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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) will present at the Baird 4th Annual Government & Defense Conference on November 17, 2021, at approximately 10:10 a.m. Eastern Time. CEO Carey Smith will participate in a fireside chat Q&A session during this event. Interested parties can access the live webcast via the investor relations section of Parsons’ website, with a replay available for about 90 days post-event.
Parsons is renowned for its disruptive technology solutions in defense, intelligence, and critical infrastructure, focusing on areas such as cybersecurity, missile defense, and smart cities.
Tutor Perini Corporation (NYSE: TPC) has appointed Marcus Leavitt as Senior Vice President to lead strategic project pursuits, focusing on complex projects under alternative delivery models like Public-Private Partnerships. Leavitt will also establish a new Design-Build Engineering Management Group to enhance collaboration with clients and partners. Chairman Ronald Tutor expressed enthusiasm for Leavitt’s contributions, highlighting his previous successful collaborations. Tutor Perini is known for executing large projects on time and within budget since its inception in 1894.
Parsons Corporation (NYSE: PSN) announced a five-year, $49 million indefinite-delivery, indefinite-quantity (IDIQ) contract with the U.S. Army Corps of Engineers (USACE) Sacramento District. This contract aims to leverage Parsons' advanced geophysical classification services to address contamination at military and hazardous waste sites. The services primarily support Formerly Used Defense Sites across California, Nevada, Arizona, New Mexico, and Utah. With nearly 30 years of partnership with USACE, Parsons aims to enhance its capabilities in environmental remediation.
Parsons Corporation (NYSE: PSN) reported Q3 2021 financial results, with revenue of $956 million, reflecting sequential growth of 9% and organic growth of 7%. Net income stood at $19 million with a margin of 2.0%. The company achieved a record backlog of $8.6 billion, up 10% year-over-year, driven by five contracts over $100 million. Despite these gains, total revenue decreased by 5% year-over-year, and adjusted EBITDA fell by 16%. Parsons reiterated its 2021 guidance of <$3.6 - $3.7 billion in revenue.
Parsons Corporation (NYSE: PSN) announced a significant contract award from the U.S. Army Corps of Engineers valued at up to $1.1 billion over ten years. This multiple award task order contract aims to assist the USACE Huntsville in addressing environmental and munitions response challenges. The contract supports military munitions response programs and environmental compliance services. Parsons will utilize advanced technologies, including digital mapping and drone applications, to efficiently tackle these challenges.
Parsons Corporation (NYSE: PSN) announced its leadership in an industry team to collaborate with the U.S. Air Force on a five-year project to sustain and transform the Air Operations Center – Weapons System. The company's experience in prior contracts positions it well for this partnership. Recent wins include significant contracts totaling over $3.7 billion from various Department of Defense agencies. If selected, Parsons aims to deliver mission success and operational continuity for the Air Force.
Parsons Corporation (NYSE: PSN) and local transportation agencies announced the completion of the environmental study for the I-69 Ohio River Crossing project, allowing construction to commence in spring 2022. This four-lane, all-electronic tolled bridge will enhance transport connectivity between Indiana and Kentucky, completing a critical link in the National I-69 corridor. The project includes 11.2 miles of new interstate and improvements to existing roads, with a commitment to environmentally friendly practices. The two-section project is expected to run into 2025.
Parsons Corporation (NYSE: PSN) will unveil its third-quarter 2021 financial results on November 3, 2021, before market opening. A conference call to discuss these results will occur at 8:00 a.m. ET on the same day. Interested participants can access the live event via the company's Investor Relations webpage or dial in using specific phone numbers provided. A replay will be available following the call for one year on the website and for a limited time via phone.
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