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) delivers cutting-edge engineering and technology solutions for critical infrastructure, defense systems, and global security challenges. This news hub provides investors and industry professionals with timely updates on Parsons' strategic developments, project milestones, and operational achievements.
Access official press releases covering federal contract awards, transportation innovations, cybersecurity advancements, and environmental remediation initiatives. Our curated collection includes earnings reports, acquisition announcements, and leadership updates essential for understanding Parsons' market position in the engineering services sector.
Discover updates on Parsons' Federal Solutions division supporting national security programs and Critical Infrastructure projects enhancing urban mobility. Track the company's integration of AI-driven design tools and sustainable construction practices across global operations.
Bookmark this page for reliable updates on Parsons' engineering breakthroughs, government partnerships, and technological investments. Check regularly for insights into how PSN addresses complex infrastructure demands through its employee-owned operational model.
Parsons Corporation (NYSE: PSN) has secured a contract exceeding $2 billion for main construction management and care & maintenance services at the Faro Mine in Yukon, Canada, a significant abandoned mine remediation project. This contract spans over 20 years and builds on Parsons' ongoing efforts in the area since 2016. The project aims to enhance environmental sustainability and support local First Nations communities through a socio-economic strategy focusing on direct employment and training.
Parsons Corporation (NYSE: PSN) will present at the Cowen 43rd Annual Aerospace/Defense & Industrials Conference on February 9, 2022, at 1:30 p.m. ET. The session, featuring Carey Smith, President and CEO, and George Ball, CFO, will include a fireside chat and Q&A. Investors can access the live webcast on Parsons' investor relations website, with a replay available for 90 days. Parsons is known for its disruptive technology in defense, intelligence, and infrastructure sectors, focusing on cybersecurity, missile defense, and smart cities.
Parsons Corporation (NYSE: PSN) has been selected by NEOM Company to provide project management support for OXAGON, an innovative industrial city in Saudi Arabia. As part of Saudi Arabia's Vision 2030 initiative, NEOM aims to redefine urban living. Parsons will deliver management and construction services for OXAGON, expected to be completed by 2030, with logistics facilities by 2025. The project emphasizes advanced manufacturing and infrastructure, positioning Parsons as a key partner in this transformative endeavor.
The board of directors of Parsons Corporation (NYSE: PSN) has elected Carey A. Smith as chairwoman, effective April 14, 2022. Smith also serves as president and CEO, succeeding Charles Harrington, who will retire after 40 years with the company. Steven F. Leer has been appointed as lead independent director. Smith expressed gratitude for the trust placed in her and highlighted the company’s commitment to delivering integrated solutions in security and infrastructure. Smith joined Parsons in 2016 and has held several leadership roles, solidifying her position within the organization.
In December 2021, Parsons Corporation (NYSE: PSN) secured an $11 million contract to establish a ground operations center for DARPA's Blackjack flight demonstrations. This contract underscores Parsons’ commitment to innovative space solutions and builds on a previous SBIR contract. The company will develop and demonstrate mission planning and flight operations, ensuring seamless network connectivity for the Blackjack mission. With decades of experience in space operations, Parsons aims to enhance satellite management and operational efficiency.
Parsons Corporation (NYSE: PSN) has secured a task order from the U.S. Department of Homeland Security to provide COVID-19 testing solutions across ICE facilities, with a potential total value exceeding $100 million over three years. The company will supply emergency-use authorized test kits and logistics support, leveraging its DetectWise™ solution for efficient supply management. This contract underscores Parsons’ capabilities in biosurveillance and its commitment to enhancing public health efforts amid the pandemic.
Parsons Corporation (NYSE: PSN) will announce its fourth quarter and fiscal year 2021 financial results on February 23, 2022, before market opening. A conference call is scheduled for 8:00 a.m. ET to discuss the earnings and strategic initiatives. Interested parties can access the webcast via the company’s Investor Relations page, with options for both domestic and international dial-in. A replay will be available shortly after the call and continues for one year, showcasing Parsons' commitment to transparency and shareholder engagement.
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Parsons Corporation (NYSE: PSN) has secured a $12.6 million contract with JetBlue Airways to provide program management services for the development of Terminal 5 at Fort Lauderdale/Hollywood International Airport (FLL). This new five-gate terminal, costing approximately $300 million, is vital for accommodating growing passenger demand. The project highlights FLL's recovery in passenger traffic, nearing pre-pandemic levels. Parsons, with over 75 years in aviation services, aims to enhance the air travel experience as it collaborates with JetBlue and Broward County Aviation Department.
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