Welcome to our dedicated page for Parsons news (Ticker: PSN), a resource for investors and traders seeking the latest updates and insights on Parsons stock.
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.
Parsons (NYSE: PSN) said its iNET® Smart Mobility Platform is gaining global traction as agencies modernize traffic operations to improve safety, reliability, and system performance.
Highlights include a statewide iNET® license in Georgia, an ODOT pilot yielding ~$4.5M annual labor savings, a US 23 deployment with a 34% crash reduction, and a 2025 cloud ATMS rollout in New Jersey.
Parsons (NYSE: PSN) announced a classified contract award valued at over $47 million for continued U.S. government work, announced March 19, 2026. The award extends a task the company has performed for more than six years and includes two additional one-year option periods.
This contract provides near-term revenue visibility and extends an established program relationship, while limited public detail is expected due to the classified nature of the work.
Parsons (NYSE: PSN) has operationally integrated the first Raven Defense S-Band Phased Array Receive and Transmit Antenna Node (SPARTAN) into its OrbitXchange™ global antenna network on March 18, 2026. The 6-meter parabolic dish uses a phased-array feed to enable eight electronically steerable downlink beams and a dedicated uplink beam, supporting simultaneous commanding, telemetry, and mission data collection for multiple spacecraft. SPARTAN includes the Parsons Mission Link Modem (MLM) and offers retrofit, scaling to larger apertures, and tailoring to additional frequency bands for national security and commercial missions.
Parsons (NYSE:PSN) was named one of Ethisphere’s 2026 World’s Most Ethical Companies on March 18, 2026, marking its 17th consecutive year receiving the honor.
Parsons is one of 138 honorees across 17 countries and one of four in the Engineering Services category, highlighting its sustained ethics and compliance commitment.
Parsons (NYSE: PSN) announced Soo Lagasse will become chief human resources officer, effective April 1, 2026, succeeding Susan Balaguer, who will retire and remain through May 2026 to support the transition. Lagasse joins Parsons' executive leadership after leading global talent acquisition since 2021.
The company highlights Lagasse’s role in record hiring quarters, intern program expansion, global mobility improvements, and data-driven workforce planning.
Spire Global (NYSE: SPIR) appointed John Martinez to its board of directors, effective March 9, 2026. Martinez is chief legal officer at Parsons and previously served as chief legal officer at Maximus, bringing more than two decades of government, defense, and intelligence sector experience to Spire.
The appointment underscores Spire's focus on expanding sovereign-ready space intelligence for U.S. and allied partners.
Parsons (NYSE: PSN) subsidiary SealingTech received an Intent to Award from U.S. Cyber Command for a sole-source, three-year production contract with an anticipated ceiling up to $500 million to produce the Joint Cyber Hunt Kit (JCHK).
The contract is new work, follows Parsons' 2023 acquisition of SealingTech, and builds on SealingTech's record of deploying more than 500 Cyber Fly-Away Kits to U.S. defense and intelligence customers.
Parsons (NYSE: PSN) announced that Carey Smith, chair, president and chief executive officer, and Matt Ofilos, chief financial officer, will participate in a fireside chat at the Barclays 43rd Annual Industrial Select Conference on Wednesday, February 18, 2026 at approximately 3:35 p.m. ET.
The presentation will be available live via webcast on the company's investor relations website, with a replay accessible on the site for 30 days following the event.
Parsons (NYSE: PSN) reported Q4 2025 revenue of $1.6B (down 8% YoY; -10% organic) and FY25 revenue of $6.4B (down 6% YoY; -9% organic). The company delivered record adjusted EBITDA of $153M in Q4 and record FY adjusted EBITDA of $609M with a 9.6% margin. FY25 net income was $241M and GAAP diluted EPS was $2.20. Critical Infrastructure showed strong growth (Q4 revenue +12%; FY revenue +15%), while Federal Solutions declined (FY revenue -20%; FY adjusted EBITDA -32%). Cash flow from operations was $478M for FY25 and book-to-bill was 1.0x for the year.
Parsons (NYSE: PSN) was awarded a $125 million single-award Task Order over five years to support DEVCOM Army Research Laboratory, the High Performance Computing Modernization Program, and the Defense Research and Engineering Network. The recompeted award continues a >20-year partnership and funds R&D, AI/ML, cybersecurity, and advanced computing services.