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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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Parsons Corporation (NYSE: PSN) supports the recently signed Bipartisan Infrastructure Deal, considering it vital for U.S. economic growth and infrastructure improvement. The U.S. infrastructure received a grade of 'C-' from the American Society of Civil Engineers in 2021. The CEO, Carey Smith, emphasized that the bill facilitates investments in transportation, power, and broadband, enabling the nation to 'Build Back Smarter.' Parsons aims to leverage its 77 years of expertise to enhance infrastructure sustainability, including projects in transportation, environment, and water management, ultimately contributing to a cleaner, safer planet.
CENTREVILLE, Va., Nov. 29, 2021 — Parsons Corporation (NYSE: PSN) will participate in the Credit Suisse 9th Annual Global Industrials Conference on December 2, 2021. Carey Smith, President and CEO, will engage in a fireside chat at approximately 2:50 p.m. Eastern Time. The session will be accessible via live webcast on Parsons’ investor relations website, with a replay available for 90 days.
Parsons is a prominent provider of disruptive technology in security, intelligence, and critical infrastructure markets, focusing on areas such as cybersecurity and smart cities.
Parsons Corporation (NYSE: PSN) will present at the Baird 4th Annual Government & Defense Conference on November 17, 2021, at approximately 10:10 a.m. Eastern Time. CEO Carey Smith will participate in a fireside chat Q&A session during this event. Interested parties can access the live webcast via the investor relations section of Parsons’ website, with a replay available for about 90 days post-event.
Parsons is renowned for its disruptive technology solutions in defense, intelligence, and critical infrastructure, focusing on areas such as cybersecurity, missile defense, and smart cities.
Tutor Perini Corporation (NYSE: TPC) has appointed Marcus Leavitt as Senior Vice President to lead strategic project pursuits, focusing on complex projects under alternative delivery models like Public-Private Partnerships. Leavitt will also establish a new Design-Build Engineering Management Group to enhance collaboration with clients and partners. Chairman Ronald Tutor expressed enthusiasm for Leavitt’s contributions, highlighting his previous successful collaborations. Tutor Perini is known for executing large projects on time and within budget since its inception in 1894.
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Parsons Corporation (NYSE: PSN) announced a five-year, $49 million indefinite-delivery, indefinite-quantity (IDIQ) contract with the U.S. Army Corps of Engineers (USACE) Sacramento District. This contract aims to leverage Parsons' advanced geophysical classification services to address contamination at military and hazardous waste sites. The services primarily support Formerly Used Defense Sites across California, Nevada, Arizona, New Mexico, and Utah. With nearly 30 years of partnership with USACE, Parsons aims to enhance its capabilities in environmental remediation.
Parsons Corporation (NYSE: PSN) reported Q3 2021 financial results, with revenue of $956 million, reflecting sequential growth of 9% and organic growth of 7%. Net income stood at $19 million with a margin of 2.0%. The company achieved a record backlog of $8.6 billion, up 10% year-over-year, driven by five contracts over $100 million. Despite these gains, total revenue decreased by 5% year-over-year, and adjusted EBITDA fell by 16%. Parsons reiterated its 2021 guidance of $3.6 - $3.7 billion in revenue.
Parsons Corporation (NYSE: PSN) announced a significant contract award from the U.S. Army Corps of Engineers valued at up to $1.1 billion over ten years. This multiple award task order contract aims to assist the USACE Huntsville in addressing environmental and munitions response challenges. The contract supports military munitions response programs and environmental compliance services. Parsons will utilize advanced technologies, including digital mapping and drone applications, to efficiently tackle these challenges.