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 (NYSE: PSN) is a technology-driven company active in national security and global infrastructure markets, and its news flow reflects that focus. Public announcements highlight work across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection, giving investors and observers insight into how Parsons executes its strategy.
News about Parsons often centers on federal and defense contracts, including awards and positions on large U.S. Department of War, U.S. Air Force, and Missile Defense Agency programs. Releases describe task orders and multiple award contracts that cover design, engineering, and construction management for facilities and infrastructure that support mission readiness, as well as efforts to expand munitions production capacity and strengthen the Defense Industrial Base.
The company also issues updates on space and intelligence-related activities, such as contracts supporting space demonstration missions, satellite operations, and ground control services. Parsons’ acquisition of Altamira Technologies Corporation, which brings signals intelligence, cyber, missile warning, and space capabilities, is an example of transaction-related news that expands its defense and intelligence portfolio.
On the infrastructure side, Parsons’ news includes awards for urban development and transportation projects, such as design roles on advanced rapid transit lines and large mixed-use developments. These announcements illustrate its involvement in global infrastructure and urban development programs.
Visitors to this PSN news page can review company press releases and other coverage to track material events, contract wins, acquisitions, leadership changes, and guidance-related announcements that Parsons discloses to the market.
Parsons (NYSE: PSN) and Emery Sapp & Sons were selected by the Missouri Highways and Transportation Commission to deliver the $441 million I-70 Rocheport to Columbia design-build reconstruction.
The project adds a third lane in each direction, modernizes pavement and bridges, and improves interchange operations to support safer freight and passenger movement. Construction is expected to begin in mid-2026 with completion targeted for December 2029.
The ESS-Parsons Team cites a combined portfolio of 69 design-build projects and 15 I-70 rehabilitation/reconstruction efforts completed or underway in the past five years and highlights experience on Missouri DOT programs.
Parsons (NYSE: PSN) secured a position on Sound Transit’s 2025 $1 billion ceiling Multiple Award Task Order Contract (MATOC) for design services. The MATOC runs five years with two one-year extensions and supports Sound Transit’s $60 billion capital program. Under the MATOC Parsons will provide architecture, engineering, and related services for light rail extensions, resiliency and sustainability upgrades, and state-of-good-repair work.
Parsons cited prior regional roles including lead designer for the 7.8-mile Federal Way Link Extension (testing for a planned Dec 2025 opening) and work on the Everett and Downtown Redmond Link projects.
Parsons (NYSE: PSN) announced that Carey Smith, chair, president, and chief executive officer, will participate in a fireside chat at the Raymond James TMT and Consumer Conference on Tuesday, December 9, 2025 at ~10:40 a.m. ET.
The presentation will be streamed live via webcast on Parsons’ investor relations website and a replay will be available on the site for 30 days following the presentation.
Parsons (NYSE: PSN) was selected by the Defense Threat Reduction Agency for the Cooperative Threat Reduction Integration Contract (CTRIC) IV, an IDIQ multiple award task order contract with a $3.5 billion ceiling. The contract includes a five-year base period plus a five-year option and lets Parsons compete for task orders to reduce chemical, biological, radiological, and nuclear threats worldwide. Activities include eliminating, securing, or consolidating WMD and related materials, delivery systems, and infrastructure, and helping partner nations strengthen capabilities to prevent and detect illicit trafficking of WMD-related materials and technology.
Parsons previously participated on CTRIC III and secured multiple task orders; CTRIC IV positions the company to continue supporting the Cooperative Threat Reduction Directorate and DTRA global mission.
Parsons (NYSE: PSN) said Carey Smith, chair, president, and CEO, and Matt Ofilos, CFO, will take part in a fireside chat at the Goldman Sachs Industrials and Materials Conference on Wednesday, December 3, 2025 at ~2:10 p.m. ET.
The presentation will be available live via webcast on Parsons’ investor relations website and a replay will be posted on the site for 30 days following the event.
Parsons (NYSE: PSN) was awarded a position on the $15 billion Pacific Deterrence Initiative Multiple Award Construction Contract (PDI MACC) by NAVFAC on Nov 11, 2025. The MACC has a 5-year base period plus three 1-year options and lets Parsons compete for task orders exceeding $100 million for runways, hangars, waterfront, warehousing, and energy/fuel storage across the Indo-Pacific, including Australia and the Philippines. Parsons noted streamlined acquisition under the vehicle will speed execution of new construction, repairs, and upgrades. Since 2019 Parsons has won $400M+ in INDOPACOM-related contracts, reinforcing its federal infrastructure and national security capabilities.
Parsons (NYSE: PSN) was awarded an indefinite delivery/indefinite quantity contract to modernize the U.S. Coast Guard’s Biometrics at Sea System (BASS 2.0) with a five-year performance period announced Nov. 10, 2025. Parsons will provide strategic planning, technical support, and supply and deploy its JavelinXL handheld kits and Ares Gateway software to Coast Guard units for real-time biometric capture and analysis.
Parsons noted its global track record of delivering over 3,500 mobile biometrics solutions to federal and law enforcement customers.
Parsons (NYSE: PSN) reported Q3 2025 results: revenue $1.6B (down 10% YoY; down 14% organic) and net income $64M (down 11% YoY).
Adjusted EBITDA $158M (down 5% YoY) with margin of 9.8% (+60 bps). Total backlog rose to $8.8B with $6.4B funded (72%). Book-to-bill was 1.0x. Company modified FY2025 revenue range to $6.4B–$6.5B and reiterated adjusted EBITDA and operating cash flow guidance at mid-point.
Parsons (NYSE: PSN) was awarded two contracts with a combined value of over $100M to provide program management and design engineering for two Middle East government customers.
The work includes design review, project and construction management for regional national security infrastructure and border security facilities, and represents new work as Parsons expands defense and security capabilities aligned with its transportation and urban development presence in the region.
Company credentials cited include ENR #1 program management ranking and placement in DefenseNews Top 100 defense companies for 2025.
Parsons (NYSE: PSN) was awarded a $56 million (SAR 210 million) contract to design and provide construction supervision for Diriyah Phase 2: Public Realm in Saudi Arabia.
The 5-year contract, signed in the first half of 2025 with Diriyah Company (a PIF-owned entity), covers parks, open spaces, civic buildings and over 55 km of streetscape to support a mixed-use, walkable destination linked to a $63.2 billion Diriyah development targeting ~100,000 residents and nearly 50 million visits a year at scale. Parsons noted its 65+ year presence in the Kingdom and currently has more than 50 active projects in Saudi Arabia.