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) acquired Altamira Technologies in a transaction valued up to $375 million announced Jan 15, 2026. Parsons paid $330 million cash at closing plus a $45 million earnout payable in Q1 2027 if 2026 EBITDA targets are met. Parsons expects Altamira to generate over $200 million revenue in 2026 and says the deal is accretive to its fiscal 2026 revenue growth, adjusted EBITDA margin, and adjusted EPS. The base purchase implies a 12.8x multiple on anticipated 2026 EBITDA. Altamira brings ~600 employees, >90% security-cleared, and SIGINT, space, cyber, and AI/ML capabilities to Parsons' Defense & Intelligence unit.
Parsons (NYSE: PSN) will release fourth quarter and fiscal year 2025 financial results before markets open on Wednesday, February 11, 2026. The company said it will also provide 2026 guidance during a conference call at 8:00 a.m. Eastern Time the same day.
Investors can access a live webcast via the Investor Relations section of the company website or register for telephone participation. A replay will be posted approximately two hours after the call and remain available for one year.
Parsons (NYSE: PSN) announced on January 13, 2026 that it was awarded a 60-month design and construction technical support contract by New Murabba Development Company (PIF-owned) to serve as Infrastructure Lead Design Consultant (ILDC).
Under the agreement Parsons will provide design and engineering for infrastructure, public buildings, landscape and the public realm for the New Murabba downtown—covering about 14 million square meters and centered on the signature Mukaab cube skyscraper. The work builds on Parsons’ long Saudi presence (>65 years) and its portfolio of >50 active projects in the Kingdom.
Parsons (NYSE: PSN) said it was awarded a ten-year, $392 million single-award contract by a Federal customer on Jan. 5, 2026.
The work is new for the company and leverages Parsons' biometrics and network engineering capabilities, combining hardware, software, and systems integration to support federal, defense, and law enforcement missions. Parsons has delivered over 3,500 mobile biometrics solutions to enable real-time biometric data collection, faster identity verification, and improved threat detection.
Parsons (NYSE: PSN) received multiple 2025 recognitions for veteran hiring and support, including the 2025 DOL HIRE Vets Gold Medallion, Military Times Best for Vets (2nd in Virginia, 2nd in Defense & Aerospace, 16th overall), 2026 GI Jobs Military Friendly Employer Gold/Top 10 (9th nationally in $5B+), VET Indexes 5 Star Employer, NVSBC Champion, and nominations via ESGR.
The release highlights Parsons’ MILVET program, commitment to veteran hiring, transition support, and continued focus on delivering defense-related solutions. Application info: jobs.parsons.com/transitioning-military.
Parsons (NYSE: PSN) was selected by VIA Metropolitan Transit to complete final design of the Advanced Rapid Transit (ART) VIA Rapid Silver Line in San Antonio on Dec. 23, 2025. The Silver Line is a 7.3-mile corridor with an estimated project cost of $322 million and will include 18 new or modified stations to improve frequency, reliability, and connectivity across the VIA system.
The ART design will use dedicated bus lanes, transit-priority signals, and off-board fare collection to enable faster boarding and travel. Parsons noted it has supported VIA for more than 25 years and is also delivering final design work on the ART Green Line, which will intersect the Silver Line downtown.
Parsons (NYSE: PSN) announced on Dec 22, 2025 that it was awarded a position on the Missile Defense Agency (MDA) SHIELD indefinite-delivery/indefinite-quantity (IDIQ) contract with a ceiling of $151 billion. The IDIQ covers a broad range of work areas to support rapid delivery of innovative capabilities to the warfighter with increased speed and agility. The announcement highlights Parsons' national security and infrastructure capabilities across cyber, electronic warfare, space and missile defense, transportation and critical infrastructure protection.
Parsons (NYSE: PSN) was awarded a $30 million contract and a novation to the U.S. Space Development Agency (SDA) on Dec. 22, 2025 to expand a prior $11 million DARPA Blackjack award from 2021. Parsons will consolidate OEM spacecraft support and deliver Blackjack mission operations from its Parsons Space Operations Center using the OrbitXChange platform and the Ground Operations Center as-a-Service solution. The scope includes mission planning, advanced experimentation, operational planning services, and connectivity to commercial ground station providers to enable global coverage and enhanced satellite operations.
Parsons (NYSE: PSN) 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.
The contract supports the Department of War’s Acquisition Transformation Strategy, comprises a two-year construction period, and represents new work for Parsons. Parsons and Nammo broke ground on the project in October, and Parsons was ranked a top program management and construction management firm by Engineering News-Record in 2025.
Parsons (NYSE:PSN) named John Martinez as its next chief legal officer, effective February 16, 2026. Martinez brings more than 25 years of legal and executive experience across public and private sectors, including prior roles as chief legal officer at Maximus, vice president and general counsel at GE Aerospace, and senior legal roles at Raytheon subsidiaries. He previously served in senior roles in the U.S. Intelligence Community and began as an assistant district attorney.
Current CLO Mike Kolloway notified the company of his intent to retire in Q2 2026 and will remain as an advisor to support a seamless transition; Kolloway has been with Parsons since 2016 and led the company through its IPO and 16 consecutive years on Ethisphere’s World’s Most Ethical Companies list.
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