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 appointed Peter Torrellas as the new president of its connected communities business unit, effective immediately. Torrellas, based in Centreville, Va., joins the Executive Leadership Team and will report to CEO Carey Smith. He brings over two decades of experience in digital transformation within infrastructure sectors, previously leading initiatives at Siemens Advanta. His expertise is expected to enhance Parsons’ capabilities in delivering smart infrastructure solutions as the U.S. shifts towards increased digitalization in critical infrastructure.
Parsons Corporation (NYSE: PSN) has secured a four-year, $145 million contract from the US Army Corps of Engineers for the design and construction of a new Energetic Waste Incinerator at the Radford Army Ammunition Plant in Virginia. This facility aims to modernize hazardous waste disposal while minimizing environmental impacts. The project aligns with Parsons’ commitment to environmental, social, and governance (ESG) priorities, emphasizing safe and compliant waste treatment solutions.
Parsons Corporation (NYSE: PSN) has appointed Jon Moretta as president of its engineered systems business unit, effective immediately. Moretta joined Parsons in 2016, previously leading the industrial market in critical infrastructure. Under his management, the industrial business has executed major mine closure projects and environmental remediation globally. The company has been recognized in ENR's Top 200 Environmental Firms and is expanding its PFAS life cycle solution for water treatment across over 250 projects. He replaces Chris Alexander, who announced his retirement.
Parsons Corporation's subsidiary, BlackHorse Solutions, was awarded the 2021 Growth Company of the Year by ACG National Capital for companies with revenue between $25 to $75 million. This accolade follows BlackHorse's acquisition by Parsons in July 2021, enhancing its capabilities in military and intelligence operations, particularly in AI, cyber, and information dominance. ACG National Capital's awards recognize growth strategies and successful corporate achievements. Parsons continues to receive accolades for its strong growth and leadership in defense and critical infrastructure.
Parsons Corporation (NYSE: PSN) has secured a significant contract with the U.S. Air Force, winning a position on the Eglin Wide Agile Acquisition Contract (EWAAC). This contract spans 10 years with a ceiling value of $46 billion, focusing on advanced digital systems engineering, weapons integration, and data analytics for Eglin AFB. The contract aims to enhance the rapid development of novel weapons capabilities, ensuring tactical superiority through innovative technologies and agile processes.
Parsons Corporation (NYSE: PSN) will present at the Morgan Stanley Virtual 9th Annual Laguna Conference on September 14, 2021, at 4:30 p.m. ET. President and CEO Carey Smith, along with CFO George Ball, will participate in a fireside chat. Investors can access the live webcast on Parsons' investor relations website, with a replay available for six months. Parsons is recognized as a leading technology provider in defense, intelligence, and critical infrastructure sectors, focusing on areas such as cybersecurity and smart cities.
Parsons Corporation (NYSE: PSN) has been awarded a $39 million, three-year contract by Lusail Real Estate Development Company (LREDC) for project management, construction management, and site supervision consultancy services in Lusail City, Qatar. This contract highlights Parsons’ ongoing involvement in infrastructure projects, as they have provided services in Lusail since 2006. Lusail City is Qatar's largest development, covering over 38 square kilometers, and aims to embody the country’s National Vision 2030.
Parsons Corporation (NYSE: PSN) has announced a stock repurchase program, authorizing the buyback of up to $100 million of its common stock. This initiative allows the company to acquire shares through open market transactions or private negotiations, aimed at enhancing shareholder value. The announcement underscores Parsons' confidence in its financial stability and future growth prospects in the defense and infrastructure sectors, despite the inherent risks associated with its government contracts and competitive environment.
FAQ
What is the current stock price of Parsons (PSN)?
What is the market cap of Parsons (PSN)?
