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) secured a position on Sound Transit’s 2025 $1 billion ceiling Multiple Award Task Order Contract (MATOC) for design services. The MATOC runs five years with two one-year extensions and supports Sound Transit’s $60 billion capital program. Under the MATOC Parsons will provide architecture, engineering, and related services for light rail extensions, resiliency and sustainability upgrades, and state-of-good-repair work.
Parsons cited prior regional roles including lead designer for the 7.8-mile Federal Way Link Extension (testing for a planned Dec 2025 opening) and work on the Everett and Downtown Redmond Link projects.
Parsons (NYSE: PSN) announced that Carey Smith, chair, president, and chief executive officer, will participate in a fireside chat at the Raymond James TMT and Consumer Conference on Tuesday, December 9, 2025 at ~10:40 a.m. ET.
The presentation will be streamed live via webcast on Parsons’ investor relations website and a replay will be available on the site for 30 days following the presentation.
Parsons (NYSE: PSN) was selected by the Defense Threat Reduction Agency for the Cooperative Threat Reduction Integration Contract (CTRIC) IV, an IDIQ multiple award task order contract with a $3.5 billion ceiling. The contract includes a five-year base period plus a five-year option and lets Parsons compete for task orders to reduce chemical, biological, radiological, and nuclear threats worldwide. Activities include eliminating, securing, or consolidating WMD and related materials, delivery systems, and infrastructure, and helping partner nations strengthen capabilities to prevent and detect illicit trafficking of WMD-related materials and technology.
Parsons previously participated on CTRIC III and secured multiple task orders; CTRIC IV positions the company to continue supporting the Cooperative Threat Reduction Directorate and DTRA global mission.
Parsons (NYSE: PSN) said Carey Smith, chair, president, and CEO, and Matt Ofilos, CFO, will take part in a fireside chat at the Goldman Sachs Industrials and Materials Conference on Wednesday, December 3, 2025 at ~2:10 p.m. ET.
The presentation will be available live via webcast on Parsons’ investor relations website and a replay will be posted on the site for 30 days following the event.
Parsons (NYSE: PSN) was awarded a position on the $15 billion Pacific Deterrence Initiative Multiple Award Construction Contract (PDI MACC) by NAVFAC on Nov 11, 2025. The MACC has a 5-year base period plus three 1-year options and lets Parsons compete for task orders exceeding $100 million for runways, hangars, waterfront, warehousing, and energy/fuel storage across the Indo-Pacific, including Australia and the Philippines. Parsons noted streamlined acquisition under the vehicle will speed execution of new construction, repairs, and upgrades. Since 2019 Parsons has won $400M+ in INDOPACOM-related contracts, reinforcing its federal infrastructure and national security capabilities.
Parsons (NYSE: PSN) was awarded an indefinite delivery/indefinite quantity contract to modernize the U.S. Coast Guard’s Biometrics at Sea System (BASS 2.0) with a five-year performance period announced Nov. 10, 2025. Parsons will provide strategic planning, technical support, and supply and deploy its JavelinXL handheld kits and Ares Gateway software to Coast Guard units for real-time biometric capture and analysis.
Parsons noted its global track record of delivering over 3,500 mobile biometrics solutions to federal and law enforcement customers.
Parsons (NYSE: PSN) reported Q3 2025 results: revenue $1.6B (down 10% YoY; down 14% organic) and net income $64M (down 11% YoY).
Adjusted EBITDA $158M (down 5% YoY) with margin of 9.8% (+60 bps). Total backlog rose to $8.8B with $6.4B funded (72%). Book-to-bill was 1.0x. Company modified FY2025 revenue range to $6.4B–$6.5B and reiterated adjusted EBITDA and operating cash flow guidance at mid-point.
Parsons (NYSE: PSN) was awarded two contracts with a combined value of over $100M to provide program management and design engineering for two Middle East government customers.
The work includes design review, project and construction management for regional national security infrastructure and border security facilities, and represents new work as Parsons expands defense and security capabilities aligned with its transportation and urban development presence in the region.
Company credentials cited include ENR #1 program management ranking and placement in DefenseNews Top 100 defense companies for 2025.
Parsons (NYSE: PSN) was awarded a $56 million (SAR 210 million) contract to design and provide construction supervision for Diriyah Phase 2: Public Realm in Saudi Arabia.
The 5-year contract, signed in the first half of 2025 with Diriyah Company (a PIF-owned entity), covers parks, open spaces, civic buildings and over 55 km of streetscape to support a mixed-use, walkable destination linked to a $63.2 billion Diriyah development targeting ~100,000 residents and nearly 50 million visits a year at scale. Parsons noted its 65+ year presence in the Kingdom and currently has more than 50 active projects in Saudi Arabia.
Parsons (NYSE: PSN) was awarded a seat on the Worldwide Expeditionary Multiple Award Contract (WEXMAC) TITUS 2.1 by U.S. Naval Supply Systems Command, a $10 billion ceiling Indefinite Delivery Indefinite Quantity (IDIQ) contract. The contract includes a five-year base period plus a five-year option period and covers integration and logistics support for theater opening, sustainment, distribution, stability operations, and civil support, including Defense Support of Civil Authorities. Parsons will compete for task orders to support U.S. Navy operational requirements worldwide.