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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

S&P Dow Jones and MSCI Change Parsons’ GICS Code to Research and Consulting Services

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Parsons Corporation (NYSE: PSN) has had its Global Industry Classifications Standard (GICS®) Code changed to Research and Consulting Services by S&P Dow Jones Indices and MSCI, recognizing its status as a leading professional services provider. This change reflects Parsons' commitment to environmental, social, and governance (ESG) and its dedication to maintaining high standards of performance, accuracy, and transparency while pursuing its climate goals.
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Parsons Earns Top Score in Human Rights Campaign Foundation’s Corporate Equality Index

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Parsons Corporation (PSN) has been recognized with a score of 100 on the 2023 - 2024 Corporate Equality Index (CEI) by the Human Rights Campaign Foundation for its active support and inclusion of the LGBTQ+ community. This marks the company's continuous leadership in LGBTQ+ rights and workplace equality. Parsons' commitment to diversity, equity, and inclusion is evident through its DEI program and employee resource groups, promoting collaboration and intersectionality.
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Parsons to Present at the Raymond James TMT & Consumer Conference

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Parsons Corporation (NYSE: PSN) to present at Raymond James TMT & Consumer Conference. Carey Smith, chair, president, and CEO, and Matt Ofilos, CFO, to participate in a fireside chat Q&A session on December 5, 2023, at 9:10 am ET. Webcast available on Parsons' investor relations website.
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Parsons to Present at the UBS Industrials Summit

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Parsons Corporation (PSN) to participate in UBS Industrials Summit investor conference. CEO and CFO to present at fireside chat on November 29, 2023, with webcast available on company's investor relations website.
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InfiniteTactics, together with Sealing Technologies partner to introduce the Mobile Tactical Edge High-Performance Computing Solution for Defense and Law Enforcement

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Parsons Company (NYSE: PSN) and Sealing Technologies, a Parsons Company, have partnered to launch the Mobile Tactical Edge HPC, a cutting-edge platform for AI, ML, Modeling Simulation, and Analytics processing for national security and industry. The collaboration brings together the expertise of two veteran-founded businesses, empowering analytics teams with advanced AI and ML capabilities. The Mobile Tactical Edge HPC is equipped with the latest NVIDIA AI GPU, the A100, an NVIDIA BlueField-2 DPU, and a 64-core AMD processor, offering unmatched computational power in a compact form factor designed for ease of deployment. It revolutionizes frontline operations, real-time threat assessment, and global collaboration, setting a new standard in efficiency and security.
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Parsons Included on $5 Billion Contract to Revitalize Puerto Rico’s Power System

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Parsons Corporation (NYSE: PSN) secures $5 billion contract for Puerto Rico Power System Stabilization Project with the United States Army Corps of Engineers. The contract includes a base performance period of five years and represents new work for the company. Parsons will compete for task orders to provide temporary power generation for the stabilization of Puerto Rico’s power grid, supporting the government’s request for assistance and aiding residents of the island as they recover from natural disasters.
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Ohio Department of Transportation Taps Honda to Lead Two-year Project to Advance Road Condition Management System

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Honda (NYSE: HMC) to pilot advanced prototype of road condition management system in partnership with i-Probe Inc., The University of Cincinnati, and Parsons Corporation, backed by a $700,000 investment from the Ohio Department of Transportation (ODOT). The system aims to use vehicle-generated data to identify and report hazardous road conditions in Ohio, enhancing safety and reducing vehicle damage costs.
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Parsons Awarded $91 Million Cyber Capabilities Contract

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Parsons Corporation (NYSE: PSN) has been awarded a $91 million contract by the United States Cyber Command (CYBERCOM) to provide services for the J9 PEO Cyber and Joint Cyber Warfighting Architecture Integration Office. The contract includes a 12-month base year and four 12-month option years. Parsons will use their Digital Engineering Framework to support the analysis, integration, development, and delivery of the Joint Cyber Warfighting Architecture.
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Parsons’ AI Technology Recognized in City of Chicago’s Smart 50 Award

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Parsons Corporation congratulates the City of Chicago on winning the Smart 50 Award for their Connected Vehicle Corridor pilot project. The pilot uses AI and connected vehicle data to improve pedestrian safety and traffic flow. On-board units were installed on city fleet vehicles and buses to alert drivers of pedestrians in crosswalks.
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Parsons’ Carey Smith Named Government Contracting Executive of the Year

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Carey Smith, Chair, President, and CEO of Parsons Corporation, was named 'Executive of the Year' at the 21st Annual Greater Washington Government Contractor Awards. The event recognizes leadership and excellence in the government contracting community. Smith joined Parsons in 2016 and has led the company to achieve record financial metrics and become a leader in six core markets.
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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.

Stock PSN logo
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