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 Corporation (NYSE: PSN) reported mixed Q2 2025 financial results. Revenue decreased 5% year-over-year to $1.6 billion, though core business grew 13% excluding a confidential contract. Net income fell 20% to $55 million, with adjusted EBITDA margin expanding 40 basis points to 9.4%.
The Federal Solutions segment saw revenue decline 19% to $805 million, while Critical Infrastructure revenue grew 14% to $779 million. The company maintained a book-to-bill ratio of 1.0x with total backlog of $8.9 billion. Notable wins include three contracts over $100 million each.
Parsons raised its FY2025 guidance, projecting revenue of $6.48-6.68 billion and adjusted EBITDA of $595-635 million. The company also completed the acquisition of Chesapeake Technologies International for $89 million.
Globalstar (NASDAQ: GSAT) and Parsons Corporation (NYSE: PSN) have successfully completed a proof of concept integrating Globalstar's Low Earth Orbit (LEO) satellite capabilities with Parsons' software-defined communication technologies. The testing, conducted across three European ground stations, validated the system's performance and operational readiness.
The joint solution leverages Globalstar's LEO satellite constellation to provide fast, reliable global communications, particularly in areas with compromised infrastructure. This successful demonstration follows earlier prototype testing in the continental U.S. and marks a significant advancement toward commercial availability of the integrated solution.
Parsons Corporation (NYSE: PSN) and its joint venture partner Versar have secured a $75 million contract from the U.S. Army Corps of Engineers (USACE) Middle East District for construction phase support services. The contract includes a three-year base period with a two-year option extension.
As the managing partner of the JV, Parsons will continue providing construction management services supporting USACE's presence in the Central Command Area, serving both Foreign Military Sales and Military Construction Programs. The Parsons-Versar JV has already completed over 60 task orders for USACE Middle East District over the past 12 years, marking this as their third CPSS contract iteration.
Parsons Corporation (NYSE:PSN) has unveiled BlueFly™, an innovative search and rescue sensor technology designed to enhance emergency response operations. Developed by QRC®, a Parsons Company, BlueFly™ utilizes Bluetooth low-energy detection to locate missing individuals through their wearable electronic devices.
The drone-agnostic platform weighs less than a pound and offers a detection range of up to 200 meters. BlueFly™ can detect signals from various devices including smartwatches, wireless earbuds, fitness trackers, and medical monitoring devices, providing real-time situational awareness to first responders and command centers.
Parsons Corporation (NYSE: PSN) has received the prestigious Diamond Award from the American Council of Engineering Companies (ACEC) of New York for its role as prime design consultant on the $300 million Brooklyn Bridge Rehabilitation Project. The project, which focused on restoring and modernizing the bridge's towers and approaches, represents the highest recognition from ACEC NY.
The rehabilitation project successfully preserved the historic character of the 1883 landmark while enhancing its structural integrity and safety. This marks the first time in over 16 years that a New York City Department of Transportation project has advanced to ACEC's national Engineering Excellence Awards.
Parsons Corporation (NYSE: PSN) subsidiary SealingTech has unveiled the SN 9000, their largest storage-focused high-performance server designed for defense operations. The system features an impressive 2.7 Petabytes storage capacity and supports 22 U.2 NVMe SSD drives, specifically engineered for combat operations at the Edge.
The server utilizes PCIe Gen 5 technology and is built to support the Department of Defense's modernization initiatives. Key features include upgradeable storage capacity, TSA-compliant casing, and capabilities for security information management, AI, and machine learning across various technological environments.
Parsons Corporation (NYSE: PSN) has received the prestigious Engineering Excellence Award from ACEC Missouri for its role as lead designer in the $252 million I-270 North Design-Build Project. The project also garnered national recognition through the 2025 ACEC Engineering Excellence Awards.
The comprehensive infrastructure project spans nine miles, involving the rehabilitation and widening of I-270 and reconstruction of ten interchanges. Key improvements include the construction of 18 new bridges, elimination of unsignalized at-grade crossovers, and implementation of innovative solutions like one-way roadways and modern roundabouts to reduce congestion and enhance safety.
Parsons Corporation (NYSE: PSN) subsidiary SealingTech has partnered with NCS Technologies to boost production of Cyber Hunt Kits for the Department of Defense. The collaboration will increase production capacity by 5x through NCS's 108,000 sq ft manufacturing facility in Manassas, Virginia, complementing SealingTech's 35,000 sq ft integration facility in Stevensville, Maryland.
The partnership leverages NCS's 30-year experience in large-scale U.S. Government manufacturing to enhance production efficiency and scalability. The collaboration focuses on standardized base node production, reducing assembly time while maintaining quality through ISO-certified supply chain and quality management programs.
Parsons Corporation (NYSE: PSN) has been selected as the Project Management Consultant for the Dubai Metro Blue Line project by Dubai's Roads and Transport Authority (RTA). The five-year contract involves comprehensive project management services including design review, procurement support, construction supervision, and project handover management.
The Dubai Metro Blue Line, set to begin operations in 2029, will span 30 kilometers with 14 stations, connecting key districts including Mirdif, Dubai Silicon Oasis, Dubai Creek Harbour, and Dubai Festival City. The line is projected to serve 320,000 passengers daily and is a crucial component of Dubai's D33 Economic Agenda and 2040 Urban Master Plan.
Parsons Corporation (NYSE: PSN) has scheduled its second quarter 2025 financial results announcement for August 6, 2025, before market open. The company will host a conference call at 8:00 a.m. Eastern Time to discuss earnings results and strategic corporate initiatives.
Investors can access the live conference call webcast through the company's Investor Relations website. Telephone participants can register via the IR website or through a direct link. A replay will be available on Parsons' website for one year following the call.