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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.

News

Parsons Included on $200M GSA Construction Management Contract

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Parsons Corporation (PSN) secures a $200 million Blanket Purchase Agreement with the United States General Services Administration (GSA) for program management and construction management services. The five-year contract will allow Parsons to compete for task orders to provide pre-planning, construction management, and commissioning services for building renovations and new construction projects. Parsons' president, Jon Moretta, expressed confidence in the company's ability to support GSA Public Building Service's efforts.
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Parsons Continues Driving Task Orders to Air-Base Air-Defense Battlespace Contract

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Parsons Corporation (PSN) has been awarded a $28 million task order under the ABAD contract to integrate a Battlespace Command and Control Center. The contract includes a base year and two option periods. The company will focus on procurement, integration, testing, and training for a multi-source correlator tracker software system. Parsons will also integrate battlespace awareness and air defense capabilities to support ongoing security assistance activities and enhance partner nation air and missile defense capabilities within the U.S. Air Forces in Europe area of operations.
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Parsons Unveils Industry’s First Holistic Cyber Solution for Critical Infrastructure Protection

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Parsons Corporation (NYSE: PSN) has announced the launch of Cyberzcape Tracker, a new holistic cyber solution that proactively protects and neutralizes cyber threats within critical infrastructure networks. The solution was successfully piloted by two leading utility providers in the Midwest, providing a comprehensive analysis of the network’s threat environment and neutralizing malicious activity. This offering is the first of its kind in the critical infrastructure protection industry, combining passive monitoring with active threat neutralization. Cyberzcape Tracker is aimed at enhancing the safety and security of customers across the critical infrastructure market, including local communities, utilities, and vital systems, while reducing the risk of effective cyberattacks on infrastructure suppliers. The solution is powered by artificial intelligence and machine learning, combining capabilities from the company’s acquisition of IPKeys Cyber Partners with operational Parsons’ cybersecurity solutions.
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Parsons To Announce Fourth Quarter And Fiscal Year 2023 Financial Results On February 14, 2024

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Parsons Corporation (PSN) is set to release its fourth quarter and fiscal year 2023 financial results on February 14, 2024. The company will host a conference call to discuss its earnings results and strategic corporate initiatives. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website. Interested parties may also participate via telephone with registration. A replay will be available on the company's website for one year.
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Parsons Secures $21 Million Task Order to Advance NNSA Infrastructure

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Parsons Corporation (PSN) awarded $21 million task order by NNSA for design and construction management support at LANL, continuing its long-term construction management support to NNSA. The company is responsible for monitoring the design, construction, environmental, safety, health, and quality efforts on those projects and advising the federal government.
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Port of Oakland, Parsons and Partners Launch New App to Improve Port Operations

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Parsons Corporation (PSN) Announces Launch of Freight Intelligent Transportation System at Port of Oakland, California
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Parsons Awarded $250 Million Classified Contract

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Parsons Corporation (PSN) secures a single award classified contract worth over $250 million to continue supporting the U.S. Government, with a base period of one year and four one-year option periods.
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Parsons Merges Artificial Intelligence To Deliver Combat Advantage

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Parsons Corporation (PSN) is leveraging artificial intelligence (AI) to optimize combat advantage for warfighters through the development of software to define advantageous placement and configuration of Cyber and Electromagnetic Activities (CEMA) sensors and effectors. The company's TEMPO software has been integrated into live events conducted by the U.S. Army, providing soldiers with a force-multiplier for planning real-time CEMA missions.
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Parsons Awarded $21 Million U.S. Army Corps of Engineers Contract For Munitions Response Geophysics

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Parsons Corporation (PSN) has been awarded a $21 million contract by the United States Army Corps of Engineers (USACE) Los Angeles District for advanced geophysical classification (AGC) data collection and analysis at the Camp San Luis Obispo (CSLO) Munitions Response Site (MRS) 05. Parsons will serve as a subcontractor to the prime contractor PIKA-Insight joint venture (JV) LLC for a five-year contract, demonstrating its expertise in munitions response geophysics and AGC solutions.
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Parsons Wins 2023 National Design-Build Merit Award

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Parsons Corporation (PSN) wins the DBIA 2023 National Design-Build Merit Award for the SH 249 project in Texas, receiving praise for improving mobility and safety, connecting suburban communities, and achieving substantial completion nine months ahead of schedule.
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FAQ

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

The current stock price of Parsons Corporation (PSN) is $97.4 as of November 15, 2024.

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

The market cap of Parsons Corporation (PSN) is approximately 10.3B.

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.

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Parsons Corporation

NYSE:PSN

PSN Rankings

#834 Ranked by Market Cap
N/A Ranked by Dividends

PSN Stock Data

10.33B
106.19M
0.88%
102.71%
2.93%
Information Technology Services
Services-computer Integrated Systems Design
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United States of America
CENTREVILLE