PSN Parsons

Parsons Selected to Maintain Advanced Transportation Operation Technology for Transportation Customer

Parsons Selected to Maintain Advanced Transportation Operation Technology for Transportation Customer

CHANTILLY, Va., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been awarded nearly $46M to oversee Operations Technology Maintenance Services for an East Coast strategic transportation customer.

“We are proud to apply our cutting-edge technologies to improve service delivery,” said Mark Fialkowski, president of Infrastructure North America for Parsons. “As leaders in digital transformation, our capabilities will enhance and streamline our program management delivery model, providing premier transportation technology services and solutions.”

This project includes both preventative and reactive maintenance and spare parts inventory for all project elements. Maintaining roadway technology systems and devices helps enable peak performance and state of good repair, effectively monitoring and managing roadway traffic incidents. These devices include traffic signals, ITS devices, and network infrastructure. In addition to utilizing the state’s existing maintenance management systems to manage the day-to-day program work, Parsons will explore the application of digital twins and AI to help improve scheduling and service reliability.

Parsons has decades of experience designing, delivering, and protecting the infrastructure that connects our communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways. Our experience includes more than 10,000 miles of roadways, 4,500 bridges, and more than 50 advanced traffic management system deployments that help cities and states improve safety and travel efficiency while also reducing emissions and energy costs to enhance the quality of life in the communities we serve.

To learn more about Parsons’ transportation expertise, 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:                                        

Lexus K. White

+1 980.253.9781

Investor Relations Contact:

Dave Spille

+ 1 703.775.6191



EN
22/08/2024

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

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
 PRESS RELEASE
Free
PSN PARSONS

Parsons’ C-UAS DroneArmor™ Deployed to Protect U.S. Border and Nationa...

Parsons’ C-UAS DroneArmor™ Deployed to Protect U.S. Border and National Security CHANTILLY, Va., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that DroneArmor™, the company’s counter-unmanned aircraft system (C-UAS), has been deployed by a Federal national security customer to enhance security and protect personnel, communities, and critical infrastructure along the United States southern border. The proven, military-grade command and control (C2) system is purpose-built to provide streamlined and autonomous C-UAS protection. DroneArmor™, a Technology ...

February 4, 2026 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch