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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.
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.
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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.