Parsons Corporation - PSN STOCK NEWS

Tutor Perini Corporation (NYSE: TPC) has been awarded the design and construction contract for Phase 1 South of the New American Legion Bridge I-270 Traffic Relief Plan, a significant civil works project in the U.S. The company will collaborate with AM Partners, including its subsidiary Lunda Construction and Parsons Corporation, to deliver the project. The initiative is expected to generate $12.6 billion in economic activity and create 43,400 job-years. This multi-billion dollar construction project aims to optimize travel and enhance long-term economic value while minimizing community impact.

On September 20, 2022, Parsons Corporation (NYSE: PSN) was awarded a 10-year IDIQ contract by the U.S. Army Combat Capabilities Development Command for chemical and biological defense support, valued at $869 million. This contract will enhance the Army's capabilities in research, development, test, and evaluation related to chemical and biological defense. Parsons aims to leverage its expertise in biosurveillance and environmental safety to contribute to national security and combat readiness.

Parsons Corporation (NYSE: PSN) showcased its intelligent transportation solutions (ITS) at the ITS World Congress from Sept. 18-22, 2022, in Los Angeles. The company highlighted its integrated automatic traffic management systems (ATMS) and innovative AI technologies aimed at enhancing efficiency, safety, and sustainability in urban infrastructure. Notably, Parsons received the Global Road Achievement Award for deploying its iNET™ Smart Mobility Platform on the San Francisco Oakland Bay Bridge. Key executives participated in discussions on advancements in connected autonomous vehicles and multi-modal connectivity.

Sidus Space, Inc. (NASDAQ: SIDU) has reaffirmed its commitment to manufacturing hardware for Parsons Corporation (NYSE: PSN) in support of the Tranche 1 (T1) launch. This collaboration involves the production of flight cables for Parsons' evolved secondary payload adapter (ESPA) ring. Sidus Space continues to leverage its manufacturing capabilities to provide end-to-end solutions in the space industry, enhancing its partnership with Parsons.

Parsons Corporation hosted the 15th Annual TAPS Golf Outing on September 8, 2022, at Mountain Branch Golf Course, Joppa, MD. As lead sponsor since 2007, Parsons has helped raise over $1 million for the Tragedy Assistance Program for Survivors (TAPS), aiding families of fallen military heroes. TAPS supports over 100,000 families since 1994, providing emotional care and resources. Approximately 20% of Parsons' U.S. workforce are veterans, showcasing their commitment to veterans through various support programs, resulting in over 90% retention among veteran employees.

Parsons Corporation (NYSE: PSN) has secured a $160 million ceiling-value blanket purchase agreement (BPA) to provide enterprise construction management services to the Department of Energy (DOE) and National Nuclear Security Administration (NNSA). This contract, which spans five years, marks Parsons' third consecutive ECMS engagement for national defense missions. Services will include strategic planning, engineering, logistics support, and construction management. The company has supported the DOE since 1948, focusing on modernization and environmental cleanup efforts.

Parsons Corporation (NYSE: PSN) will present at the 2022 Morgan Stanley 10th Annual Laguna Conference on September 14, 2022, at 1:25 p.m. Pacific Time. The presentation will feature Carey Smith, chair, president, and CEO, alongside Matt Ofilos, CFO. Investors can access the live webcast through the investor relations section of Parsons’ website, with a replay available for 30 days. Parsons is a leader in technology for national security and critical infrastructure, engaging in areas like cybersecurity and environmental remediation.

SpaceLink has been awarded a contract by the Defense Advanced Research Projects Agency (DARPA) for its Space-Based Adaptive Communications Node (Space-BACN) program. This initiative aims to facilitate communications in the proliferated space domain. SpaceLink will help develop protocols for commercial communications to interact with government systems, leveraging its relay satellites in MEO with optical links. In collaboration with Parsons Corporation (PSN), SpaceLink aims to enhance space-to-space connectivity through dynamic optical communications.

Parsons Corporation (NYSE: PSN) announced that CEO Carey Smith and CFO Matt Ofilos will present at the 2022 Raymond James Diversified Industrials Conference in New York City on August 23, 2022, at 8:35 a.m. ET. The presentation will be available live via webcast on Parsons’ investor relations website, with a replay accessible for 30 days afterward. Parsons is recognized as a leading provider of disruptive technology in national security and critical infrastructure markets, focusing on capabilities such as cybersecurity and environmental remediation.