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
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/24/2025 | $81.00 | Buy | Stifel |
| 5/5/2025 | $65.00 | Buy → Hold | Jefferies |
| 5/1/2025 | $69.00 | Outperform → Neutral | Robert W. Baird |
| 2/21/2025 | Outperform → Mkt Perform | William Blair | |
| 2/21/2025 | $105.00 | Buy → Hold | TD Cowen |
| 2/18/2025 | Mkt Perform → Outperform | William Blair | |
| 1/23/2025 | Outperform → Mkt Perform | William Blair | |
| 1/2/2025 | Outperform → Mkt Perform | Raymond James | |
| 12/12/2024 | $103.00 → $111.00 | Neutral → Buy | Goldman |
| 10/23/2024 | $115.00 | Strong Buy → Outperform | Raymond James |
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Stifel resumed coverage of Parsons with a rating of Buy and set a new price target of $81.00
Jefferies downgraded Parsons from Buy to Hold and set a new price target of $65.00
Robert W. Baird downgraded Parsons from Outperform to Neutral and set a new price target of $69.00
William Blair downgraded Parsons from Outperform to Mkt Perform
TD Cowen downgraded Parsons from Buy to Hold and set a new price target of $105.00
William Blair upgraded Parsons from Mkt Perform to Outperform
William Blair downgraded Parsons from Outperform to Mkt Perform
Raymond James downgraded Parsons from Outperform to Mkt Perform
Goldman upgraded Parsons from Neutral to Buy and set a new price target of $111.00 from $103.00 previously
Raymond James downgraded Parsons from Strong Buy to Outperform and set a new price target of $115.00
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.
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
CHANTILLY, Va., June 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company was ranked #1 on Engineering News-Record's (ENR) annual list of Top 50 Program Management Firms. This ranking, which is two spaces ahead of the company's spot from the 2024 list, demonstrates the company's global leadership and top performance in complex program management and program delivery for the world's toughest projects. "Parsons is the world's leading solutions delivery partner," said Carey Smith, chair, president, and CEO for Parsons. "Customers around the world trust Parsons' to deliver results on their most complex and challenging programs, leveraging our depth of e
CHANTILLY, Va., June 19, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company was awarded a $137 million ceiling value contract by the Defense Threat Reduction Agency (DTRA) for cyber operations. The single award was issued under the Assessment, Exercise, Modeling and Simulation, and Support (AEMSS) indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC) with a one-year base period of performance and four one-year option periods plus one six-month option period and is new work for the company. Parsons will provide specialized cyber operations capabilities including cyber assessments and subject matter experts supporting
CHANTILLY, Va., June 16, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company was awarded a $169.5 million single award contract by the United States Army Corps of Engineers (USACE) Norfolk District to provide design-build delivery services for a new Ammonium Nitrate Solution (ANSol) Tank Farm at Holston Army Ammunition Plant (HSAAP). The four-year contract is new work for the company. Under this contract, Parsons will provide integrated delivery services for the ANSol tank farm, enabling the HSAAP to increase storage requirements for ANSol, a byproduct of the explosives manufacturing process. The new tank farm will replace HSAAP's existing storage tank
CHANTILLY, Va., June 12, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) celebrated two station dedications on the new Foothill Gold Line light rail segment between Glendora and Pomona in Southern California's San Gabriel Valley. The 9.1-mile segment achieved substantial completion in January, and the project has been turned over to the Los Angeles County Metropolitan Transportation Authority (Metro) for final testing, training, and preparation for passenger service, which is anticipated to begin later this year. Once operational, the new extension will be renamed, as it will be part of the 48.5-mile Metro A Line system - the longest light rail line in the country, that will carry
CHANTILLY, Va., June 10, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) has been awarded a $94.5 million ceiling value task order under the Air Base Air Defense (ABAD) indefinite delivery, indefinite quantity contract. The task order represents new work for the company, and includes a 12-month base year performance period and two 12-month option periods to deliver separable lines of effort related to the integration, test, fielding, and sustainment of command-and-control and early warning capabilities throughout the U.S. Air Forces in Europe and Air Forces in Africa area of operations. "This task order represents a continuation of our position at the forefront of defending our na
CHANTILLY, Va., June 05, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) is proud to announce that the American Council of Engineering Companies (ACEC) at the national Engineering Excellence Awards (EEA) has awarded the Deer Creek Sanitary Tunnel and Pump Station project a 2025 Honor Award in the Water and Wastewater category. This prestigious recognition highlights Parsons' commitment to delivering transformative engineering solutions that address contemporary challenges and promote a sustainable future. Previously, the project received the Grand Award in the Water and Wastewater category from ACEC Missouri, underscoring its exceptional engineering achievements at the state level
CHANTILLY, Va., June 03, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company was one of seven lead consultants selected by the City of Austin to provide program management services in support of the Rolling Capital Improvement Program and the once-in-a-generation Journey With AUS, the expansion and development program for the Austin-Bergstrom International Airport (AUS). Under the contract, consultants will provide comprehensive program management support services to supplement the City's Department of Aviation staff with qualified professionals in program, project, and construction management to ensure the timely and efficient delivery of projects. "
CHANTILLY, Va., May 30, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) chair, president, and chief executive officer, Carey Smith, will present at Baird's 2025 Global Consumer, Technology & Services Conference on Wednesday, June 4, 2025, at approximately 2:35 p.m. Eastern Time. This presentation will be available live via webcast on the investor relations section of Parsons' website (https://investors.parsons.com/). A replay of the webcast also will be available on the website for 30 days. About Parsons Corporation Parsons (NYSE:PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelli
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