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) 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.
Parsons (NYSE: PSN) secured a $91 million contract extension on Feb. 9, 2026 for the Overseas Security Installation Services (OSIS II) program. This is the seventh option year of a 10-year workstream and part of the broader nearly $1.12 billion OSIS II contract.
The award extends Parsons’ technical security installation and integrated security services across more than 265 U.S. diplomatic facilities worldwide, including access control, CUAS, biometric systems, and operations support.
Parsons (NYSE: PSN) announced that its DroneArmor™ counter‑UAS system has been deployed by a Federal national security customer to protect personnel, communities, and critical infrastructure along the United States southern border on Feb. 4, 2026. DroneArmor is a TRL‑9 C2 capability with established operational performance after rigorous government testing.
The modular, scalable system integrates radar, electronic warfare, optics, and AI/ML to provide real‑time situational awareness, autonomous tracking, identification, and mitigation of unauthorized or malicious drones. Development occurs at Parsons’ C‑UAS Center of Excellence in Summit Point, West Virginia.
Parsons (NYSE: PSN) was awarded a $60 million contract by the Foothill Gold Line Construction Authority to complete design and provide design‑during‑construction services for phase 2B2 of the Foothill Gold Line.
Phase 2B2 will add a 2.3‑mile extension from Pomona to Claremont and is a six‑year program that continues Parsons' multi‑decade role on the A Line expansion.
Honda and DriveOhio completed a two-year pilot of a prototype Proactive Roadway Maintenance System that used vehicle vision and LiDAR sensors plus Edge AI to detect potholes, faded markings, damaged guardrails, signs and shoulder drop-offs across ~3,000 miles in Ohio.
The system reported 99% sign, 93% guardrail, and 89% average pothole accuracy and could save ODOT over $4.5 million annually by reducing manual inspections and enabling prioritized work orders via Parsons iNET Asset Guardian.
Parsons (NYSE: PSN) was awarded a $593 million contract extension under the FAA Technical Support Services Contract 5 (TSSC 5), exercising the first option period and extending performance through 2030. TSSC 5 has a $1.8 billion ceiling, a four-year base and two three-year option periods. Under the contract Parsons will manage infrastructure and systems upgrades across the National Airspace System at more than 600 sites, providing program management, engineering, construction management, testing, logistics and related services to support FAA modernization.
The award follows Parsons' TSSC work since 2001 and its 2025 ranking as the top program management firm by Engineering News-Record.
Parsons (NYSE:PSN) acquired Altamira Technologies in a transaction valued up to $375 million announced Jan 15, 2026. Parsons paid $330 million cash at closing plus a $45 million earnout payable in Q1 2027 if 2026 EBITDA targets are met. Parsons expects Altamira to generate over $200 million revenue in 2026 and says the deal is accretive to its fiscal 2026 revenue growth, adjusted EBITDA margin, and adjusted EPS. The base purchase implies a 12.8x multiple on anticipated 2026 EBITDA. Altamira brings ~600 employees, >90% security-cleared, and SIGINT, space, cyber, and AI/ML capabilities to Parsons' Defense & Intelligence unit.
Parsons (NYSE: PSN) will release fourth quarter and fiscal year 2025 financial results before markets open on Wednesday, February 11, 2026. The company said it will also provide 2026 guidance during a conference call at 8:00 a.m. Eastern Time the same day.
Investors can access a live webcast via the Investor Relations section of the company website or register for telephone participation. A replay will be posted approximately two hours after the call and remain available for one year.
Parsons (NYSE: PSN) announced on January 13, 2026 that it was awarded a 60-month design and construction technical support contract by New Murabba Development Company (PIF-owned) to serve as Infrastructure Lead Design Consultant (ILDC).
Under the agreement Parsons will provide design and engineering for infrastructure, public buildings, landscape and the public realm for the New Murabba downtown—covering about 14 million square meters and centered on the signature Mukaab cube skyscraper. The work builds on Parsons’ long Saudi presence (>65 years) and its portfolio of >50 active projects in the Kingdom.
Parsons (NYSE: PSN) said it was awarded a ten-year, $392 million single-award contract by a Federal customer on Jan. 5, 2026.
The work is new for the company and leverages Parsons' biometrics and network engineering capabilities, combining hardware, software, and systems integration to support federal, defense, and law enforcement missions. Parsons has delivered over 3,500 mobile biometrics solutions to enable real-time biometric data collection, faster identity verification, and improved threat detection.