Parsons Stock Price, News & Analysis

Parsons Corporation (NYSE: PSN) has partnered with the Selma Center for Nonviolence, Truth, and Reconciliation to design and install architectural lighting for the Edmund Pettus Bridge in Selma, Alabama. This pro-bono project aims to enhance the bridge's cultural significance as a National Historic Landmark, commemorating the historic events of Bloody Sunday in 1965. The project involves collaboration with multiple historical preservation entities and is expected to support community economic development while promoting values of diversity, equity, and inclusion.

Parsons Corporation (NYSE: PSN) released its 2021 corporate social responsibility (CSR) report, detailing its commitment to environmental, social, and governance (ESG) initiatives. The report introduces the new strategy, Cultivating a Responsible Enterprise (CARE), targeting a 20% reduction in greenhouse gas emissions by 2025, alongside efforts to enhance gender and ethnic diversity. CEO Chuck Harrington emphasized the company's resilience despite 2020 challenges and its dedication to customer service. The CSR report aims to improve accountability and transparency in ESG reporting.

Parsons Corporation (NYSE: PSN) has appointed Carey Smith as the new CEO, effective July 1, 2021, succeeding Chuck Harrington, who retires after nearly 40 years with the company. Harrington will remain on the board as executive chairman. Smith, who joined Parsons in 2016, has held various leadership roles, enhancing organic growth and overseeing successful acquisitions. The board unanimously supports Smith's leadership as the company aims for future profitable growth and continued innovation in technology solutions.

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.