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Parsons Corporation provides technology-driven solutions for national security and global infrastructure markets through Federal Solutions and Critical Infrastructure activities. Company news commonly covers U.S. government and defense contract awards, nuclear enterprise mission assurance support, energy resilience and microgrid work, program management, transportation design, and digital infrastructure technologies such as demand response systems and TAK-as-a-Service.
Updates also report quarterly results, backlog, book-to-bill trends, guidance, acquisitions, and project milestones across cyber and electronic warfare, space and missile defense, transportation, water, environment, urban development, and critical infrastructure protection.
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The board of directors of Parsons Corporation (NYSE: PSN) has elected Carey A. Smith as chairwoman, effective April 14, 2022. Smith also serves as president and CEO, succeeding Charles Harrington, who will retire after 40 years with the company. Steven F. Leer has been appointed as lead independent director. Smith expressed gratitude for the trust placed in her and highlighted the company’s commitment to delivering integrated solutions in security and infrastructure. Smith joined Parsons in 2016 and has held several leadership roles, solidifying her position within the organization.
In December 2021, Parsons Corporation (NYSE: PSN) secured an $11 million contract to establish a ground operations center for DARPA's Blackjack flight demonstrations. This contract underscores Parsons’ commitment to innovative space solutions and builds on a previous SBIR contract. The company will develop and demonstrate mission planning and flight operations, ensuring seamless network connectivity for the Blackjack mission. With decades of experience in space operations, Parsons aims to enhance satellite management and operational efficiency.
Parsons Corporation (NYSE: PSN) has secured a task order from the U.S. Department of Homeland Security to provide COVID-19 testing solutions across ICE facilities, with a potential total value exceeding $100 million over three years. The company will supply emergency-use authorized test kits and logistics support, leveraging its DetectWise™ solution for efficient supply management. This contract underscores Parsons’ capabilities in biosurveillance and its commitment to enhancing public health efforts amid the pandemic.
Parsons Corporation (NYSE: PSN) will announce its fourth quarter and fiscal year 2021 financial results on February 23, 2022, before market opening. A conference call is scheduled for 8:00 a.m. ET to discuss the earnings and strategic initiatives. Interested parties can access the webcast via the company’s Investor Relations page, with options for both domestic and international dial-in. A replay will be available shortly after the call and continues for one year, showcasing Parsons' commitment to transparency and shareholder engagement.
Iteris has secured a $6.8 million subcontract from Parsons Corporation to enhance the NextGen bus signal priority system for Los Angeles County Metropolitan Transportation Authority. This three-year project will expand connected bus signal priority technology across 88 intersections, supporting nearly 10 million riders annually in the Greater LA area. The deployment will increase total intersections served by Iteris' solutions to over 600 and is expected to complete in 34 months.
Parsons Corporation (NYSE: PSN) has secured a $12.6 million contract with JetBlue Airways to provide program management services for the development of Terminal 5 at Fort Lauderdale/Hollywood International Airport (FLL). This new five-gate terminal, costing approximately $300 million, is vital for accommodating growing passenger demand. The project highlights FLL's recovery in passenger traffic, nearing pre-pandemic levels. Parsons, with over 75 years in aviation services, aims to enhance the air travel experience as it collaborates with JetBlue and Broward County Aviation Department.
Parsons Corporation (NYSE: PSN) has secured a $38 million task order under the U.S. Army’s Responsive Strategic Sourcing for Services contract. This contract focuses on tactical applications core infrastructure, with a one-year base period and three additional one-year options. The company will enhance mission command applications for improved decision-making and situational awareness. With over 30 years of experience in government services, Parsons demonstrates its commitment to providing innovative solutions that support military operations.
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Parsons Corporation (NYSE: PSN) has announced the deployment of drone-based visual and thermal sensors for roof inspections at U.S. Department of Labor (DOL) Job Corps facilities. This advanced technology is expected to enhance maintenance efficiency, offering comprehensive assessments at lower costs compared to traditional inspections. The initiative underscores Parsons' commitment to innovative solutions and collaboration across its business segments, facilitating inspections at 25 sites nationwide while prioritizing critical repairs based on data-driven insights.