STOCK TITAN

Parsons Corporation - PSN STOCK NEWS

Welcome to our dedicated page for Parsons Corporation news (Ticker: PSN), a resource for investors and traders seeking the latest updates and insights on Parsons Corporation stock.

Parsons Corporation (NYSE: PSN) is a pioneering company in the fields of engineering, construction, technical, and management services. Founded in 1944, Parsons has grown to become a leader in delivering innovative, technology-driven solutions across a variety of markets, including defense, intelligence, and critical infrastructure.

With a strong workforce of over 15,000 employees, Parsons engages in nearly 5,000 projects across 29 countries. These projects span multiple sectors and involve complex logistical challenges. The company's core services include design/build, program and construction management, and professional services tailored to meet the needs of both private industrial clients and government entities at the federal, regional, and local levels.

One of Parsons' significant achievements is obtaining a $28 million contract from the U.S. Air Force Research Laboratory for the development of intelligence, surveillance, and reconnaissance software. This contract extends Parsons' portfolio in supporting the Department of Defense and the Intelligence Community. The company is also renowned for its ZEUS® directed energy system, which has been deployed in Iraq and Afghanistan for neutralizing threats and enhancing operational safety.

Parsons is structured into two primary business segments: Federal Solutions and Critical Infrastructure. The Federal Solutions segment focuses on high-end services and technology for mission-critical projects for the U.S. government. The Critical Infrastructure segment offers integrated design and engineering services for intricate physical and digital infrastructure globally.

Additionally, Parsons has been selected as one of 15 lead consultants for the Los Angeles World Airports' (LAWA) Capital Improvement Program, a contract valued at nearly $1 billion over five years. This initiative is part of LAWA's broader inclusivity and modernization efforts.

Parsons' commitment to innovation and excellence is further exemplified by its collaborative projects like the Peak-Time Payback program for battery storage-based demand response in Texas, in partnership with Enphase Energy and GVEC. This project is aimed at enhancing the resilience and sustainability of the Texas electrical grid.

To stay updated on Parsons' latest developments and projects, visit their official website at parsons.com and follow their updates on LinkedIn and Facebook.

Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has secured the SharkSeer 2.0 task order under the Defense Information Systems Agency's SETI contract, with a potential total value of $28 million over one base year and four option years. This contract aims to enhance cybersecurity for the Department of Defense by improving the existing SharkSeer program that utilizes AI to combat cyber threats. Parsons will handle various tasks, including integration and optimization across operational boundaries, leveraging its previous experience with the program.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
none
-
Rhea-AI Summary

Parsons Corporation (NYSE:PSN) has secured a $50.6 million contract from the U.S. Air Force to manufacture, integrate, and sustain 13 Recovery of Airbase Denied by Ordnance (RADBO) systems over six years. This innovative system utilizes the ZEUS™ directed energy weapon to safely neutralize unexploded ordnance in hazardous areas. RADBO features a mine-resistant vehicle equipped with a laser and robotic arm, allowing personnel to operate from a safe distance. This contract marks the first DoD ground-based laser system in production, enhancing explosive ordnance disposal capabilities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
Tags
none
-
Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has been awarded a $45 million contract by the Bay Area Rapid Transit District (BART) to implement a Communications-Based Train Control (CBTC) system, set to become the largest of its kind in North America. This initiative aims to enhance passenger capacity, ensure system safety, and improve efficiency across BART's transit network. The project is part of BART's $3.5 billion Transbay Corridor Core Capacity Program, focusing on modernizing infrastructure, including traction power system upgrades and new rail vehicles.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.63%
Tags
none
Rhea-AI Summary

Parsons Corporation (NYSE: PSN) will announce its third-quarter 2020 financial results on November 4, 2020, before market opening. A conference call is scheduled for 8:00 a.m. Eastern Time to discuss the earnings and corporate strategies. The call will be accessible via the company's website and through telephone. A replay will be available shortly after the call and for one year on the website and through a specific phone line.

Parsons is recognized as a leading provider of disruptive technology in defense, intelligence, and critical infrastructure sectors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.94%
Tags
-
Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has been awarded three task orders totaling $69 million under its GARDEM contract with the Air Force Research Laboratory (AFRL). These contracts, expected to be executed in 2020, focus on providing on-site mission support and software application enhancements. Parsons, which has supported AFRL for over 20 years, aims to enhance operational capabilities across various military domains. The company continues to leverage its expertise in data mining, visualization, and cloud computing to deliver tailored solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
Tags
none
Rhea-AI Summary

Parsons Corporation (NYSE: PSN) will participate in the Morgan Stanley Virtual 8th Annual Laguna Conference on September 16, 2020, at 3:45 p.m. Eastern Time. Chuck Harrington, CEO, and George Ball, CFO, will engage in a fireside chat. The session will be available live via webcast on Parsons' investor relations website, with a replay accessible for six months. Parsons specializes in disruptive technology across defense, intelligence, and critical infrastructure sectors, emphasizing cybersecurity and connected infrastructure. For more information, visit www.parsons.com.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
conferences
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
none
-
Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has achieved a significant milestone by completing the necessary steps to initiate radioactive waste treatment at the Department of Energy's Salt Waste Processing Facility (SWPF) in Aiken, SC. This state-of-the-art facility will enhance processing rates by seven to eight times, significantly reducing operational costs and expediting the emptying of high-level waste tanks. Parsons has been involved with the Savannah River Site for over 30 years and completed the SWPF construction ahead of schedule and under budget, aiming to process 31 million gallons of salt waste.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
none
Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has priced its private offering of $350.0 million aggregate principal amount of 0.25% convertible senior notes due 2025, up from a previously announced $300.0 million. The offering will generate approximately $341.0 million in net proceeds after expenses. The notes, maturing on August 15, 2025, will have a conversion rate of 22.2913 shares per $1,000 note. Funds will be used for general corporate purposes, including potential acquisitions. Additionally, the company has entered into hedges to mitigate dilution risks.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
Tags
none

FAQ

What is the current stock price of Parsons Corporation (PSN)?

The current stock price of Parsons Corporation (PSN) is $93.43 as of December 24, 2024.

What is the market cap of Parsons Corporation (PSN)?

The market cap of Parsons Corporation (PSN) is approximately 9.9B.

What is Parsons Corporation known for?

Parsons Corporation is known for providing engineering, construction, technical, and management services in defense, intelligence, and critical infrastructure sectors.

How many employees does Parsons have?

Parsons has over 15,000 employees working on nearly 5,000 projects across 29 countries.

What are the main business segments of Parsons?

Parsons operates through two primary segments: Federal Solutions and Critical Infrastructure.

Can you name a recent significant project by Parsons?

Recently, Parsons was awarded a $28 million contract for developing intelligence, surveillance, and reconnaissance software for the U.S. Air Force Research Laboratory.

What is the ZEUS® directed energy system?

The ZEUS® directed energy system is a laser technology developed by Parsons used for neutralizing unexploded ordnance and improving operational safety in conflict zones.

What is Parsons' role in the Los Angeles World Airports' Capital Improvement Program?

Parsons is one of 15 lead consultants selected for the LAWA Capital Improvement Program, a nearly $1 billion initiative over five years.

How does Parsons contribute to the sustainability of the Texas electrical grid?

Parsons collaborates with Enphase Energy and GVEC on the Peak-Time Payback program, which uses battery storage to enhance the resilience and sustainability of the Texas electrical grid.

What sectors does Parsons provide services for?

Parsons provides services for defense, intelligence, critical infrastructure, transportation, urban development, environmental remediation, cyber and intelligence, and space and missile defense.

Where can I find more information about Parsons' services and projects?

You can visit Parsons' official website at parsons.com and follow their updates on LinkedIn and Facebook for more information.

Is Parsons a publicly traded company?

Yes, Parsons Corporation is publicly traded on the New York Stock Exchange under the symbol PSN.

Parsons Corporation

NYSE:PSN

PSN Rankings

PSN Stock Data

9.92B
105.27M
0.88%
101.37%
2.53%
Information Technology Services
Services-computer Integrated Systems Design
Link
United States of America
CENTREVILLE