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) will announce its Q2 2022 financial results on August 3, 2022, prior to market opening. A conference call is scheduled for 8:00 a.m. ET that day to discuss earnings and corporate strategies. Interested investors can access the live call via the company's Investor Relations page, and a replay will be available shortly after the call for one year. Parsons specializes in disruptive technology within security, intelligence, and critical infrastructure sectors, including cybersecurity and smart cities.
Parsons Corporation (NYSE: PSN) has been selected by the Greater Asheville Regional Airport Authority (GARAA) for a significant $240 million project to modernize and expand the airport terminal. The new facility will replace the existing terminal with a 275,000 square foot building featuring 12 boarding gates, enhancing the travel experience for increasing passenger numbers. This five-year contract will ensure extensive management during construction, minimizing disruptions. Parsons aims to leverage its aviation expertise and digital transformation capabilities to deliver the project on schedule and budget.
Parsons Corporation (NYSE: PSN) announced the promotion of Tim Schmitt to its executive leadership team, effective Aug. 1, 2022. Schmitt has been with Parsons since 2018, originally joining through the acquisition of Polaris Alpha. He will continue as chief development officer while also overseeing the firm’s merger and acquisition program and strategic initiatives. Schmitt has led previous acquisitions and has a robust background in national security sector investment banking. This leadership change aims to bolster Parsons' growth and strategic direction.
Parsons Corporation (NYSE: PSN) has been awarded a significant contract by the U.S. Defense Health Agency (DHA) to support health-related R&D for the Department of Defense, valued at up to $10 billion over five years. This Omnibus IV contract will enable Parsons to enhance military healthcare through innovative technologies, focusing on areas such as infectious disease research and medical simulations. The company aims to optimize DHA's investment in military health services and ensure the readiness and resilience of service members.
Parsons Corporation (NYSE:PSN) has inaugurated the PALADIN Lab, an innovation facility aimed at rapidly developing operational technology for the Department of Defense and other federal markets. Located in Aberdeen, Maryland, the lab features over 9,700 square feet of advanced engineering space designed to enhance research and integration of cutting-edge solutions. The lab promotes collaboration among industry, academia, and government, addressing national security needs while reinforcing Parsons’ commitment to innovation and technology development.
Parsons Corporation (NYSE: PSN) will present at the Stifel 2022 Cross Sector Insight Conference on June 8, 2022, at 9:10 a.m. ET. The presentation will be led by Carey Smith, Chairwoman and CEO, and Matt Ofilos, EVP of Finance. Investors can access the live webcast through the investor relations section of Parsons' website, with a replay available for 30 days afterward.
Parsons specializes in disruptive technologies in national security and critical infrastructure, including cybersecurity and smart cities.
Parsons Corporation (NYSE:PSN) finalized its acquisition of Xator Corporation for $400 million, enhancing its footprint in the U.S. Special Operations Command and critical infrastructure sectors. This acquisition will provide Parsons with access to a growing customer base at the Department of State and expanded capabilities in areas like cybersecurity and threat assessment. The synergies are expected to strengthen Parsons' existing portfolio and accelerate growth, with Xator integrated into Parsons’ engineered systems business unit.
Parsons Corporation (NYSE: PSN) will present at the Jefferies Virtual IT Services Summit on June 1, 2022, at 8:00 a.m. Eastern Time. Chairwoman and CEO Carey Smith, along with Executive VP of Finance Matt Ofilos, will lead the presentation. Investors can access the live webcast on Parsons' investor relations website, with a replay available for 30 days. Parsons is recognized as a leading disruptive technology provider in national security and critical infrastructure markets, focusing on areas such as cybersecurity and smart cities.
Parsons Corporation (NYSE: PSN) has been awarded a contract by the Niagara International Transportation Technology Coalition (NITTEC) to develop an AI-based regional border transportation management system. This project aims to enhance the movement of goods and people in the Buffalo-Niagara region, focusing on safety, efficiency, and environmental sustainability. Parsons will employ its Intelligent NETworks® Smart Mobility platform to facilitate real-time data sharing among agencies, ultimately improving traffic performance and freight operations.
On May 23, 2022, Parsons Corporation (NYSE: PSN) announced its acquisition of Xator Corporation for $400 million. This strategic move aims to enhance Parsons’ capabilities in critical infrastructure protection, cyber solutions, and counter-unmanned aircraft systems. Xator will expand the company’s market presence, particularly in federal solutions and with U.S. Special Operations Command. Expected to generate $300 million in revenue for 2023, this acquisition aligns with Parsons’ growth strategy of purchasing mission-focused companies with strong EBITDA margins.
