reports
Parsons Awarded $100 Million Contract to Expand Defense Industrial Bas...
Parsons Awarded $100 Million Contract to Expand Defense Industrial Base Munitions Capacity Effort directly supports the DOW’s acquisition strategy by expanding the U.S. munitions production CHANTILLY, Va., Dec. 19, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a task order exceeding $100 million by Nammo to provide design and program and construction management (PM/CM) for a new rocket motor manufacturing facility in Perry, Florida. This project directly supports the Department of War’s (DOW’s) Acquisition Transformation Strategy b...
Parsons Names John Martinez as the Company’s Next Chief Legal Officer
Parsons Names John Martinez as the Company’s Next Chief Legal Officer CHANTILLY, Va., Dec. 18, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) has named proven executive and legal expert John Martinez as the company’s next chief legal officer (CLO), effective February 16, 2026. The announcement follows the notification by current CLO Mike Kolloway to Parsons’ CEO and board of directors of his intent to retire in the second quarter of 2026; Kolloway will remain with the company as an advisor until his retirement to ensure a seamless transition. “John Martinez is one of the most pr...
Parsons Awarded Position on $15 Billion U.S. Air Force Comprehensive C...
Parsons Awarded Position on $15 Billion U.S. Air Force Comprehensive Construction & Engineering Contract CHANTILLY, Va., Dec. 18, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a seat on the U.S. Air Force Comprehensive Construction & Engineering Multiple Award Task Order Contract (MATOC). Managed by the Air Force Civil Engineering Center (AFCEC), this $15 billion ceiling value contract will ensure the readiness and resilience of U.S. Air Force and Department of War facilities. Work will be performed globally, with an initial five-yea...
Parsons Awarded $88M to Provide Systems Engineering and Integration So...
Parsons Awarded $88M to Provide Systems Engineering and Integration Solutions for U.S. Air Forces in Europe and Africa Air Base Air Defense CHANTILLY, Va., Dec. 10, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded an $88 million single-award Task Order contract over three years to support the U.S. Air Forces in Europe - Air Forces Africa (USAFE-AFAFRICA) Air Base Air Defense (ABAD) mission at Ramstein Air Base, Germany. This award brings the company’s total value under the ABAD contract to $192 million in 2025. “Our success on the ABAD mission draws from our team...
Parsons Corporation Celebrates TraCSS Victory with Space News Icon Awa...
Parsons Corporation Celebrates TraCSS Victory with Space News Icon Award for Civil Space Achievement of the Year CHANTILLY, Va., Dec. 08, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN), the systems integrator for the Office of Space Commerce’s (OSC) Traffic Coordination System for Space (TraCSS) program, is proud to announce that this groundbreaking advancement in space traffic coordination has been recognized with the esteemed 2025 SpaceNews Icon Award for Civil Space Achievement. This prestigious accolade underscores Parsons' commitment to advancing safe and efficient operation...
Parsons Selected As Lead Designer For $441 Million I-70 Rocheport To C...
Parsons Selected As Lead Designer For $441 Million I-70 Rocheport To Columbia Design-Build Project CHANTILLY, Va., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the Missouri Highways and Transportation Commission has selected the Emery Sapp & Sons (ESS)-Parsons Team to deliver the Interstate 70 Rocheport to Columbia Design-Build project. The $441 million reconstruction effort will improve a vital segment of I-70 through Boone County, adding a third lane of travel in each direction, modernizing pavement and bridges, and enhancing interchange operat...
Parsons Selected for $1B Sound Transit MATOC to Support Regional Trans...
Parsons Selected for $1B Sound Transit MATOC to Support Regional Transit Expansion CHANTILLY, Va., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced the company has secured a position on Sound Transit’s 2025 $1 billion ceiling Multiple Award Task Order Contract (MATOC) for design services. This five-year contract, with two potential one-year extensions, will support Sound Transit’s $60 billion capital program—one of the largest transportation infrastructure initiatives in North America. Under this MATOC, Parsons will provide architecture, engineering, and relate...
Parsons to Present at the Raymond James TMT and Consumer Conference
Parsons to Present at the Raymond James TMT and Consumer Conference CHANTILLY, Va., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, chair, president, and chief executive officer will participate in a fireside chat question and answer session at the Raymond James TMT and Consumer Conference on Tuesday, December 9, 2025, at approximately 10:40 a.m. Eastern Time. The presentation will be available live via webcast on the investor relations section of Parsons’ website (). A replay of the webcast will be available on the website following th...
Parsons Positioned to Continue Advancing the Defense Threat Reduction ...
Parsons Positioned to Continue Advancing the Defense Threat Reduction Agency’s Efforts to Counter and Mitigate Weapons of Mass Destruction CHANTILLY, Va., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the Defense Threat Reduction Agency (DTRA) as an awardee for the Cooperative Threat Reduction Integration Contract (CTRIC) IV, a recompete contract that underscores Parsons’ continued leadership in global threat reduction and security. The indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (M...
Parsons to Present at Goldman Sachs Industrials and Materials Conferen...
Parsons to Present at Goldman Sachs Industrials and Materials Conference CHANTILLY, Va., Nov. 25, 2025 (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 Goldman Sachs Industrials and Materials Conference on Wednesday, December 3, 2025, at approximately 2:10 p.m. Eastern Time. The presentation will be available live via webcast on the investor relations section of Parsons’ website (). A replay of...
Parsons Awarded Position On $15 Billion Pacific Deterrence Initiative ...
Parsons Awarded Position On $15 Billion Pacific Deterrence Initiative Infrastructure Contract CHANTILLY, Va., Nov. 11, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a position on the $15 billion Pacific Deterrence Initiative Multiple Award Construction Contract (PDI MACC) by the Naval Facilities Engineering Systems Command (NAVFAC). The MACC consists of a 5-year base period with three one-year option periods and is a key component of the Pacific Deterrence Initiative, a U.S. Department of Defense program designed to strengthen deterr...
Parsons Awarded Contract to Modernize U.S. Coast Guard Biometrics Syst...
Parsons Awarded Contract to Modernize U.S. Coast Guard Biometrics System CHANTILLY, Va., Nov. 10, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded an indefinite delivery indefinite quantity contract to modernize the U.S. Coast Guard’s (USCG) Biometrics at Sea System (BASS 2.0). The BASS platform is a critical tool for maritime law enforcement operations and enables the Coast Guard to collect and analyze biometric data, including fingerprints and facial recognition, to verify identities, recognize threats, and enhance security by connect...
Parsons Reports Third Quarter 2025 Results
Parsons Reports Third Quarter 2025 Results Q3 2025 Financial Highlights Q3 revenue of $1.6 billion decreased 10% year-over-year and 14% on an organic basisRevenue growth of 14% excluding confidential contract; 9% on an organic basisQ3 net income of $64 million decreased $8 million year-over-yearQ3 adjusted EBITDA decreased 5% to $158 million; adjusted EBITDA margin of 9.8% increased 60 basis pointsBook-to-bill ratio of 1.0x and continued streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPOTotal backlog increased to $8.8 billion; 72% is funded, highest level since...
Parsons Awarded Two Defense and Security Contracts for Middle East Cli...
Parsons Awarded Two Defense and Security Contracts for Middle East Clients Awards underpin company’s unique position to deliver comprehensive defense and critical infrastructure solutions to global customer base CHANTILLY, Va., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced that it has been awarded two contracts worth a combined contract value over $100M to perform program management and design engineering for two Middle East government customers. These contracts represent new work for the company and reflect Parsons’ ability to bring its comprehensive natio...
PIF-Backed Diriyah Company Awards Parsons $56 million (SAR 210 million...
PIF-Backed Diriyah Company Awards Parsons $56 million (SAR 210 million) Contract for Design and Construction Supervision in Saudi Arabia CHANTILLY, Va., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a contract for Phase 2 of the Diriyah project by Diriyah Company, a Public Investment Fund (PIF)-owned company in the first half of 2025. This $56 million (SAR 210 million), 5-year contract represents new work for Parsons Corporation. Under the contract, Parsons will support the design and delivery of a series of iconic and neig...
Parsons Awarded Seat On $10 Billion Ceiling Value U.S. Navy Integratio...
Parsons Awarded Seat On $10 Billion Ceiling Value U.S. Navy Integration and Logistics Support Contract CHANTILLY, Va., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a seat on the Worldwide Expeditionary Multiple Award Contract (WEXMAC), Territorial Integrity of the U.S. (TITUS) 2.1 by the U.S. Naval Supply Systems Command. This $10 billion ceiling value Indefinite Delivery Indefinite Quantity (IDIQ) contract provides critical supplies and services to support U.S. military and coalition partner operations, humanitarian assist...
Parsons Honored as One of Glassdoor’s Best-Led Companies
Parsons Honored as One of Glassdoor’s Best-Led Companies CHANTILLY, Va., Oct. 03, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation announced today that it has been recognized by Glassdoor, an online community for workplace conversations, with a mission to build healthier, more transparent work communities for all, as one of the Best-Led Companies. The recognition is based on employee reviews and ratings published on Glassdoor in the previous year. In 2025, 50 honorees were recognized, representing a myriad of industries from food service to software. At #27, Parsons is top ranked among natio...
Parsons to Announce Third Quarter 2025 Financial Results on November 5...
Parsons to Announce Third Quarter 2025 Financial Results on November 5, 2025 CHANTILLY, Va., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will release third quarter 2025 financial results before the markets open on Wednesday, November 5, 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 (). Those parties interested in participating via telepho...
Parsons Acquires Applied Sciences Consulting, Inc.
Parsons Acquires Applied Sciences Consulting, Inc. Strategic acquisition strengthens Parsons’ water capabilities across Florida CHANTILLY, Va., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced it has acquired Applied Sciences Consulting, Inc., a Florida-based engineering firm that specializes in water and stormwater solutions for cities, counties, and water management districts across the state. Founded in 2005, Applied Sciences is based in Tampa, Florida, and works closely with agencies across Florida to deliver solutions that protect and advance the r...
MPA Contract Extended to Continue Delivering the Transformational Huds...
MPA Contract Extended to Continue Delivering the Transformational Hudson Tunnel Project, the Most Urgent Rail Project in United States Hudson Tunnel Project Proves that America is Building Again NEW YORK, Sept. 30, 2025 (GLOBE NEWSWIRE) -- MPA Delivery Partners, the joint venture of Mace, Parsons Corporation (NYSE: PSN), and Arcadis (EURONEXT: ARCAD) announced today that the team has been awarded a $665 million, 4.5-year contract extension by the Gateway Development Commission (GDC) to continue managing the successful delivery of the Hudson Tunnel Project (HTP). The HTP is progressing ...
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