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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 announced the acquisition of Chesapeake Technologies International (CTI) for $89 million. The Maryland-based CTI, previously a Bluestone Investment Partners portfolio company, specializes in electromagnetic warfare and all-domain technology solutions for U.S. defense markets.
CTI brings a workforce of over 225 employees, with 87% holding security clearances. The company will be integrated into Parsons' Defense & Intelligence business unit. The acquisition is expected to generate approximately $89 million in revenue for 2026, with an estimated adjusted EBITDA multiple of 10x.
The strategic acquisition enhances Parsons' capabilities in the Indo-Pacific Command area and strengthens its position with Special Operations forces. CTI's expertise spans electromagnetic spectrum, cyberspace, autonomous systems, and special communications, with a focus on developing advanced warfighter-focused solutions for military and security applications.
Parsons Corporation (NYSE: PSN) and IBM (NYSE: IBM) have announced a strategic collaboration to develop a new state-of-the-art air traffic control system for the Federal Aviation Administration (FAA). Parsons will serve as the prime contractor, leveraging its nearly 50-year partnership with the FAA and experience with over 450 airports across 40 countries.
The initiative responds to Transportation Secretary Sean Duffy's call for modernizing the National Airspace System (NAS). Parsons brings its infrastructure expertise and program management capabilities, while IBM contributes its federal government and systems integration experience. The partnership aims to create an open, vendor-agnostic approach that enables continuous system improvements based on real-time feedback.
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