Welcome to our dedicated page for Parsons news (Ticker: PSN), a resource for investors and traders seeking the latest updates and insights on Parsons stock.
Parsons Corporation (NYSE: PSN) is a technology-driven company active in national security and global infrastructure markets, and its news flow reflects that focus. Public announcements highlight work across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection, giving investors and observers insight into how Parsons executes its strategy.
News about Parsons often centers on federal and defense contracts, including awards and positions on large U.S. Department of War, U.S. Air Force, and Missile Defense Agency programs. Releases describe task orders and multiple award contracts that cover design, engineering, and construction management for facilities and infrastructure that support mission readiness, as well as efforts to expand munitions production capacity and strengthen the Defense Industrial Base.
The company also issues updates on space and intelligence-related activities, such as contracts supporting space demonstration missions, satellite operations, and ground control services. Parsons’ acquisition of Altamira Technologies Corporation, which brings signals intelligence, cyber, missile warning, and space capabilities, is an example of transaction-related news that expands its defense and intelligence portfolio.
On the infrastructure side, Parsons’ news includes awards for urban development and transportation projects, such as design roles on advanced rapid transit lines and large mixed-use developments. These announcements illustrate its involvement in global infrastructure and urban development programs.
Visitors to this PSN news page can review company press releases and other coverage to track material events, contract wins, acquisitions, leadership changes, and guidance-related announcements that Parsons discloses to the market.
Parsons (NYSE: PSN) announced Soo Lagasse will become chief human resources officer, effective April 1, 2026, succeeding Susan Balaguer, who will retire and remain through May 2026 to support the transition. Lagasse joins Parsons' executive leadership after leading global talent acquisition since 2021.
The company highlights Lagasse’s role in record hiring quarters, intern program expansion, global mobility improvements, and data-driven workforce planning.
Spire Global (NYSE: SPIR) appointed John Martinez to its board of directors, effective March 9, 2026. Martinez is chief legal officer at Parsons and previously served as chief legal officer at Maximus, bringing more than two decades of government, defense, and intelligence sector experience to Spire.
The appointment underscores Spire's focus on expanding sovereign-ready space intelligence for U.S. and allied partners.
Parsons (NYSE: PSN) subsidiary SealingTech received an Intent to Award from U.S. Cyber Command for a sole-source, three-year production contract with an anticipated ceiling up to $500 million to produce the Joint Cyber Hunt Kit (JCHK).
The contract is new work, follows Parsons' 2023 acquisition of SealingTech, and builds on SealingTech's record of deploying more than 500 Cyber Fly-Away Kits to U.S. defense and intelligence customers.
Parsons (NYSE: PSN) announced that Carey Smith, chair, president and chief executive officer, and Matt Ofilos, chief financial officer, will participate in a fireside chat at the Barclays 43rd Annual Industrial Select Conference on Wednesday, February 18, 2026 at approximately 3:35 p.m. ET.
The presentation will be available live via webcast on the company's investor relations website, with a replay accessible on the site for 30 days following the event.
Parsons (NYSE: PSN) reported Q4 2025 revenue of $1.6B (down 8% YoY; -10% organic) and FY25 revenue of $6.4B (down 6% YoY; -9% organic). The company delivered record adjusted EBITDA of $153M in Q4 and record FY adjusted EBITDA of $609M with a 9.6% margin. FY25 net income was $241M and GAAP diluted EPS was $2.20. Critical Infrastructure showed strong growth (Q4 revenue +12%; FY revenue +15%), while Federal Solutions declined (FY revenue -20%; FY adjusted EBITDA -32%). Cash flow from operations was $478M for FY25 and book-to-bill was 1.0x for the year.
Parsons (NYSE: PSN) was awarded a $125 million single-award Task Order over five years to support DEVCOM Army Research Laboratory, the High Performance Computing Modernization Program, and the Defense Research and Engineering Network. The recompeted award continues a >20-year partnership and funds R&D, AI/ML, cybersecurity, and advanced computing services.
Parsons (NYSE: PSN) secured a $91 million contract extension on Feb. 9, 2026 for the Overseas Security Installation Services (OSIS II) program. This is the seventh option year of a 10-year workstream and part of the broader nearly $1.12 billion OSIS II contract.
The award extends Parsons’ technical security installation and integrated security services across more than 265 U.S. diplomatic facilities worldwide, including access control, CUAS, biometric systems, and operations support.
Parsons (NYSE: PSN) announced that its DroneArmor™ counter‑UAS system has been deployed by a Federal national security customer to protect personnel, communities, and critical infrastructure along the United States southern border on Feb. 4, 2026. DroneArmor is a TRL‑9 C2 capability with established operational performance after rigorous government testing.
The modular, scalable system integrates radar, electronic warfare, optics, and AI/ML to provide real‑time situational awareness, autonomous tracking, identification, and mitigation of unauthorized or malicious drones. Development occurs at Parsons’ C‑UAS Center of Excellence in Summit Point, West Virginia.
Parsons (NYSE: PSN) was awarded a $60 million contract by the Foothill Gold Line Construction Authority to complete design and provide design‑during‑construction services for phase 2B2 of the Foothill Gold Line.
Phase 2B2 will add a 2.3‑mile extension from Pomona to Claremont and is a six‑year program that continues Parsons' multi‑decade role on the A Line expansion.
Honda and DriveOhio completed a two-year pilot of a prototype Proactive Roadway Maintenance System that used vehicle vision and LiDAR sensors plus Edge AI to detect potholes, faded markings, damaged guardrails, signs and shoulder drop-offs across ~3,000 miles in Ohio.
The system reported 99% sign, 93% guardrail, and 89% average pothole accuracy and could save ODOT over $4.5 million annually by reducing manual inspections and enabling prioritized work orders via Parsons iNET Asset Guardian.