Parsons Stock Price, News & Analysis

Parsons Corporation (NYSE: PSN) has been awarded a multi-award COVID-19 testing contract by the Department of Homeland Security (DHS), with a shared ceiling value of $2 billion. This contract supports DHS employees through managed testing services and molecular diagnostic testing. The company plans to utilize its innovative DetectWise™ health monitoring solutions, which include touchless kiosks for temperature screening and COVID-19 test history management. The partnership aims to enhance safety and operational efficiency amidst the ongoing pandemic.

Parsons Corporation (NYSE: PSN) will participate in the Cowen 42nd Annual Aerospace/Defense & Industrials Conference on February 9, 2021, at approximately 12:40 p.m. Eastern Time. CEO Chuck Harrington and CFO George Ball will engage in a fireside chat during the session. Investors can access the live presentation via webcast on Parsons' investor relations website, with a replay available for 30 days. Parsons is a leader in disruptive technology for defense, intelligence, and critical infrastructure, emphasizing cybersecurity, missile defense, and smart cities.

Parsons Corporation (NYSE: PSN) is hosting the second AFCEA TECHNET International Capture the Flag event at the Georgia Cyber Center on January 28, 2021. This competition aims to enhance partnerships among allied nations and improve collective cyber capabilities amid increasing global digital threats. The event features 61 teams from 15 countries, including the U.S., Canada, and Germany. Parsons emphasizes the importance of collaboration in cybersecurity, as highlighted by VP Tom Barnes. For more information on Parsons' cyber capabilities, visit Parsons' website.

Parsons Corporation (NYSE: PSN) announced that its recent acquisition, Braxton Technologies, received the prestigious Tibbitts Award for excellence in SBIR and STTR efforts. Braxton's leader, Ed Baron, was also honored with an individual Tibbetts Award for his significant contributions to the defense sector. This recognition underscores Braxton's impact on the Colorado Springs economy, generating over $370 million for local businesses. Since 2013, Braxton has secured $160 million in Phase III SBIR funding, aiming to enhance its capabilities within Parsons' space solutions market.

Parsons Corporation (NYSE: PSN) introduced RailPulse™, a software solution that optimizes the data from Positive Train Control (PTC) systems. This innovative platform automates reporting and diagnostics, significantly cutting down time and costs compared to manual methods. RailPulse™ allows rail operators to enhance performance and safety by providing customized analysis and adapting to evolving Federal Railroad Administration (FRA) reporting needs. The product integrates with existing PTC systems, emphasizing Parsons' commitment to improving the efficiency of rail transportation.

The joint venture of COWI, Parsons (NYSE:PSN), and SYSTRA has been awarded a significant contract by DSB for consultancy services on the automation of the S-train system in the Greater Copenhagen Area, Denmark. This contract spans eight years with potential extensions, aiming to convert the traditional rail system to a fully automated transport network. The project is expected to enhance mobility, support a greener urban environment, and improve passenger capacity, representing a key advancement in public transit optimization.

On January 25, 2021, Parsons Corporation (NYSE: PSN) announced its leadership of an industry team, including Leidos (NYSE: LDOS) and SAIC (NYSE: SAIC), for a 10-year, $953 million contract with the U.S. Air Force. This initiative aims to design and maintain Air Base Air Defense (ABAD) systems across Europe and Africa, addressing emerging asymmetric threats. The team will utilize advanced technologies and an open architecture approach to enhance air base defense capabilities, ensuring protection for military assets in contested environments.

Parsons Corporation (NYSE:PSN) will report its fourth quarter and fiscal year 2020 financial results on February 24, 2021, before market opening. A conference call to discuss the results and corporate strategies will follow at 8:00 a.m. ET. Investors can access the call via the company's website or by dialing designated numbers. A replay will be available shortly after the call and for a year on the website. Parsons is recognized in defense, intelligence, and infrastructure sectors, focusing on cybersecurity, missile defense, and smart city technologies.