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 that its subsidiary Sealing Technologies (SealingTech) has received a five‑year, sole‑source Other Transaction Agreement production contract from U.S. Cyber Command (USCYBERCOM) for full‑rate production of the Joint Cyber Hunt Kit (JCHK), with a ceiling value of up to $750 million.
According to Parsons, SealingTech is the sole prime contractor and provider of JCHK, a modular, mobile, self‑contained defensive cyber platform that standardizes and replaces fragmented service‑specific kits, enhancing interoperability, mission readiness, and threat‑hunting effectiveness for Joint Cyber Protection Teams and allied partners.
Parsons (NYSE: PSN) announced that it has secured a $514 million, two-year contract option from the Missile Defense Agency (MDA) under the existing TEAMS – Next Missile Defense System Engineering contract, originally awarded in 2021.
This second option extends Parsons’ role providing engineering, technical, analytical, and oversight support for the integrated Missile Defense System. According to the company, it will continue delivering advanced systems engineering, systems integration, and mission-critical solutions, including studies, analysis, evaluation, and oversight to help protect U.S. citizens and critical infrastructure from ballistic and hypersonic threats across air, land, sea, space, and cyber domains.
Parsons (NYSE: PSN) was selected by Naval Information Warfare Center (NIWC) Pacific for a $350 million multiple-award, indefinite-delivery/indefinite-quantity Seabed to Space Intelligence, Surveillance and Reconnaissance (S2ISR) contract supporting U.S. Navy maritime ISR and Information Operations.
The company will compete for task orders to provide full lifecycle services from research, development, test and evaluation to deployment and sustainment. Parsons will deliver technical, operational and cybersecurity support across space, air, land and maritime domains, including autonomous platforms, satellite systems and tactical communications networks, to help maintain resilient, interoperable ISR capabilities in contested environments.
Parsons (NYSE: PSN) was selected by the U.S. Space Force as an awardee on the National Space Test and Training Complex (NSTTC) Innovative Technology & Engineering – Space Test and Range (NITE-STAR) Capability Development multiple-award IDIQ contract.
The contract vehicle has a shared ceiling of $981 million across all awardees over two five-year ordering periods and is intended to accelerate development of advanced space test and training capabilities for Space Force Guardians in contested space environments. Parsons will support rapid development, integration, and deployment of innovative space vehicle and ground system technologies, drawing on its experience in space systems, mission engineering, digital technologies, and national security solutions. Parsons’ NITE-STAR team includes Blue Canyon Technologies, Orion Space Solutions, EnduroSat, Turion, and Intuitive Machines.
Parsons (NYSE: PSN) was selected by the Metropolitan Knoxville Airport Authority to provide program and construction management services for the five-year McGhee Tyson Airport Terminal Area Development Plan in Knoxville, Tennessee. The new contract adds a strategic aviation customer and focuses on terminal modernization, passenger growth, and long-term airport development, with Parsons supplying centralized oversight, FAA funding compliance support, and digital program management tools to improve cost, schedule, coordination, and transparency.
Parsons (NYSE: PSN) announced a $70 million ceiling task order under the U.S. Air Force’s Air Base Air Defense (ABAD) contract to support U.S. Air Forces in Europe-Air Forces Africa (USAFE-AFAFRICA).
The four-year order, with three 12‑month option periods, covers integration, testing, deployment, sustainment, maintenance, and operational transition of point defense systems, including capabilities against unmanned aircraft threats. According to Parsons, the award extends its existing ABAD work and reinforces its role providing air and missile defense, systems engineering, mission integration, and rapid capability deployment for U.S. Department of War customers across Europe and Africa.
Parsons (NYSE: PSN) announced it has secured the first task order under the Defense Threat Reduction Agency’s CTRIC IV contract, supporting DTRA’s Global Threat Reduction directorate. The work focuses on designing and delivering chemical security training, exercises, and workshops across Southeast Asia, including Malaysia, Indonesia, and the Philippines, to enhance monitoring, preparedness, detection, and response to chemical threats and support USPACOM priorities.
Parsons (NYSE: PSN) announced a new $40 million cost-plus-fixed-fee Non-Kinetic Effects (NOKE) contract to advance next-generation electromagnetic warfare (EW) capabilities for U.S. Army national security missions. The award covers one base year plus four-and-a-half option years and is new work for the company.
Under the contract, Parsons will deliver EW solutions to counter and disrupt adversary systems in contested, all-domain environments, supporting U.S. and allied forces’ operational advantage. The company highlights its spectrum dominance portfolio, including RF spectrum exploitation, cyber-electromagnetic operations, signal processing, AI-enabled analytics, and software-defined solutions, aligned with Joint All-Domain Command and Control (JADC2) and future force modernization.
Parsons (NYSE: PSN) has been selected by the South Carolina Department of Transportation, as part of the Ames Construction design-build team, to serve as lead designer for the Interstate 526 Long Point Road Interchange Improvements project in the Charleston region.
The total design-build contract is approximately $227 million, with Parsons’ design services representing about 10%. The project will modernize one of the area’s busiest corridors to improve safety, reduce congestion, and enhance freight and resident mobility, including better connectivity to the Wando Welch Terminal.
Parsons (NYSE: PSN) reported Q2 2026 revenue of $1.6 billion, down 1% year-over-year and 5% organically, with a 1.2x book-to-bill and total backlog rising to $9.3 billion (funded: $6.6 billion). Federal Solutions bookings grew 51% and Middle East organic revenue rose 10% with a 1.1x book-to-bill.
Net income was ($15 million), down $70 million, driven by $118 million of portfolio-shaping and joint-venture charges. Adjusted EBITDA fell 72% to $42 million, but excluding these charges was $161 million, up 8% with a 10.1% margin. Parsons also secured multiple large defense, infrastructure, and space contracts and lowered 2026 guidance for revenue, adjusted EBITDA, and operating cash flow.