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.
Parsons Corporation (NYSE: PSN) has been appointed as lead designer for the New American Legion Bridge I-270 Traffic Relief Plan, under a joint venture with Tutor Perini Corporation. This Maryland Department of Transportation project, valued in the billions, entails replacing and expanding the American Legion Bridge, adding two High Occupancy Toll (HOT) lanes, and enhancing 14 miles of highway. With decades of infrastructure experience, Parsons aims to improve regional mobility and safety. This collaboration symbolizes a significant step in transportation development in the National Capital Region.
Parsons Corporation (NYSE:PSN) plans to release its third quarter 2022 financial results on November 2, 2022, before the market opens. The company will host a conference call at 8:00 a.m. ET to discuss its earnings and corporate strategies. Interested participants can access the live conference through Parsons' Investor Relations webpage or by dialing the provided numbers for domestic and international callers. A replay of the call will be available on the company’s website shortly after the event and will last one year.
Parsons Corporation (NYSE: PSN) has been awarded a $104 million contract by the Missile Defense Agency (MDA) to support engineering, management, and lifecycle services over a three-year period, with two optional extensions. This contract emphasizes Parsons' long-standing expertise in modernizing military infrastructure since 1975. The company will assist MDA in maintaining sustainable systems across multiple U.S. military sites, enhancing facility conditions and property management.
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.
