Parsons Stock Price, News & Analysis

Parsons (NYSE: PSN) has announced it will release its fourth quarter and fiscal year 2024 financial results before market opening on Wednesday, February 19, 2025. The company will host 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. Interested parties can also participate via telephone by registering through the website. A replay of the conference call will be available on Parsons' website for one year, approximately two hours after the live event.

SealingTech, a Parsons company (NYSE: PSN), has appointed former Navy Commander Brad Hatcher as its new Chief Product Officer (CPO). With a 20-year Navy career, Hatcher previously served in key positions including Network Operations Lead at 10th Fleet and Cyber Protection Team Operations Group Director at JFHQ-DODIN.

In his new role, Hatcher will focus on strengthening and streamlining SealingTech's hardware production and software development processes to address evolving cyber threats and meet increasing demands from Federal Government and enterprise customers, including the United States Cyber Mission Forces.

Hatcher brings extensive experience in global network operations and cybersecurity within Department of Defense (DoD) organizations, with a proven track record in improving cyber defense capabilities and reducing cybersecurity risk.

Parsons (NYSE: PSN) has been selected as part of the LINC Austin team for the $7 billion Austin Light Rail project. The team, including AECOM, STV, Turner & Townsend, Ardmore Roderick, and CAS Consulting, will serve as Delivery Partner under an initial four-year contract.

As a major subconsultant to AECOM, Parsons will provide systems integration support, interface management, construction management, quality management, and design management services. The project includes developing 9.8 miles of new light rail lines and 15 stations to enhance connectivity across Austin, Texas.

Parsons (NYSE: PSN) has secured a $20 million contract from the U.S. Army Corps of Engineers Louisville District for the LTC Hernan G. Pesquera Army Reserve Center Microgrid project in Puerto Rico. The 610-day project involves installing a comprehensive microgrid system, including security measures, generators, photovoltaic cells, battery storage, and controllers.

This new contract builds upon Parsons' existing work in Puerto Rico, following their November 2023 selection for a $5 billion multiple-award contract to provide temporary power generation for Puerto Rico's power grid stabilization project. The company will implement critical infrastructure protection capabilities to enhance energy reliability, resilience, and sustainability at the Army Reserve Center in Juana Diaz.

Parsons (NYSE: PSN) has achieved a significant milestone by successfully integrating its Threat Representative Environment (TReX) emulator onto a SeaTrac Unmanned Surface Vehicle (USV) during maritime operations in the Gulf of Mexico. The demonstration, conducted in November in collaboration with the University of Southern Mississippi, Mississippi Air National Guard, and SeaTrac Systems, marks a breakthrough in U.S. Air Force training operations.

The TReX system simulates real-world threats using advanced algorithms and real-time data, while the solar-powered SP-48 USV enables 24/7 mission execution without human risk. This integration provides a cost-effective solution for military training, reducing operational expenses compared to manned vessels while maintaining high-fidelity simulation capabilities.

Parsons (NYSE: PSN) has been awarded a $23 million contract by the California Department of Transportation (Caltrans) to provide engineering and inspection services for structure construction projects in Districts 1, 2, and 3-North. The contract extends Parsons' long-standing relationship with Caltrans, dating back to 2007, focusing on bridge rehabilitation, new bridge construction, and retaining walls.

The project aims to improve California's transportation system through roadway rehabilitation, new facility construction, and infrastructure modifications. This initiative is particularly significant with upcoming high-profile events like the Olympics and World Cup. Parsons brings extensive experience, having completed over 10,000 miles of roadways, 4,500 bridges, and more than 50 advanced traffic management system deployments.

Parsons (NYSE: PSN) has formed a joint venture with V2X called Polar Science Alliance (PSA) to pursue the National Science Foundation's Antarctic Science and Engineering Support Contract. The contract has an $8 billion ceiling value and aims to provide scientific research support services for the United States Antarctic Program over the next two decades.

The joint venture combines Parsons' 55 years of polar operations experience and infrastructure expertise with V2X's decade of polar operations and 20 years of science support experience. Parsons brings experience in polar operations and infrastructure modernization, while V2X contributes its expertise in supporting operations in remote and complex environments.

V2X Inc. (NYSE: VVX) has formed a strategic joint venture with Parsons (NYSE: PSN) called Polar Science Alliance (PSA) to pursue the National Science Foundation Antarctica Science and Engineering Support Contract (ASESC). The contract has an $8 billion ceiling value and aims to support the United States Antarctic Program (USAP) over the next two decades.

V2X brings over a decade of polar operations experience and was recently awarded a ten-year follow-on option for the U.S. Space Force Pituffik Space Base in Greenland. Parsons contributes 55 years of polar operations expertise, including work on the Antarctica Infrastructure Modernization for Science Project. The joint venture will support NSF's scientific research activities and logistical operations in Antarctica and the Southern Ocean.

Parsons (NYSE: PSN) has secured the 8th position on Forbes' Most Trusted Companies in America 2025 list, standing as the only company in its peer group to reach the top 10. The ranking, developed in partnership with HundredX, Signal AI, and Glassdoor, evaluated over 2,000 U.S.-based public companies across employee, customer, and investor trust, as well as media sentiment.

The company's strong position was attributed to its 80-year history of performance, employee engagement practices, Imagine Next culture, and successful coordination of its 19,000 global employees across 23 countries and all 50 states. Parsons joined notable companies like NVIDIA, KKR, AMD, and Lockheed Martin in the top ten, demonstrating its strength in national security and critical infrastructure markets.