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    Parsons Corporation

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    $PSN
    EDP Services
    Technology

    Parsons Corporation provides technology based solutions in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. It operates through two segments, Federal Solutions and Critical Infrastructure. The company offers cyber security and intelligence services, as well as offensive and defensive cybersecurity platforms, tools, and operations to U.S. Department of Defense and the United States intelligence community; space and geospatial solutions, such as geospatial intelligence, threat analytics, space situational awareness, small satellite launch and integration, satellite ground systems, fight dynamics, and command, and control solutions to the National Geospatial-Intelligence Agency, National Reconnaissance Office, and multiple units within the U.S. Department of Defense. It also provides missile defense and C5ISR solutions, such as integrated air and missile defense, data fusion and analytics, platform system integration, directed energy, joint all-domain operations, and command and control systems to Defense Intelligence Agency and U.S. Department of Defense; technology services for complex energy production systems, aviation, healthcare and bio-surveillance systems, and environmental systems and associated infrastructure, as well as nuclear waste processing and treatment, weapons of mass destruction elimination, program and project management, infectious disease control analytics, and data protection solutions. In addition, the company offers intelligent transportation system management, aviation, rail and transit systems, smart cities software, and critical infrastructure cyber protection to the transportation authorities, rail, and transit entities; engineering services for complex infrastructure; and program management, and environmental solutions to private-sector industrial clients and public utilities. Parsons Corporation was founded in 1944 and is headquartered in Centreville, Virginia.

    IPO Year: 2019

    Exchange: NYSE

    Website: parsons.com

    Peers

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    Recent Analyst Ratings for Parsons Corporation

    DatePrice TargetRatingAnalyst
    7/8/2025$90.00Mkt Perform → Strong Buy
    Raymond James
    6/24/2025$81.00Buy
    Stifel
    5/5/2025$65.00Buy → Hold
    Jefferies
    5/1/2025$69.00Outperform → Neutral
    Robert W. Baird
    2/21/2025Outperform → Mkt Perform
    William Blair
    2/21/2025$105.00Buy → Hold
    TD Cowen
    2/18/2025Mkt Perform → Outperform
    William Blair
    1/23/2025Outperform → Mkt Perform
    William Blair
    1/2/2025Outperform → Mkt Perform
    Raymond James
    12/12/2024$103.00 → $111.00Neutral → Buy
    Goldman
    See more ratings

    Parsons Corporation SEC Filings

    See more
    • Parsons Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement

      8-K - PARSONS CORP (0000275880) (Filer)

      6/5/25 5:00:40 PM ET
      $PSN
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    • Parsons Corporation filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

      8-K - PARSONS CORP (0000275880) (Filer)

      6/2/25 5:30:24 PM ET
      $PSN
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    • SEC Form 10-Q filed by Parsons Corporation

      10-Q - PARSONS CORP (0000275880) (Filer)

      4/30/25 6:35:23 AM ET
      $PSN
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    • Parsons Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - PARSONS CORP (0000275880) (Filer)

      4/30/25 6:30:10 AM ET
      $PSN
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    • Parsons Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

      8-K - PARSONS CORP (0000275880) (Filer)

      4/16/25 5:12:48 PM ET
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    • SEC Form 8-K filed by Parsons Corporation

      8-K - PARSONS CORP (0000275880) (Filer)

      3/24/25 5:15:50 PM ET
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    • SEC Form DEF 14A filed by Parsons Corporation

      DEF 14A - PARSONS CORP (0000275880) (Filer)

      3/5/25 6:30:22 AM ET
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    • SEC Form 10-K filed by Parsons Corporation

      10-K - PARSONS CORP (0000275880) (Filer)

      2/19/25 6:35:32 AM ET
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    • Parsons Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - PARSONS CORP (0000275880) (Filer)

      2/19/25 6:30:08 AM ET
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    • SEC Form 10-Q filed by Parsons Corporation

      10-Q - PARSONS CORP (0000275880) (Filer)

      10/30/24 6:33:29 AM ET
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    Parsons Corporation Insider Purchases

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    • Director Mcmahon Harry T. bought $470,131 worth of shares (8,064 units at $58.30), increasing direct ownership by 21% to 45,953 units (SEC Form 4)

      4 - PARSONS CORP (0000275880) (Issuer)

      3/4/25 4:30:13 PM ET
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    Parsons Corporation Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    • Parsons upgraded by Raymond James with a new price target

      Raymond James upgraded Parsons from Mkt Perform to Strong Buy and set a new price target of $90.00

      7/8/25 8:23:24 AM ET
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    • Stifel resumed coverage on Parsons with a new price target

      Stifel resumed coverage of Parsons with a rating of Buy and set a new price target of $81.00

      6/24/25 8:09:17 AM ET
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    • Parsons downgraded by Jefferies with a new price target

      Jefferies downgraded Parsons from Buy to Hold and set a new price target of $65.00

      5/5/25 8:29:42 AM ET
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    • Parsons downgraded by Robert W. Baird with a new price target

      Robert W. Baird downgraded Parsons from Outperform to Neutral and set a new price target of $69.00

      5/1/25 7:44:23 AM ET
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    • Parsons downgraded by William Blair

      William Blair downgraded Parsons from Outperform to Mkt Perform

      2/21/25 8:54:16 AM ET
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    • Parsons downgraded by TD Cowen with a new price target

      TD Cowen downgraded Parsons from Buy to Hold and set a new price target of $105.00

      2/21/25 6:58:05 AM ET
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    • Parsons upgraded by William Blair

      William Blair upgraded Parsons from Mkt Perform to Outperform

      2/18/25 7:13:10 AM ET
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    • Parsons downgraded by William Blair

      William Blair downgraded Parsons from Outperform to Mkt Perform

      1/23/25 7:54:03 AM ET
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    • Parsons downgraded by Raymond James

      Raymond James downgraded Parsons from Outperform to Mkt Perform

      1/2/25 8:06:04 AM ET
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    • Parsons upgraded by Goldman with a new price target

      Goldman upgraded Parsons from Neutral to Buy and set a new price target of $111.00 from $103.00 previously

      12/12/24 8:14:38 AM ET
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    Parsons Corporation Insider Trading

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    • Director Wajsgras David C was granted 490 shares, increasing direct ownership by 1% to 35,756 units (SEC Form 4)

      4 - PARSONS CORP (0000275880) (Issuer)

      7/3/25 4:15:12 PM ET
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    • Director Leer Steven F was granted 623 shares, increasing direct ownership by 2% to 28,645 units (SEC Form 4)

      4 - PARSONS CORP (0000275880) (Issuer)

      7/3/25 4:15:08 PM ET
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    • Director Mitchell M Christian was granted 2,682 shares, increasing direct ownership by 11% to 26,971 units (SEC Form 4)

      4 - PARSONS CORP (0000275880) (Issuer)

      4/17/25 4:30:50 PM ET
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    • Director Mcdew Darren W was granted 2,682 shares, increasing direct ownership by 14% to 22,228 units (SEC Form 4)

      4 - PARSONS CORP (0000275880) (Issuer)

      4/17/25 4:30:40 PM ET
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    • Director Lord Ellen M. was granted 2,682 shares, increasing direct ownership by 30% to 11,650 units (SEC Form 4)

      4 - PARSONS CORP (0000275880) (Issuer)

      4/17/25 4:30:43 PM ET
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    • Director Leer Steven F was granted 2,682 shares, increasing direct ownership by 11% to 28,022 units (SEC Form 4)

      4 - PARSONS CORP (0000275880) (Issuer)

      4/17/25 4:30:45 PM ET
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    • Director Wajsgras David C was granted 2,682 shares, increasing direct ownership by 8% to 35,266 units (SEC Form 4)

      4 - PARSONS CORP (0000275880) (Issuer)

      4/17/25 4:30:46 PM ET
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    • Director Ball George L. was granted 2,682 shares, increasing direct ownership by 2% to 137,436 units (SEC Form 4)

      4 - PARSONS CORP (0000275880) (Issuer)

      4/17/25 4:30:42 PM ET
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    • Director Holdsworth Mark Keith was granted 2,682 shares, increasing direct ownership by 11% to 26,971 units (SEC Form 4)

      4 - PARSONS CORP (0000275880) (Issuer)

      4/17/25 4:30:48 PM ET
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    • Director Vautrinot Suzanne M was granted 2,682 shares, increasing direct ownership by 11% to 26,971 units (SEC Form 4)

      4 - PARSONS CORP (0000275880) (Issuer)

      4/17/25 4:30:33 PM ET
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    Parsons Corporation Press Releases

    Fastest customizable press release news feed in the world

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    • Parsons-Versar Joint Venture Awarded $75 Million U.S. Army Corps of Engineers Construction Management Contract

      CHANTILLY, Va., July 24, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company's joint venture (JV) with Versar was awarded a $75 million single award delivery order contract by the United States Army Corps of Engineers (USACE) Middle East District for construction phase support services (CPSS). The contract includes a three-year base period of performance and a two-year option period. Parsons serves as the JV managing partner. Under this contract, Parsons-Versar will continue providing construction management services that advance a sustained USACE presence in the Central Command Area of Responsibility and provide support to both Foreign Military Sales

      7/24/25 6:25:00 AM ET
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    • Parsons Corporation Launches BlueFly™

      CHANTILLY, Va., July 21, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN), a leader in technology-driven solutions, is proud to announce the development of BlueFly™, an innovative search and rescue sensor that enhances the capabilities of emergency response teams. Designed with state-of-the-art technology and affordability in mind, BlueFly™ aims to revolutionize how agencies conduct search and rescue missions in challenging and remote environments. Developed by QRC®, a Parsons Company, the BlueFly™ platform leverages the latest advancements in Bluetooth low-energy detection to provide real-time situational awareness support for drone operator first responders. This comprehensiv

      7/21/25 6:25:00 AM ET
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    • Parsons Wins ACEC New York Diamond Award for Brooklyn Bridge Rehabilitation Project

      CHANTILLY, Va., July 17, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) is proud to announce that its leadership as prime design consultant on the Brooklyn Bridge Rehabilitation Project has been honored with the prestigious Diamond Award in the Structural Systems category from the American Council of Engineering Companies (ACEC) of New York (NY). This award represents the highest recognition given by ACEC NY and celebrates projects that demonstrate innovation, technical excellence, and benefit to the public. This award places the Brooklyn Bridge Rehabilitation among North America's most distinguished infrastructure projects. Submitted under the name The Restoration of an Am

      7/17/25 6:25:00 AM ET
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    • SealingTech Launches Its Largest Storage-Focused High-Performance Server

      COLUMBIA, Md., July 16, 2025 /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE:PSN), and leading defensive cyber operations solution provider, has developed a new breakthrough storage-focused purpose-built server. The SN 9000 is designed to act as the primary forward deployed network sensor and storage solution for combat operations at the Edge. Designed with up to 2.7 Petabytes (2700TB) of storage capacity and able to incorporate 22 U.2 NVMe SSD drives, the SN 9000 delivers enhanced storage flexibility for the most demanding workloads and

      7/16/25 4:15:00 PM ET
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    • Parsons Celebrates Infrastructure Excellence in Missouri with Award on I-270 Project

      CHANTILLY, Va., July 10, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) is proud to announce that its role as lead designer for the I-270 North Design-Build Project has been honored with the prestigious Engineering Excellence Award by the American Council of Engineering Companies (ACEC) of Missouri. In addition to this top state honor, the project also received national recognition through the 2025 ACEC Engineering Excellence Awards, underscoring its significance as one of the country's most innovative and impactful infrastructure projects. The I-270 North Design-Build Project, with a total construction value of $252 million, represents the largest undertaking by the Missouri Dep

      7/10/25 6:25:00 AM ET
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      EDP Services
      Technology
    • SealingTech Boosts Production of DoD Cyber Hunt Kits with NCS Technologies

      New agreement enables 5x production increase to support growing defense demand COLUMBIA, Md., July 9, 2025 /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE:PSN), and leading defensive cyber operations solution provider for U.S. national security missions, is teaming with NCS Technologies to produce its Cyber Hunt Kits for the Department of Defense (DoD). SealingTech & NCS collaboration boosts Cyber Hunt Kit production 5x to meet defense mission demand with speed, scale."Leveraging NCS's nearly 30-year large scale U.S. Government manufactu

      7/9/25 7:00:00 AM ET
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    • Dubai's RTA Selects Parsons As Project Management Consultant For Dubai Metro Blue Line Project

      CHANTILLY, Va., July 08, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been appointed as the Project Management Consultant on the Dubai Metro Blue Line project by the government of Dubai's Roads and Transport Authority (RTA). The contract represents new work for Parsons and spans five years. Under the contract, Parsons will provide comprehensive project management services including design review, procurement support, construction supervision, testing and commissioning oversight, and project handover management. The Dubai Metro Blue Line, expected to commence operations in 2029, is a key component of Dubai's D33 Economic Agenda, which

      7/8/25 6:00:00 AM ET
      $PSN
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    • Parsons to Announce Second Quarter 2025 Financial Results on August 6, 2025

      CHANTILLY, Va., July 03, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release second quarter 2025 financial results before the markets open on Wednesday, August 6, 2025. The company will host a conference call at 8:00 a.m. Eastern Time that day 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 (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximately two hours after

      7/3/25 6:25:00 AM ET
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    • Parsons Acquires Chesapeake Technologies International

      CHANTILLY, Va., July 01, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has acquired Maryland-based Chesapeake Technologies International, Corp (CTI), a portfolio company of Bluestone Investment Partners, in a transaction valued at $89 million. Founded in 2000, CTI strengthens Parsons' defense customer posture with the Special Operations forces and enhances Parsons' position in the Indo-Pacific Command (INDOPACOM) area of operations. CTI brings extensive capabilities as an all-domain technology solutions provider, powered by cutting-edge products that enhance the warfighters' ability to sense, evaluate and deliver effects within the invisible battlespaces.

      7/1/25 6:30:00 AM ET
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    • Parsons Corporation is Ready Now to Build America's Brand New, State Of-The-Art Air Traffic Control System

      CHANTILLY, Va., June 24, 2025 (GLOBE NEWSWIRE) -- Today, Parsons Corporation (NYSE:PSN) and IBM (NYSE:IBM) announced a collaboration to deliver on President Donald Trump's and Transportation Secretary Sean Duffy's vision for a brand new, state of-the-art air traffic control system. This collaboration directly responds to Secretary Duffy's call for world-class innovators to rapidly spearhead the overhaul of the Federal Aviation Administration's (FAA) National Airspace System (NAS), prioritizing an open vendor agnostic approach that enables the agency to leverage the latest technologies and continuously improve their systems based on real-time feedback and evolving needs. Parsons would serve

      6/24/25 7:30:00 AM ET
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    Parsons Corporation Large Ownership Changes

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    • SEC Form SC 13G/A filed by Parsons Corporation (Amendment)

      SC 13G/A - PARSONS CORP (0000275880) (Subject)

      2/5/24 2:21:56 PM ET
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    • SEC Form SC 13G/A filed by Parsons Corporation (Amendment)

      SC 13G/A - PARSONS CORP (0000275880) (Subject)

      2/10/23 1:22:09 PM ET
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    • SEC Form SC 13G/A filed by Parsons Corporation (Amendment)

      SC 13G/A - PARSONS CORP (0000275880) (Subject)

      2/11/22 3:48:43 PM ET
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    • SEC Form SC 13G/A filed

      SC 13G/A - PARSONS CORP (0000275880) (Subject)

      2/11/21 10:18:38 AM ET
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    Parsons Corporation Financials

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    • Parsons to Announce Second Quarter 2025 Financial Results on August 6, 2025

      CHANTILLY, Va., July 03, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release second quarter 2025 financial results before the markets open on Wednesday, August 6, 2025. The company will host a conference call at 8:00 a.m. Eastern Time that day 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 (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximately two hours after

      7/3/25 6:25:00 AM ET
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    • Parsons Reports Record First Quarter 2025 Results

      Q1 2025 Financial Highlights Record Q1 revenue of $1.6 billion increases 1% year-over-year; decreases 2% on an organic basis11% revenue growth excluding confidential contract; increases 7% on an organic basisRecord Q1 net income of $66 million increases $26 million year-over-yearRecord Q1 earnings per share increases 61% to $0.60Record Q1 adjusted EBITDA increases by 5% to $149 million; record adjusted EBITDA margin of 9.6% increases 40 basis pointsStrong book-to-bill ratio of 1.1x supported by a 1.4x ratio in the company's Critical Infrastructure segmentTotal backlog increases to $9.1 billion, a company recordReiterating fiscal year 2025 guidance ranges for all financial metrics CHANTILLY

      4/30/25 6:30:00 AM ET
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    • Parsons to Announce First Quarter 2025 Financial Results on April 30, 2025

      CHANTILLY, Va., April 03, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release first quarter 2025 financial results before the markets open on Wednesday, April 30, 2025. The company will host a conference call at 8:00 a.m. Eastern Time that day 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 (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximately two hours after

      4/3/25 4:25:00 PM ET
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    • Parsons Reports Record Results Since IPO for the Fourth Quarter and Fiscal Year 2024

      Fourth Quarter Financial Highlights Record revenue of $1.7 billion increases 16% year-over-yearOrganic revenue growth of 14%; eighth consecutive quarter of double-digit organic growthRecord net income of $54 million increases 21%Record adjusted EBITDA of $147 million increases 14%Cash flow from operations of $127 millionRecord contract awards increase 34% year-over-year to $1.7 billion Record Fiscal Year 2024 Highlights Record revenue of $6.8 billion, representing total growth of 24% year-over-year and organic growth of 22%Record net income of $235 million increases 46%Record adjusted EBITDA of $605 million increases 30%Record cash flow from operations increases 28% to $524 millionRecord

      2/19/25 6:30:00 AM ET
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    • Parsons Acquires TRS Group, Inc.

      CHANTILLY, Va., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has acquired TRS Group, Inc. (TRS), an environmental solutions firm that specializes in remediation technology, in an all-cash transaction valued at $36 million. This transaction benefits both Parsons' Federal Solutions and Critical Infrastructure segments. Formed in 2000, TRS is an industry leader in per and polyfluoroalkyl substances (PFAS), thermal, and holistic environmental remediation, having cleaned hazardous and toxic substances from soil, groundwater, and fire suppression systems for global clients. The company has successfully completed more than 160 in situ thermal remediati

      2/4/25 7:00:00 AM ET
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    • Parsons Awarded Option Year on Confidential Program

      CHANTILLY, Va., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company was awarded a contract for a one-year option period on a confidential program in January 2025.  This contract was noted as pending during the company's third quarter 2024 earnings conference call. About Parsons Parsons (NYSE:PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to lea

      1/23/25 9:26:43 AM ET
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    • Parsons to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on February 19, 2025

      CHANTILLY, Va., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release fourth quarter and fiscal year 2024 financial results before the markets open on Wednesday, February 19, 2025. The company will host a conference call at 8:00 a.m. Eastern Time that day 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 (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximat

      1/6/25 7:25:00 AM ET
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    • Parsons Reports Record Results Since IPO for the Third Quarter of 2024

      Q3 2024 Financial Highlights Record revenue of $1.8 billion increases 28% year-over-yearRecord organic revenue growth of 26%, including six consecutive quarters with year-over-year organic growth above 20%Record net income increases 52% to $72 millionRecord adjusted EBITDA increases 31% to $167 millionRecord cash flow from operations increases by $95 million to $299 million; record trailing twelve-month operating cash flow of $587 million increases 91% over the prior twelve-month periodContract awards increase 24% to $1.8 billion, a third quarter recordAnnounced and closed BlackSignal Technologies acquisitionAfter Q3 2024 ended, Parsons entered into a definitive agreement to acquire BCC Eng

      10/30/24 6:30:00 AM ET
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    • Parsons to Announce Third Quarter 2024 Financial Results on October 30, 2024

      CHANTILLY, Va., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release third quarter 2024 financial results before the markets open on Wednesday, October 30, 2024. The company will host a conference call at 8:00 a.m. Eastern Time that day 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 (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximately two hours

      9/30/24 7:25:00 AM ET
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    • Parsons Reports Record Results Since IPO for the Second Quarter of 2024

      Q2 2024 Financial Highlights Record revenue of $1.7 billion increases 23% year-over-yearStrong second quarter organic revenue growth of 22%, including five consecutive quarters with year-over-year organic growth above 20%Record net income of $69 million increases 60%Record adjusted EBITDA increases 27% to $150 millionRecord cash flow from operations increases $138 million to $161 million; record trailing twelve-month operating cash flow of $492 million increases 117% over the prior twelve-month periodAfter Q2 2024 ended, Parsons entered into a definitive agreement to acquire BlackSignal TechnologiesIncreasing fiscal year 2024 guidance ranges for all financial metrics CHANTILLY, Va., July

      7/31/24 6:30:00 AM ET
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    Parsons Corporation Leadership Updates

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    • Dubai's RTA Selects Parsons As Project Management Consultant For Dubai Metro Blue Line Project

      CHANTILLY, Va., July 08, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been appointed as the Project Management Consultant on the Dubai Metro Blue Line project by the government of Dubai's Roads and Transport Authority (RTA). The contract represents new work for Parsons and spans five years. Under the contract, Parsons will provide comprehensive project management services including design review, procurement support, construction supervision, testing and commissioning oversight, and project handover management. The Dubai Metro Blue Line, expected to commence operations in 2029, is a key component of Dubai's D33 Economic Agenda, which

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      Technology
    • Parsons Acquires Chesapeake Technologies International

      CHANTILLY, Va., July 01, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has acquired Maryland-based Chesapeake Technologies International, Corp (CTI), a portfolio company of Bluestone Investment Partners, in a transaction valued at $89 million. Founded in 2000, CTI strengthens Parsons' defense customer posture with the Special Operations forces and enhances Parsons' position in the Indo-Pacific Command (INDOPACOM) area of operations. CTI brings extensive capabilities as an all-domain technology solutions provider, powered by cutting-edge products that enhance the warfighters' ability to sense, evaluate and deliver effects within the invisible battlespaces.

      7/1/25 6:30:00 AM ET
      $PSN
      EDP Services
      Technology
    • Parsons Selected As Delivery Partner For King Salman International Airport

      CHANTILLY, Va., May 13, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today, on the sidelines of the Saudi-US Investment Forum in Riyadh, that the company has been awarded two Delivery Partner (DP) contracts by the King Salman International Airport Development Company (KSIADC) which is owned by the Public Investment Fund. These significant contracts represent new work for the company and span the initial four years of the airport's multi-year development. The first contract is for airfield assets and includes the runways, taxiways, aircraft parking areas, and air traffic control towers. The second contract is for landside infrastructure packages including roads,

      5/13/25 4:05:00 PM ET
      $PSN
      EDP Services
      Technology
    • King Salman Park Foundation Selects Parsons for Project Management Office Services

      CHANTILLY, Va., April 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has been awarded a contract for Project Management Office (PMO) services by the King Salman Park Foundation for King Salman Park. This 25-month contract marks new work for Parsons. King Salman Park is one of the world's most unique urban transformation projects, featuring 11.6 sq km of green space and over 10 sq km of built-up area. The Park includes cultural landmarks such as the Royal Arts Complex and a vibrant 7.2 km pedestrian walkway known as The Loop, among many other assets. All these elements are designed to support Saudi Vision 2030's "Quality of Life" Program. Parsons' respo

      4/23/25 4:15:00 PM ET
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      EDP Services
      Technology
    • Parsons Ranks 8th on Forbes' Most Trusted Companies in America 2025 List

      CHANTILLY, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) was named the 8th Most Trusted Company in America 2025 according to Forbes' listing of the Most Trusted Companies in America. Created in partnership with research companies HundredX, Signal AI and Glassdoor, Forbes' list combines data on a wide range of factors across four categories: employee trust, customer trust, investor trust, and media sentiment. More than 2,000 public companies based in the United States were eligible. Parsons is the only member of its peer group in the top 10. "Every day, our more than 19,000 global employees extend the company's outstanding 80-year history of excellence, innovation,

      12/9/24 12:00:00 PM ET
      $PSN
      EDP Services
      Technology
    • Parsons Awarded $53M 3-Year Contract For Roads Program In Riyadh, Saudi Arabia

      CHANTILLY, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been awarded a $53 million, three-year contract by the Royal Commission for Riyadh City (RCRC) in Saudi Arabia for program management office (PMO) services on its Main and Ring Roads Program. "We are proud to call the RCRC a long-standing client of ours and are honored to be working on the Main and Ring Roads Program alongside them," said Martin Boson, Senior Vice President and General Manager of Parsons' Saudi Arabian operations. "With Riyadh being the most populated city in Saudi Arabia, the Program plays a fundamental role in facilitating the smooth mobility of people a

      12/9/24 6:30:00 AM ET
      $PSN
      EDP Services
      Technology
    • Riyadh Metro Successfully Delivered by Parsons-Led Joint Venture

      CHANTILLY, Va., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN), announced today that the official inauguration took place on 27 November 2024 for the $27 billion Riyadh Metro. Parsons is one of three consultants working as part of a Parsons-led joint venture known as the Riyadh Metro Transit Consultants (RMTC), along with Egis and SYSTRA, providing project and construction management on two of the Royal Commission for Riyadh City's (RCRC) Riyadh Metro contracts which Parsons has now successfully delivered. "From its inception, the Riyadh Metro was conceived as a transformative project to reshape urban mobility and dramatically improve the lives of residents and visitors

      12/2/24 4:05:00 PM ET
      $PSN
      EDP Services
      Technology
    • Parsons Awarded $25M Contracts for Middle East Transportation Projects

      CHANTILLY, Va., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been awarded two contracts worth $25 million to perform design engineering for a Middle East transportation customer. With the same customer, Parsons has won more than $90 million in contract awards over the last 9 months. Under these contracts, Parsons will lead the design engineering and construction supervision of transportation infrastructure enhancements. The scope includes the development of mobility solutions and their dedicated corridors, roadway capacity upgrades, and public transit initiatives on critical streets to improve urban mobility and reduce congestion. P

      10/16/24 6:00:00 AM ET
      $PSN
      EDP Services
      Technology
    • Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

      NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from

      9/6/24 6:43:00 PM ET
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      $ADMA
      $ADNT
      $AMCX
      Air Freight/Delivery Services
      Consumer Discretionary
      Biotechnology: Biological Products (No Diagnostic Substances)
      Health Care
    • Soudah Development Awards Project Management Consultancy Contract to Parsons

      CHANTILLY, Va., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been awarded a three-year contract for new work by Soudah Development – a real estate development company owned by the Public Investment Fund (PIF) of Saudi Arabia that is driving the development of Soudah Peaks, an upcoming year-round luxury mountain tourism destination set 3,015 meters above sea level on Saudi Arabia's highest peak – for project management consultancy services. Parsons' scope includes all project management and site supervision services for the development of Soudah Peaks which is home to 6 unique development zones: Tahlal, Sahab, Sabrah, Jareen, Rijal, a

      2/20/24 4:05:00 PM ET
      $PSN
      EDP Services
      Technology