PSN Parsons

Parsons’ AI Technology Recognized in City of Chicago’s Smart 50 Award

Parsons’ AI Technology Recognized in City of Chicago’s Smart 50 Award

Parsons and Miovision delivered the first connected vehicle technology for the city

CHANTILLY, Va., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) congratulates the City of Chicago on winning the prestigious Smart 50 Award for their Connected Vehicle Corridor pilot project. Launched in December 2021, this pilot is the first deployment of connected vehicle technology in Chicago and is an ongoing collaborative effort between the City of Chicago, the Chicago Transit Authority, Parsons, and Miovision.

Focused on improving pedestrian safety, the pilot uses artificial intelligence and connected vehicle data to evaluate solutions for pedestrian detection and delivering safety messages to drivers for pedestrian awareness, resulting in more efficient traffic flow and increased community safety.

"As a proud partner of the City of Chicago, we are thrilled to see the Connected Vehicle Corridor pilot recognized with a Smart 50 Award," said Mark Fialkowski, president, Infrastructure North America for Parsons. "This project is a great example of how innovative AI technology can help make our cities safer and more efficient for everyone. We're excited to continue working with the City of Chicago on expanding this project and bringing connected vehicle technologies to benefit even more communities."

On-board units (OBU) were installed on ten city fleet vehicles and five city buses to alert the driver of pedestrians in the crosswalks. This safety measure is in direct response to large vehicles fatally striking pedestrians during blind spot turning movements. Video analytic cameras detect all road users and enable intersections to operate more efficiently by providing data for improved signal timing.

The initial corridor is part of Chicago’s dense and urban South Loop, extending over 1.4 miles and includes 13 signalized intersections. The Smart 50 Awards - in partnership with Smart Cities Connect and Smart Cities Connect Foundation - annually recognize global smart cities projects, honoring the most innovative and influential work. For more information on the Smart 50 Awards, visit .

To learn more about Parsons’ smart mobility capabilities, visit .

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 and follow us on and to learn how we're making an impact.

Media Contact:

Chelsie McKittrick

+1 512.719.6877

Investor Relations Contact:

Dave Spille

+1 703.775.6191



EN
06/11/2023

Underlying

PSNParsons

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Parsons

 PRESS RELEASE
Free
PSN PARSONS

U.S. Cyber Command Issues Parsons’ Subsidiary Intent to Award for Join...

U.S. Cyber Command Issues Parsons’ Subsidiary Intent to Award for Joint Cyber Hunt Kit (JCHK) Production SealingTech, a Parsons company, was competitively selected for the $500 million contract CHANTILLY, Va., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE: PSN), and leading defensive cyber operations solution provider, received an Intent to Award notification from the United States Cyber Command (USCYBERCOM) for a sole-source contract to begin production on the company’s Joint Cyber Hunt Kit solution. The three-year period of p...

February 18, 2026 1 EN
 PRESS RELEASE
Free
PSN PARSONS

Parsons to Present at the Barclays 43rd Annual Industrial Select Confe...

Parsons to Present at the Barclays 43rd Annual Industrial Select Conference CHANTILLY, Va., Feb. 13, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, chair, president, and chief executive officer, and Matt Ofilos, chief financial officer, will participate in a fireside chat question and answer session at the Barclays 43rd Annual Industrial Select Conference on Wednesday, February 18, 2026, at approximately 3:35 p.m. Eastern Time. The presentation will be available live via webcast on the investor relations section of Parsons’ website (). A replay...

February 13, 2026 1 EN
 PRESS RELEASE
Free
PSN PARSONS

Parsons Reports Fourth Quarter and Fiscal Year 2025

Parsons Reports Fourth Quarter and Fiscal Year 2025 Q4 2025 Financial Highlights  Q4 revenue of $1.6 billion decreased 8% year-over-year and 10% on an organic basisTotal revenue growth of 11% and 8% on an organic basis excluding confidential contractNet income of $56 million increased 3% year-over-year, a fourth quarter recordRecord adjusted EBITDA of $153 million increased 5%; adjusted EBITDA margin of 9.6%Cash flow from operations increased 32% to $168 millionBook-to-bill ratio of 0.9x and continued streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPO Fiscal Ye...

February 11, 2026 1 EN
 PRESS RELEASE
Free
PSN PARSONS

Parsons Awarded $125M Contract to Support the U.S. Army Combat Capabil...

Parsons Awarded $125M Contract to Support the U.S. Army Combat Capabilities Development Command Army Research Laboratory CHANTILLY, Va., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded a $125 million single-award Task Order contract over five years to support the U.S. Army Combat Capabilities Development Command (DEVCOM) Army Research Laboratory (ARL), High Performance Computing Modernization Program (HPCMP), and Defense Research and Engineering Network (DREN). This recompeted award highlights Parsons’ commitment to advancing research and development in ...

February 10, 2026 1 EN
 PRESS RELEASE
Free
PSN PARSONS

Parsons Secures $91 Million Contract Extension for U.S. Diplomatic Mis...

Parsons Secures $91 Million Contract Extension for U.S. Diplomatic Mission Security Worldwide CHANTILLY, Va., Feb. 09, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced the company secured a $91 million contract extension for the Overseas Security Installation Services (OSIS II) contract administered by the U.S. Department of State. This is the seventh option year award of a 10-year contract, and part of the broader nearly $1.12 billion OSIS II contract. The extension underscores Parsons’ consistent performance and long-standing reputation as a reliable partner in deliver...

February 9, 2026 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch