Parsons Stock Price, News & Analysis

Parsons Corporation (NYSE: PSN) recently participated in the 48in48 Global Virtual event from October 1-3, 2021, where employees designed websites for 48 nonprofits in 48 hours. This initiative highlights Parsons' commitment to social responsibility and community engagement, reflecting its core values of safety, integrity, and diversity. Teams from various regions, including the first all-Middle East team, contributed to enhancing brand awareness for organizations focused on social justice and youth empowerment. CEO Carey Smith praised employees for their dedication to creating a sustainable future.

Parsons Corporation (NYSE: PSN) has secured a contract to vie for a potential $68 million award supporting the Naval Information Warfare Center Pacific over a three-year period, with four possible one-year extensions. The contract focuses on enhancing command, control, communications, computer, and intelligence (C4I) systems. The company will utilize its technological expertise in areas like artificial intelligence and cyber operations to bolster military communications. CEO Christopher Bush emphasizes the importance of adapting to escalating threats for national security.

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.