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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

GVEC Launches Residential Battery Demand Response Program

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GVEC collaborates with Enphase Energy to launch a battery storage-based demand response program, Peak-Time Payback (PTP), aiming to reduce demand and enhance Texas electric grid resiliency. Members with Enphase IQ batteries receive bill credits and contribute to grid stability. The program builds on GVEC's successful smart thermostat initiative, saving members over $1M in costs. Enphase Energy sees the partnership as a way to introduce cutting-edge energy technology to homeowners.
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Parsons Continues US Air Force Research and Development Support Through $28 Million Task Order

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Parsons (PSN) secures a $28 million contract to provide intelligence, surveillance, and reconnaissance software for the Air Force Research Laboratory's GARDEM program, enhancing national security capabilities.
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NOAA Selects Parsons as System Integrator for Traffic Coordination System for Space

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Parsons (PSN) awarded a $15.5 million contract by NOAA for system integration and cloud management services for the Traffic Coordination System for Space (TraCSS). The contract aims to enhance space situational awareness and space traffic coordination for global spaceflight safety.
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Parsons Wins Position on $1B Contract Supporting DC Metro Projects

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Parsons Corporation (NYSE: PSN) secures a $1 billion contract with WMATA for project and construction management support, continuing their over 50-year partnership. The contract includes a base period of five years and a one-year option period, marking new work for Parsons in delivering innovative transit solutions.
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Parsons Honored As One Of The World’s Most Ethical Companies For 15th Consecutive Year

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Parsons Corporation has been recognized as one of the 2024 World’s Most Ethical Companies by Ethisphere for the 15th consecutive year. The company's commitment to ethics, integrity, and employee engagement has been key to its success and culture of performance.
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Parsons to Present at the Raymond James 45th Annual Institutional Investors Conference

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Parsons Corporation (PSN) to present at Raymond James 45th Annual Institutional Investors Conference with CEO and CFO participating in a fireside chat.
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MPA Delivery Partners Selected for Hudson Tunnel Project, The Most Urgent Infrastructure Project in the U.S.

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Parsons Corporation, in collaboration with Mace and Arcadis, has been selected as the delivery partner for the $16 billion Hudson Tunnel Project by the Gateway Development Commission. The project aims to enhance rail transit capacity, reliability, and resiliency on the Northeast Corridor, benefiting 800,000 daily passengers. With nearly $12 billion in federal funding, this project is a significant investment supported by the Infrastructure Investment and Jobs Act.
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Parsons Wins Seat on $245M U.S. Army Corps of Engineers Contract for Environmental Remediation

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Parsons Corporation (PSN) secures a $245 million contract from the US Army Corps of Engineers for environmental remediation projects funded by the Infrastructure Investment and Jobs Act. The five-year contract aims to address hazardous waste cleanup and protect public health, showcasing Parsons' expertise in environmental solutions.
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Parsons’ $800 Million Convertible Senior Note Offering

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Parsons Corporation (PSN) announced the full exercise of a $100 million option to purchase additional notes, increasing the total principal amount to $800 million. The company also entered into capped call transactions and refreshed its stock repurchase authority. Parsons plans to invest in organic and inorganic growth, focusing on national security and global infrastructure solutions.
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Parsons Announces Pricing Of $700.0 Million Of Convertible Senior Notes Due 2029; Enters into Concurrent Capped Call Transactions to Offset Potential Dilution

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Parsons Corporation (PSN) announced a private offering of $700.0 million of 2.625% convertible senior notes due 2029. The company entered capped call transactions to offset potential dilution and granted initial purchasers an option for an additional $100.0 million. The offering is expected to settle soon.
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FAQ

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

The current stock price of Parsons Corporation (PSN) is $92.54 as of January 10, 2025.

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

The market cap of Parsons Corporation (PSN) is approximately 9.8B.

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.
Stock PSN logo
Parsons Corporation

NYSE:PSN

PSN Rankings

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

PSN Stock Data

9.83B
105.27M
0.87%
100.93%
2.88%
Information Technology Services
Services-computer Integrated Systems Design
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United States of America
CENTREVILLE