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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.

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Parsons Corporation to present at Jefferies Industrials Conference
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Parsons Corporation acquires Sealing Technologies, Inc. for up to $200 million, strengthening its position in the national security market. SealingTech's capabilities in defensive cyber operations and AI-powered mission solutions complement Parsons' existing portfolio. The transaction is expected to be accretive to Parsons' fiscal year 2024 revenue growth rate, adjusted EBITDA margin, and adjusted earnings per share.
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Parsons Corporation awarded 5-year contract for project and construction management services in Saudi Arabia's King Abdullah Financial District (KAFD)
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Parsons Corporation has been selected by the New York State Department of Transportation (NYSDOT) to complete a Planning and Environment Linkages (PEL) study for the potential reconfiguration of the Interstate 787 (I-787) corridor in the greater Albany area. The study aims to identify infrastructure improvement alternatives. Parsons has a strong track record in delivering infrastructure projects in New York State.
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Parsons Corporation has been selected by United States Cyber Command to continue support previously provided under the C4CD and C4CD Bridge contracts. The $109 million classified contract includes a one-year base period plus four one-year option periods. Parsons' ongoing support will focus on the J9 Acquisition and Technology Directorate mission set.
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Parsons Corporation (NYSE: PSN) has been selected to provide design engineering consultancy services to Qatar’s Public Works Authority for a new $52 million, six-year road and infrastructure framework in Doha. The project aligns with Qatar National Vision 2030 and National Climate Change Action Plan 2030, aiming to improve access, decrease congestion, and reduce carbon emissions.
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Parsons Corporation (NYSE: PSN) announced record Q2 2023 revenue of $1.4 billion, a 34% increase year-over-year, with organic revenue growth of 23%. Net income increased 136% to $43 million. Adjusted EBITDA rose 53% to $118 million. The company raised its 2023 guidance ranges for revenue, adjusted EBITDA, and cash flow from operations.
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BAE Systems Ordnance Systems Inc. (LSE: BA) is teaming with Parsons Corporation (NYSE: PSN) to modernize the Holston Army Ammunition Plant, pursuing the opportunity to be the operating contractor through 2035. This partnership aims to leverage BAE Systems' program management and modernization integration expertise with Parsons' engineering and construction management capabilities for modernizing World War II era ammunition plants into state-of-the-art chemical processing facilities critical for national security. Sustained funding for modernization efforts will improve safety and introduce more environmentally friendly technologies.
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Parsons Corporation has been selected by Naval Facility Engineering Systems Command Southwest (NAVFAC SW) for a $11 million contract to provide project performance assessment and programmatic risk management services. This contract expands Parsons' work with the Navy and strengthens its role in the U.S. Indo-Pacific strategy.
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Parsons Corporation has been selected by the Texas Department of Transportation's Waco District to provide schematic/environmental services and design for the expansion of Interstate Highway 14. The project aims to extend IH 14 from Belton to Rogers, improving the IH 14/US 190/IH 35 system interchange. Parsons will utilize digital tools for implementation and help reduce traffic congestion and promote development along the corridor.
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Parsons

NYSE:PSN

PSN Rankings

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