. The improved interchange features modern roundabouts and a dedicated pedestrian/bicycle overcrossing, connecting the Bay Trail with North Berkeley. Notable innovations include a first-of-its-kind cycle track over an active Union Pacific railroad crossing. The project aims to enhance traffic flow, reduce congestion, and improve safety in one of the Bay Area's busiest corridors.

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) showcased its significant Middle East presence during President Trump's regional visit to Saudi Arabia, Qatar, and UAE. The company, with nearly 7,000 employees in GCC countries and over $1 billion in annual revenue in 2024, has operated in the region since the 1950s. During the visit, Parsons was selected as Delivery Partner for the new King Salman International Airport. CEO Carey Smith participated in private roundtables with the President, highlighting the company's infrastructure and security capabilities. Parsons' major projects include Saudi Arabia's NEOM's THE LINE, King Salman Park, Qatar's FIFA World Cup 2022 infrastructure, and UAE's Zayed International Airport. The company leverages AI and advanced technologies for infrastructure solutions, operating across six growing markets with over 20,000 employees globally.