Parsons Stock Price, News & Analysis

Bowman Consulting Group (NASDAQ: BWMN) has appointed Virginia L. Grebbien to its Board of Directors as an independent director. Grebbien, who brings over 30 years of public and private water sector experience, will serve on the compensation and nominating/corporate governance committees starting May 23, 2025.

Previously at Parsons (NYSE: PSN) for 13 years, Grebbien held various leadership roles including EVP of business development, president of multiple divisions, and chief corporate affairs officer. She played a important role in Parsons' transformation into a global digital technology company and its 2019 IPO before retiring in 2021.

Before Parsons, she held leadership positions at major Southern California water management agencies and spent three years at Warburg Pincus. Grebbien is a registered professional engineer in California with extensive board experience in public and private companies.

Parsons (NYSE: PSN) has secured a $24 million biological defense research contract from the Naval Medical Research Command (NMRC). The contract includes a one-year base period with four one-year option periods. Parsons will support NMRC's Biological Defense Research Directorate (BDRD) in biological research for rapid infectious disease detection and global disease surveillance.

The company has been performing this work since 2018, providing NMRC with expert scientists in various fields including molecular biology, immunology, serology, bacteriology, laboratory science and management, field collection, field lab detection, outbreak response, reagent production, and assay development.

Parsons (NYSE: PSN) has scheduled the release of its first quarter 2025 financial results before market opening on Wednesday, April 30, 2025. The company will hold a conference call at 8:00 a.m. Eastern Time on the same day to discuss earnings results and strategic corporate initiatives.

Investors can access the live conference call webcast through the company's Investor Relations website. Telephone participation is available through registration on the IR website. A replay of the call will be accessible on Parsons' website for one year following the event.

Parsons (NYSE: PSN) has been selected by Tucson Airport Authority (TAA) to conduct a per- and polyfluoroalkyl substances (PFAS) facility investigation at Tucson International Airport (TUS). The professional services agreement includes source area delineation, offsite source differentiation, and remedy feasibility assessment related to PFAS-containing aqueous film forming foam (AFFF).

Parsons brings significant expertise in PFAS management, having completed 2,000 PFAS investigations and installed over 7,000 PFAS point of entry treatment systems. The company specializes in water and wastewater treatment, with experts in hydrogeology, human health, ecological risk assessment, remediation, and modeling. Recently, Parsons acquired TRS Group, enhancing their capabilities with thermal remediation technologies for PFAS treatment.

Parsons (NYSE: PSN) has announced a significant increase in its stock repurchase authorization to $250 million. The decision comes as a result of the company's strong operating results and cash flow performance.

CEO Carey Smith emphasized that this move will allow Parsons to pursue share repurchases while continuing to invest in organic and inorganic growth opportunities. The company's focus remains on providing integrated solutions in national security and global infrastructure markets.

The board's decision reflects confidence in Parsons' strategy and ability to deliver strong operating results. However, the actual implementation of repurchases will depend on various factors, including market conditions, economic circumstances, investment opportunities, financing needs, stock price fluctuations, and potential program suspension.

Parsons (NYSE: PSN) has announced its participation in the upcoming Bank of America Global Industrials Conference in London, England. The company's leadership, including Chair, President, and CEO Carey Smith, along with CFO Matt Ofilos, will engage in a fireside chat and Q&A session on Tuesday, March 18, 2025, at 5:40 a.m. Eastern Time (9:40 a.m. GMT).

Investors and interested parties can access the presentation through a live webcast on the investor relations section of Parsons' website. The presentation recording will remain available for replay on the company's website for 30 days following the event.

Sealing Technologies (SealingTech), a Parsons (NYSE: PSN) company, has been awarded a prototype agreement from the Department of Defense's Defense Innovation Unit (DIU) to develop their Joint Cyber Hunt Kit (JCHK) prototype.

The company has demonstrated its expertise by successfully delivering over 500 Cyber-Fly-Away Kits since 2018, supporting critical national security and DoD missions. SealingTech focuses on rapid development, commercial off-the-shelf customization, and leveraging DIU and DoD acquisition pathways to provide tactical advantages for defensive cyberspace operations.

Parsons (NYSE: PSN) has been named one of the 2025 World's Most Ethical Companies by Ethisphere for the 16th consecutive year. The company stands as one of only three honorees in the Engineering Services category among 136 total honorees across 19 countries and 44 industries.

The recognition highlights Parsons' 81-year commitment to ethics and integrity in business practices. The company's ethics program focuses on employee engagement and leadership transparency, extending these standards to suppliers and vendors. The assessment process involved Ethisphere's Ethics Quotient® framework, requiring companies to provide over 240 proof points on various ethical practices, governance, environmental and social impact.

Claroty and SealingTech, a Parsons company (PSN), have announced a strategic partnership to enhance cybersecurity solutions for federal Cyber Protection Teams (CPTs). The collaboration focuses on securing operational technology (OT) and cyber-physical systems (CPS) networks in challenging field conditions.

The partnership combines Claroty's CPS protection capabilities, recently recognized as a Leader in the 2025 Gartner Magic Quadrant, with SealingTech's expertise in edge computing hardware and cybersecurity solutions. The integrated approach provides enhanced visibility, security, and response capabilities for both standalone and air-gapped operations, specifically designed for U.S. Federal government teams.

The joint solution addresses critical challenges faced by federal cyber protection teams, including resources, strict operational environments, and urgent response needs, while supporting mission-critical infrastructure security.