Parsons to Present at the Bank of America 2026 Industrials, Transportation & Airlines Key Leaders Conference
Rhea-AI Summary
Parsons (NYSE: PSN) announced that chair, president and CEO Carey Smith and CFO Matt Ofilos will join a fireside chat at the Bank of America 2026 Industrials, Transportation & Airlines Key Leaders Conference on May 13, 2026, at about 2:55 p.m. Eastern Time.
The session will stream live via webcast on Parsons’ investor relations website, with a replay available for 30 days.
Positive
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Negative
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News Market Reaction – PSN
In the May 12 session, PSN gained 8.12%, reflecting a notable positive market reaction. Argus tracked a peak move of +4.3% during that session. Our momentum scanner triggered 27 alerts that day, indicating elevated trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 07 | Defense contract win | Positive | -0.9% | DTRA exercised Option Year 3 on a $34 million task order. |
| May 05 | Energy resilience award | Positive | -0.4% | Awarded position on a $2 billion USACE energy resilience MATOC. |
| May 04 | Autonomous drone partnership | Positive | -1.7% | Partnered under SBIR to enable resilient beyond-line-of-sight drone operations. |
| May 04 | Dubai Loop contract | Positive | -1.7% | Secured 9-month delegated program manager role for Dubai Loop pilot. |
| Apr 29 | Q1 2026 earnings | Neutral | -3.0% | Mixed quarter with lower revenue and earnings but record backlog and EBITDA. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news — contracts, partnerships and earnings — has consistently been followed by negative 24-hour price reactions, indicating a pattern of selling into announcements.
Over the past few weeks, Parsons announced multiple contract wins and strategic updates, including a $34 million DTRA award on May 07, a position on a $2 billion military energy resilience MATOC on May 05, and new work on The Boring Company’s Dubai Loop program. A partnership on autonomous drone operations and Q1 2026 results, highlighted by record $9.3 billion backlog, also drew negative next-day moves. Today’s conference appearance extends this communication cadence rather than adding new financial data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHANTILLY, Va., May 11, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, chair, president, and chief executive officer, and Matt Ofilos, chief financial officer, will participate in a fireside chat question and answer session at the Bank of America 2026 Industrials, Transportation & Airlines Key Leaders Conference on Wednesday, May 13, 2026, at approximately 2:55 p.m. Eastern Time.
The presentation will be available live via webcast on the investor relations section of Parsons’ website (https://investors.parsons.com). A replay of the webcast will be available on the website following the presentation for 30 days.
About Parsons Corporation
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.
| Contacts: | ||
| Media | Investor Relations | |
| Bernadette Miller | Dave Spille | |
| Parsons Corporation | Parsons Corporation | |
| +1 980.253.9781 | +1 571.775.0408 | |
| Bernadette.Miller@parsons.com | Dave.Spille@Parsons.us |
