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 provides technology-driven solutions for national security and global infrastructure markets through Federal Solutions and Critical Infrastructure activities. Company news commonly covers U.S. government and defense contract awards, nuclear enterprise mission assurance support, energy resilience and microgrid work, program management, transportation design, and digital infrastructure technologies such as demand response systems and TAK-as-a-Service.
Updates also report quarterly results, backlog, book-to-bill trends, guidance, acquisitions, and project milestones across cyber and electronic warfare, space and missile defense, transportation, water, environment, urban development, and critical infrastructure protection.
Parsons (NYSE: PSN) announced the opening of the Los Angeles Metro D Line Subway Extension Section 1, where the company served as lead designer. The 3.9-mile extension runs from Wilshire/Western to Beverly Hills with three new underground stations at La Brea, Fairfax, and La Cienega.
The full D Line Extension will span about nine miles under Wilshire Boulevard and is intended to ease congestion, improve air quality, and expand access to major cultural institutions, according to Parsons.
Parsons (NYSE: PSN) was selected by the U.S. Air Force and the 75th Civil Engineer Group at Hill Air Force Base for a multiple award task order contract to provide architect-engineer services.
The contract has a $136 million ceiling, an 8.5-year performance period, and is described as new work for the company. Parsons will compete for task orders covering design, alteration, and repair of infrastructure, plus feasibility, traffic, and cybersecurity-related design services that support secure, resilient installation operations.
Parsons (NYSE: PSN) announced that chair, president and CEO Carey Smith and CFO Matt Ofilos will join a fireside chat at the Bank of America 2026 Industrials, Transportation & Airlines Key Leaders Conference on May 13, 2026, at about 2:55 p.m. Eastern Time.
The session will stream live via webcast on Parsons’ investor relations website, with a replay available for 30 days.
Parsons (NYSE: PSN) announced that the Defense Threat Reduction Agency exercised Option Year 3 of the AEMSS IDIQ Vulnerability Assessments task order, a $34 million award with a one-year performance period effective May 2026.
The contract continues Parsons’ support for DTRA’s Nuclear Enterprise Mission Assurance department through vulnerability assessments, technical and design review work, operational support, and strategic mission analyses. DTRA has now exercised three of four option years on the $170 million ceiling IDIQ.
Parsons (NYSE: PSN) was awarded a position on a $2 billion multiple award task order contract (MATOC) by the U.S. Army Corps of Engineers to deliver energy resilience and infrastructure modernization projects under the Department of War Energy Resilience and Conservation Investment Program (ERCIP).
The MATOC has a three-year base performance period plus seven one-year options. Parsons will compete for task orders to provide design-build services, expanding its energy resilience portfolio alongside recent LADWP and prior USACE microgrid work.
EVERYWHERE Communications announced a partnership with Parsons (PSN) on May 4, 2026 to develop resilient, beyond-line-of-sight autonomous drone capabilities under an SBIR initiative. The collaboration integrates an Iridium satellite-based data transport layer and Parsons' TAK-as-a-Service to enable autonomous mission execution, scalable swarm coordination, low-bandwidth burst communications, and reliable sensor data exfiltration for tactical and federal operations.
Parsons (NYSE: PSN) was awarded a 9-month contract by The Boring Company to serve as delegated program manager for the Dubai Loop pilot phase. Parsons will provide integrated services including Independent Design Verification, stakeholder management, permitting/NOC support, and multidisciplinary design reviews across civil, structural, mechanical, electrical, safety, and utilities.
The work supports design-build activities for the multi-phased Dubai Loop passenger tunnel project in partnership with Dubai RTA and represents new work for Parsons in the program.
Parsons (NYSE: PSN) reported Q1 2026 revenue of $1.5 billion (down 4% YoY; down 8% organic). Net income was $53 million (down 20% YoY). Adjusted EBITDA rose 1% to a record $151 million with margin expanding to 10.1%. Total backlog hit a record $9.3 billion with funded backlog $6.6 billion. Book-to-bill was 1.4x. The company reiterated FY2026 guidance: revenue $6.5–6.8 billion and adjusted EBITDA $615–675 million.
Parsons (NYSE: PSN) marked the groundbreaking of the State Route 400 (SR 400) Express Lanes Project on April 22, 2026. Parsons is the lead designer on the SR 400 Peach Partners team for the approximately $4.6 billion, 16-mile express lanes corridor from North Springs MARTA to McFarland Parkway.
The project is described as Georgia’s largest transportation infrastructure program and the largest U.S. transportation P3, intended to improve mobility, travel reliability, and enable future transit enhancements.
Parsons (NYSE: PSN) was selected by the Los Angeles Department of Water & Power on April 20, 2026 to deliver a Demand Response Management System (DRMS), integration, and services under a five-year contract.
The DRMS aims to expand LADWP’s demand response capacity by more than fourfold and support the utility’s goal of 100% clean electricity by 2035 or sooner, with out-of-the-box interoperability across MDM, customer care, billing, SCADA and ADMS.