Parsons Stock Price, News & Analysis

Parsons Corporation (NYSE: PSN) has been awarded a contract by the City of Toronto for the F.G. Gardiner Expressway Rehabilitation project, valued at over $10 million. This role includes engineering advisory services and project management for vital upgrades along the highway. Additionally, Parsons was selected for a roster of potential vendors for engineering consulting services, potentially worth $7 million. This strengthens Parsons' position as a key mobility solutions provider in Toronto, where it has a longstanding presence since the 1940s.

Parsons Corporation (NYSE: PSN) announced a contract amendment worth 94 million CAD ($75 million USD) for Giant Mine projects in Northwest Territories, Canada. This amendment extends Parsons' role as the Main Construction Manager for the mine's remediation efforts. The contract focuses on a thermosyphon-based process to freeze arsenic trioxide waste, along with constructing a landfill and deconstructing the townsite. Parsons has been involved in managing 237 thousand tonnes of arsenic waste since 2017.

Parsons Corporation (NYSE: PSN) will release its first quarter 2021 financial results on May 5, 2021, prior to market opening. The company will host a conference call at 8:00 a.m. ET on the same day to discuss earnings and corporate strategies. Access to the call will be available via webcast on Parsons' website. A replay will be accessible approximately two hours post-call, lasting for one year. Parsons is a leader in disruptive technology in defense, intelligence, and critical infrastructure markets, specializing in cybersecurity, missile defense, and smart cities.

Parsons Corporation (NYSE: PSN) will support the National Security Agency's Cyber Exercise (NCX) from April 8-10, 2021. This three-day virtual competition aims to improve cybersecurity skills among participants from U.S. Service Academies and military colleges. The event will feature five modules covering critical areas such as cryptography and cyber policy. Nicholas Jackson, VP of Parsons' cyber business, highlighted the importance of real-world applications to enhance the readiness of military personnel. The company has hosted 70 similar events nationwide, emphasizing its commitment to advancing cybersecurity capabilities.

Parsons Corporation (NYSE: PSN) has launched GreenFish™, a cutting-edge spectrum awareness solution aimed at enhancing operational capabilities for the U.S. Department of Defense and global allies. Leveraging artificial intelligence and machine learning, GreenFish enables real-time detection of radio frequency signals, providing a tactical advantage in combat scenarios. Its autonomous system facilitates online learning and knowledge sharing among connected units, resulting in improved decision-making and mission success.

On April 6, 2021, Parsons Corporation (NYSE: PSN) CEO Chuck Harrington will participate in the 2021 Global Infrastructure Initiative Summit, hosted by McKinsey. He will address critical infrastructure's cybersecurity threats and propose solutions for resilience in a post-COVID world. Harrington emphasizes the need for sustainable infrastructure and the importance of integrating robust cybersecurity measures. The summit runs from April 6-8, 2021, focusing on future projects and evolving industry trends such as digitization and technology investment.

Parsons Corporation (NYSE: PSN) has secured a significant indefinite-delivery, indefinite-quantity (IDIQ) contract from the Defense Intelligence Agency (DIA) for the Solutions for Information Technology Enterprise III (SITE III), valued at $12.6 billion over ten years. This contract focuses on providing strategic IT services to enhance the DIA's operations and modernization efforts. It will support various military branches and agencies, following the expiration of the previous E-SITE IT contract.

Parsons Corporation (NYSE: PSN) has secured a $250 million IDIQ contract from the Naval Information Warfare Center Pacific for maritime ISR and information operations. The contract includes a $145 million base period and an optional $105 million over two years. This initiative allows the U.S. Navy to enhance ISR capabilities while addressing technological advancements and security challenges. Parsons aims to support all-domain operational effectiveness, contributing to the Navy's mission globally.

Parsons Corporation (NYSE: PSN) will have executives Carey Smith and George Ball participate in a Q&A session on March 16, 2021, at 2:50 p.m. ET during the 2021 J.P. Morgan Industrials Conference. The event will be accessible via live webcast on Parsons' investor relations page, with a replay available for 30 days. Parsons is recognized as a leading disruptor in technology for defense, intelligence, and critical infrastructure, focusing on areas such as cybersecurity, missile defense, and smart cities.