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 Corporation (NYSE: PSN) has announced a definitive agreement to acquire BlackHorse Solutions, Inc. for $203 million. This acquisition aims to bolster Parsons' capabilities in cyber, electronic warfare, and information dominance.
BlackHorse, founded in 2018, is anticipated to generate approximately $100 million in revenue for 2022 and is expected to enhance Parsons' revenue growth and adjusted EBITDA margins. The deal is set to close in July 2021, pending customary conditions.
Parsons Corporation (NYSE: PSN) announced participation in the Stifel 2021 Virtual Cross Sector Insight Conference. The event will take place on June 8, 2021, featuring a fireside chat with Chuck Harrington, Chairman and CEO, and George Ball, CFO, starting at approximately 3:20 p.m. Eastern Time.
The presentation will be live streamed on the investor relations section of Parsons’ website, with a replay available for 90 days. Parsons is recognized for its innovative solutions in the defense, intelligence, and infrastructure sectors.
Parsons Corporation (NYSE: PSN) announced the upgrade of its airborne mission planning software, C2Core® Air, enhancing combat operations with a new cloud-native feature. This upgrade supports faster mission planning and operator reaction times while maintaining compliance with cloud standards. The software is utilized by various defense branches, including the U.S. Air Force and Royal Australian Air Force, to streamline combat air operations. Parsons aims to improve mission effectiveness through advanced planning capabilities and an integrated intelligence database.
Parsons Corporation (NYSE: PSN) will participate in the Jefferies Virtual IT Services Summit on May 25, 2021, featuring President and COO Carey Smith and CFO George Ball in a fireside chat. The session is scheduled for 12:00 p.m. Eastern Time and will be accessible via live webcast on Parsons' investor relations page.
The webcast will remain available for replay for 30 days. Parsons is recognized as a leading provider of disruptive technology across defense, intelligence, and critical infrastructure sectors, focusing on areas such as cybersecurity and smart cities.
Parsons Corporation (NYSE: PSN) announced a $27 million change order from the Georgia Department of Transportation to continue its role in the I-285/I-20 East Interchange reconstruction. The contract includes concept development, environmental documentation, and various technical services. This project is part of Georgia DOT's Major Mobility Investment Program aimed at enhancing road safety, reducing travel times, and decreasing pollution. The contract extension will sustain Parsons' support through 2025, aligning with its commitment to sustainability and improved travel for Georgia's citizens.
Parsons Corporation (NYSE: PSN) has secured a task order contract valued at up to $185 million from the Space and Missile Systems Center for Integrated Solutions for Situational Awareness (ISSA) support. The contract features a one-year base period with four additional one-year options. Parsons will provide specialized IT engineering, software development, and data analytics services, enhancing the ISSA system for over 5,000 users. This contract underscores Parsons' commitment to delivering innovative solutions in the space domain.
Parsons Corporation (NYSE: PSN) has appointed Jason Yaley as the new chief communications officer, effective May 17. Yaley, previously chief management officer at ACT I, brings extensive experience in corporate communications and employee engagement. His leadership is expected to enhance Parsons' brand awareness and support its growth strategy. With a career background spanning public and private sectors, Yaley aims to showcase the company's contributions in defense, intelligence, and critical infrastructure.
Parsons Corporation (NYSE: PSN) will present at the Goldman Sachs Industrials & Materials Conference 2021 on May 13, 2021, at 1:00 p.m. Eastern Time. Carey Smith, President and COO, alongside George Ball, CFO, will lead a fireside chat session. The presentation will be accessible via a live webcast on Parsons’ investor relations website, with a replay available for 30 days. Parsons is known for its innovative technologies in defense, intelligence, and critical infrastructure, including cybersecurity and smart cities.
Parsons Corporation (NYSE: PSN) announces Jonathan Hegwood as the first recipient of the 2021 MMAA Donna Johnson Military Spouse Scholarship. This scholarship supports military spouses in their education. Hegwood is a U.S. Army veteran and has overcome Stage III lymphoma, currently studying for a Bachelor of Business Administration in Computer Information Systems. He focuses on promoting equity and inclusion, particularly in tech. Parsons aims to enhance support for military families through this initiative, honoring the legacy of Staff Sgt. Donna Johnson.
Parsons Corporation (NYSE: PSN) has secured a significant $618 million task order from the U.S. General Services Administration (GSA). This contract is aimed at enhancing the Intelligence Community's global cyber and intelligence capabilities. The work will involve open-source intelligence, system engineering, and rapid prototyping to address emerging threats. Parsons’ executive Paul Decker emphasized the importance of their acquisitions in providing mission-critical solutions. This development underlines Parsons' position as a key player in defense and intelligence sectors.