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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.
Parsons (NYSE: PSN) was awarded a 9-month contract by The Boring Company to serve as delegated program manager for the Dubai Loop pilot phase. Parsons will provide integrated services including Independent Design Verification, stakeholder management, permitting/NOC support, and multidisciplinary design reviews across civil, structural, mechanical, electrical, safety, and utilities.
The work supports design-build activities for the multi-phased Dubai Loop passenger tunnel project in partnership with Dubai RTA and represents new work for Parsons in the program.
Parsons (NYSE: PSN) reported Q1 2026 revenue of $1.5 billion (down 4% YoY; down 8% organic). Net income was $53 million (down 20% YoY). Adjusted EBITDA rose 1% to a record $151 million with margin expanding to 10.1%. Total backlog hit a record $9.3 billion with funded backlog $6.6 billion. Book-to-bill was 1.4x. The company reiterated FY2026 guidance: revenue $6.5–6.8 billion and adjusted EBITDA $615–675 million.
Parsons (NYSE: PSN) marked the groundbreaking of the State Route 400 (SR 400) Express Lanes Project on April 22, 2026. Parsons is the lead designer on the SR 400 Peach Partners team for the approximately $4.6 billion, 16-mile express lanes corridor from North Springs MARTA to McFarland Parkway.
The project is described as Georgia’s largest transportation infrastructure program and the largest U.S. transportation P3, intended to improve mobility, travel reliability, and enable future transit enhancements.
Parsons (NYSE: PSN) was selected by the Los Angeles Department of Water & Power on April 20, 2026 to deliver a Demand Response Management System (DRMS), integration, and services under a five-year contract.
The DRMS aims to expand LADWP’s demand response capacity by more than fourfold and support the utility’s goal of 100% clean electricity by 2035 or sooner, with out-of-the-box interoperability across MDM, customer care, billing, SCADA and ADMS.
Parsons (NYSE: PSN) and GSI Americas were awarded a $25 million U.S. Coast Guard contract for program management services on April 15, 2026.
The work includes a one-year base period and four one-year option periods to support the Coast Guard’s Force Design 2028 Execution Plan, tied to a $24.5 billion recapitalization effort.
Parsons (NYSE: PSN) was selected by the New York City Department of Environmental Protection to provide construction management services for the Newtown Creek Combined Sewer Overflow Storage Tunnel project.
The 16-year program includes approximately 3.25 miles of tunnel, a tunnel dewatering pump station, and related facilities across Brooklyn and Queens. Parsons will join Newtown Creek CSO Partners with AECOM and EPC Consultants and will use the DEP’s CMIS to support delivery.
Parsons (NYSE: PSN) was selected to lead design of the $409 million Roosevelt Bridge Replacement over Lake Texoma in Bryan and Marshall Counties, Oklahoma. The two‑mile, 63‑span project will be built in two phases with substructure elements reaching approximately 150 feet below the lake surface.
ODOT selected a Zachry/Traylor joint venture to deliver the bridge; the project received a $124 million federal grant in 2024 and combines federal and state funding to replace the 1945 structure.
Parsons (NYSE: PSN) announced its EMEA team won two awards at the Big Project Middle East Awards 2026 on April 10, 2026, marking the third consecutive year of recognition.
The company received Refurbishment and Retrofit Project of the Year for the King Abdullah Finance District Residential Uplift (16 high‑rise towers) and Mentor of the Year 2026 for Dr. Lavinia Melilla, who has mentored over 1,000 engineers in Qatar since 2016. Parsons highlighted project complexity, fast‑track delivery, safety and collaboration, and noted a 65‑year regional presence with more than 7,000 employees in the Middle East.
Parsons (NYSE: PSN) unified its aviation capabilities into a single North American Aviation organization on April 8, 2026. The realignment consolidates federal and commercial aviation services to deliver integrated design, smart infrastructure, program and construction management across >450 airports and support for 600 FAA facilities.
This move aims to accelerate cross‑selling, speed delivery at scale, and leverage decades of experience on large airport programs and NAS modernization.
Parsons (NYSE: PSN) was selected by the Utah Department of Transportation to deliver a statewide Vehicle-to-Everything (V2X) Maintenance and Management System under a 10-year agreement.
Parsons will deploy its cloud-based iNET® software to provide real-time system health monitoring, performance analytics, and operational insights to manage Utah’s connected vehicle devices at scale.