Press Release Archives - Parsons Corporation Infrastructure, Defense, Security, and Construction Wed, 02 Jul 2025 15:48:05 +0000 en-US hourly 1 Parsons to Announce Second Quarter 2025 Financial Results on August 6, 2025 /2025/07/parsons-to-announce-second-quarter-2025-financial-results-on-august-6-2025/ Thu, 03 Jul 2025 10:25:00 +0000 /?p=31239 CHANTILLY, Va., July 3, 2025 – Parsons Corporation (NYSE: PSN) will release second quarter 2025 financial results before the markets open on Wednesday, August 6, 2025. The company will host […]

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CHANTILLY, Va., July 3, 2025 – Parsons Corporation (NYSE: PSN) will release second quarter 2025 financial results before the markets open on Wednesday, August 6, 2025. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and strategic corporate initiatives.

Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company’s website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here.

A replay will be available on the company’s website approximately two hours after the conference call and continuing for one year.

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 intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

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Parsons Acquires Chesapeake Technology International /2025/07/parsons-acquires-chesapeake-technology-international/ Tue, 01 Jul 2025 10:53:13 +0000 /?p=31226 Acquisition bolsters Parsons’ electromagnetic warfare and all-domain solutions for the U.S. Defense market CHANTILLY, VA (July 1, 2025) – Parsons Corporation (NYSE:PSN) announced today that it has acquired Maryland-based Chesapeake […]

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Acquisition bolsters Parsons’ electromagnetic warfare and all-domain solutions for the U.S. Defense market

CHANTILLY, VA (July 1, 2025) – Parsons Corporation (NYSE:PSN) announced today that it has acquired Maryland-based Chesapeake Technology International, Corp (CTI), a portfolio company of Bluestone Investment Partners, in a transaction valued at $89 million.

Founded in 2000, CTI strengthens Parsons’ defense customer posture with the Special Operations forces and enhances Parsons’ position in the Indo-Pacific Command (INDOPACOM) area of operations. CTI brings extensive capabilities as an all-domain technology solutions provider, powered by cutting-edge products that enhance the warfighters’ ability to sense, evaluate and deliver effects within the invisible battlespaces. These capabilities are critical for modern warfare and align with the new administration’s spending priorities.

The transaction is consistent with Parsons’ strategy of completing accretive acquisitions of companies with revenue growth and adjusted EBITDA margins of at least 10%, while adding critical intellectual property that strengthens the company’s existing portfolio. CTI’s 225+ employees, 87 percent of whom hold security clearances, will be aligned to Parsons’ Defense & Intelligence business unit.

“Acquiring CTI is a logical addition to our growth strategy, enhancing our mission-ready solutions for the Department of Defense,” said Carey Smith, chair, president, and CEO of Parsons. “CTI’s spectrum dominance solutions strengthen our portfolio and position us to capture a larger share of the full-spectrum operations market, which is poised for increased government funding due to evolving near-peer threats. Their commitment to addressing our nation’s security challenges aligns perfectly with Parsons’ mission and culture. I welcome their talented team into the Parsons family as we imagine next, together.”

CTI is headquartered in Prince Frederick, Maryland, and focuses on developing advanced, warfighter-focused solutions for military and security applications. Providing a vertically integrated solution stack, CTI allows its customers to SEE (Sense, Evaluate, Effect) the invisible battlespaces and close the target engagement cycle. CTI maintains domain expertise in the electromagnetic spectrum, cyberspace, autonomous systems, and special communications and has a track record of transitioning its prototyped solutions to fielded systems for operational commands.

“We are excited to join forces with Parsons, an ongoing partnership that represents a shared vision for innovation and excellence in serving our nation’s warfighters,” said Dustan Hellwig, co-founder and Chief Strategy Officer of CTI.  “Our cultures are deeply aligned, focusing on relentless innovation and a commitment to enhancing capabilities that directly support the mission of those who protect our freedoms. Together, we will leverage our combined strengths to expand our customer base and deliver cutting-edge solutions that effectively address the evolving challenges faced by the Department of Defense.”

The transaction is valued at $89 million, or approximately 10x CTI’s estimated 2026 adjusted EBITDA. For 2026, CTI is expected to generate revenue of approximately $89 million. Parsons expects the transaction to be accretive to its fiscal year revenue growth rate, adjusted EBITDA margin, and adjusted diluted earnings per share. Parsons was advised by Raymond James.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends, and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results, and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results, or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local, or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations, and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations, or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train, or retain employees with the requisite skills, experience, and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews, and investigations, which may result in materially adverse judgments, settlements, or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

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Parsons Corporation Is Ready Now to Build America’s Brand New, State-Of-The-Art Air Traffic Control System /2025/06/parsons-corporation-is-ready-now-to-build-americas-brand-new-state-of-the-art-air-traffic-control-system/ Tue, 24 Jun 2025 11:27:50 +0000 /?p=31174 Parsons and IBM join forces to design solutions for a national airspace system with enhanced safety and efficiency. CHANTILLY, VA – June 24, 2025 – Today, Parsons Corporation (NYSE: PSN) […]

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Parsons and IBM join forces to design solutions for a national airspace system with enhanced safety and efficiency.

CHANTILLY, VA – June 24, 2025 – Today, Parsons Corporation (NYSE: PSN) and IBM (NYSE: IBM) announced a collaboration to deliver on President Donald Trump’s and Transportation Secretary Sean Duffy’s vision for a brand new, state-of-the-art air traffic control system. This collaboration directly responds to Secretary Duffy’s call for world-class innovators to rapidly spearhead the overhaul of the Federal Aviation Administration’s (FAA) National Airspace System (NAS), prioritizing an open vendor agnostic approach that enables the agency to leverage the latest technologies and continuously improve their systems based on real-time feedback and evolving needs. Parsons would serve as the prime contractor and single point of accountability, providing unified leadership and full program responsibility to ensure mission success.

A safe, efficient, and modern NAS is the foundation for a reliable U.S. aviation system, supporting travel, economic prosperity, and national security. Encompassing everything from air traffic control and air navigation facilities to airports, regulations, and personnel, the NAS is regarded as the global gold standard of air transportation systems. By combining Parsons’ deep FAA experience, proven large-scale program delivery success, and systems engineering and integration capabilities with IBM’s federal government and cross industry, systems integration experience, the collaboration aims to respond to Secretary Duffy’s bold call to action and lay the foundation for a safer, more resilient aviation ecosystem. 

“This partnership represents two American industry leaders bringing together a combined nearly 200 years of experience and expertise in complex program management and systems integration to deliver a state-of-the-art air traffic control system for our nation,” said Carey Smith, Chair, President, and Chief Executive Officer of Parsons Corporation. “This top priority initiative requires a company that knows the FAA and can hit the ground running to ensure the safety, prosperity and growth of our communities that depend on airspace efficiency. We are excited to collaborate with IBM to ensure that this initiative receives the right expertise to rapidly deliver on the FAA’s critical mission. Together, we bring the agility, commitment, and innovation required to transform America’s airspace and realize the administration’s vision for a safer, stronger, and more efficient air traffic management system.”

Parsons, a leading global infrastructure and solutions delivery partner, has planned, designed, constructed, managed, enhanced, and sustained terminal, landside, and airside infrastructure for over 450 airports in 40 countries. The company has been the FAA’s infrastructure partner for nearly 50 years and under the FAA’s Technical Support Services contract, leveraging its engineering, infrastructure, and project management expertise to support the FAA capital program goals. Under the contract, Parsons implements initiatives across the FAA’s Aviation System Capital Improvement Program including project management; infrastructure modernization; systems and equipment installation and testing at more than 600 locations; and health, environmental, engineering, and construction management services. In addition, Parsons was recently rated as the number one program manager by Engineering News Record and one of the top three companies for construction management.

“We are proud to bring our expertise and technology to this once-in-a-generation opportunity,” said Mohamad Ali, Senior Vice President at IBM. “In partnership with Parsons, we’re excited to respond to the administration’s call to help modernize the National Airspace System. This is just the beginning, and our shared commitment to an open approach ensures that we can integrate the best available technologies to build a safe, stable and future ready airspace infrastructure that will serve the nation for decades to come.”

IBM has served the U.S. federal government for almost its entire 114-year history, providing federal government agencies with the technology and expertise that helps reduce administrative burdens, improve the delivery of citizen services and optimize resources to drive a more efficient and effective government.

To learn more about Parsons and IBM’s plan to build the FAA’s brand new, state-of-the-art air traffic control system, visit /restoring-american-airspace/.

About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service.

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 intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

Forward-looking statement

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

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Parsons Named #1 Program Management Firm By Engineering News-Record /2025/06/parsons-named-1-program-management-firm-by-engineering-news-record/ Mon, 23 Jun 2025 10:25:00 +0000 /?p=31163 Recognition is underpinned by Parsons’ focus on innovation, collaboration, program delivery, and accountability to its clients CHANTILLY, Va. (June 23, 2025) – Parsons Corporation (NYSE: PSN) announced today that the […]

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Recognition is underpinned by Parsons’ focus on innovation, collaboration, program delivery, and accountability to its clients

CHANTILLY, Va. (June 23, 2025) – Parsons Corporation (NYSE: PSN) announced today that the company was ranked #1 on Engineering News-Record’s (ENR) annual list of Top 50 Program Management Firms. This ranking, which is two spaces ahead of the company’s spot from the 2024 list, demonstrates the company’s global leadership and top performance in complex program management and program delivery for the world’s toughest projects. 

“Parsons is the world’s leading solutions delivery partner,” said Carey Smith, chair, president, and CEO for Parsons. “Customers around the world trust Parsons’ to deliver results on their most complex and challenging programs, leveraging our depth of experience in program management, systems engineering, and integration to successfully deliver optimal performance on-cost and on-schedule.”

“This ranking as the top program management firm in the world, along with continual high rankings in construction management, exemplify our company’s commitment to program excellence, accountability, and delivery success that make impossible projects possible. When faced with a project, our employees focus on innovation, collaboration, and results.”

Parsons is actively overseeing transportation, defense, aviation, urban development, and federal facility infrastructure programs with a total constructed value of over $1 trillion. The company’s notable program management and construction management projects span markets and continents, including:

  • Delta Conveyance Project – Our water experts have helped save 18 months on the master program schedule through innovative sequencing and alternative project delivery strategies; while efficient use of funds helped the client stretch their operational budget.
  • FAA Technical Support Service Contract (TSSC) – Parsons provided safe and on-time delivery of projects at more than 500 airports around the United States.
  • National Nuclear Security Administration PM/CM – Our team reduced the analysis of alternatives process from more than a year to three months through dedicated resources and development of a streamlined approach.
  • King Abdullah Financial District (KAFD) – Parsons provided PM/CM services for KAFD Area 2 in Riyadh. Tasked with managing numerous development-wide activities, our team has successfully restored and handed over 96 percent of the structures to date.

In addition to the top program management ranking, Parsons was ranked number two on the Top 100 Professional Services Firms list; number two on the Top 100 Construction Management/PM-for-Fee Firms list; number three on the Top 50 Construction Management Firms list; and number six on the Top 20 Firms in Combined Design and CM-PM Professional Services Revenue list. 

Parsons provides a full spectrum of program and construction management solutions across numerous industries, including aviation, rail and transit, and water and wastewater. Whether delivering planning and design, construction and operations, owner’s engineer, or integrated PMO services, the company works closely with all project stakeholders to ensure successful project delivery. For more than 80 years, our experts have helped design and deliver the global infrastructure that connects and protects communities around the world.

To learn more about Parsons’ program management expertise, visit Parsons.com/program-management.

ENR compiles these annual rankings based on self-reported revenue data. For more information on the lists, visit ENR.com/toplists.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

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Parsons Awarded $137M Defense Threat Reduction Agency Task Order For Cyber Operations /2025/06/parsons-awarded-137m-defense-threat-reduction-agency-task-order-for-cyber-operations/ Thu, 19 Jun 2025 10:30:00 +0000 /?p=31134 CHANTILLY, VA. (June 19, 2025) – Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $137 million ceiling value contract by the Defense Threat Reduction Agency (DTRA) […]

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CHANTILLY, VA. (June 19, 2025) – Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $137 million ceiling value contract by the Defense Threat Reduction Agency (DTRA) for cyber operations. The single award was issued under the Assessment, Exercise, Modeling and Simulation, and Support (AEMSS) indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC) with a one-year base period of performance and four one-year option periods plus one six-month option period and is new work for the company. Parsons will provide specialized cyber operations capabilities including cyber assessments and subject matter experts supporting cyber operations, development, analysis, and research.

“Every day, Parsons’ skilled professionals and extensive cyber operations experience are empowering our customers to counter and mitigate threats to U.S. safety and security,” said Jon Moretta, President, Engineered Systems, for Parsons. “We have supported DTRA’s mission to prevent, reduce, and counter threats to national security for decades, and we remain committed to enhancing our nation’s readiness to combat cyber threats and protect citizens and critical infrastructure.”

This award is Parsons’ third task order under the AEMSS IDIQ MATOC and continues to grow the company’s work with DTRA. Previous task orders include work to identify and mitigate a broad spectrum of vulnerabilities and threats to mission critical facilities, and building partner nation capabilities to detect, interdict, and deter weapons of mass destruction and related items at land, air, and maritime ports of entry.

For decades, Parsons has supported cybersecurity operations worldwide with leading-edge technical innovations, mission planning and automation solutions, cyber threat intelligence, and advanced cyber threat hunting and incident response. The company’s experience spans national security missions and protecting critical infrastructure through tools and technology that enable a more secure and robust means to solve the toughest cyber challenges.

To learn more about Parsons’ global security and mission solutions, visit Parsons.com/security-and-mission-solutions/.

About Parsons:

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

Forward-Looking Statements:

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

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Parsons Grows U.S. Army Organic Industrial Base Modernization Portfolio with $169.5 Million Award  /2025/06/parsons-grows-u-s-army-organic-industrial-base-modernization-portfolio-with-169-5-million-award/ Mon, 16 Jun 2025 10:25:00 +0000 /?p=31081 CHANTILLY, VA. (June 16, 2025) – Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $169.5 million single award contract by the United States Army Corps of […]

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CHANTILLY, VA. (June 16, 2025) – Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $169.5 million single award contract by the United States Army Corps of Engineers (USACE) Norfolk District to provide design-build delivery services for a new Ammonium Nitrate Solution (ANSol) Tank Farm at Holston Army Ammunition Plant (HSAAP). The four-year contract is new work for the company. 

Under this contract, Parsons will provide integrated delivery services for the ANSol tank farm, enabling the HSAAP to increase storage requirements for ANSol, a byproduct of the explosives manufacturing process. The new tank farm will replace HSAAP’s existing storage tanks to support expanded manufacturing at the Government Owned Contractor Operated facility. 

“Parsons is a trusted partner in advancing the U.S. Army’s Organic Industrial Base (OIB) Modernization Implementation Plan,” said Jon Moretta, President, Engineered Systems for Parsons. “Holston Army Ammunition Plant has a vital role in ensuring our nation’s warfighters have what they need when they need it to successfully carry out missions around the world. As the number of organic industrial base modernization projects grow, we remain ready to leverage our experience and innovative technology solutions to improve readiness and operations.” 

The U.S. Army is currently engaged in a multi-year, multi-billion-dollar plan aimed at modernizing the organic industrial base, which encompasses upgrades to facilities, processes, and workforce capabilities throughout depots, arsenals, and ammunition plants. This award grows Parsons’ role in these efforts and is the company’s third USACE Norfolk District award in four years. In 2023, Parsons was selected to deliver a new Explosive Decomposition Chamber facility at HSAAP, and in 2021, the company was awarded a design-build contract for a new Energetic Waste Incinerator/Contaminated Waste Processor at Radford Army Ammunition Plant. 

To learn more about Parsons’ industrial base modernization solutions, visit Parsons.com/industrial-base-modernization/

About Parsons:  

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact. 

Forward-Looking Statements: 

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws. 

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Parsons Celebrates the Completion of 9.1-Mile Light Rail Segment   /2025/06/parsons-celebrates-the-completion-of-9-1-mile-light-rail-segment/ Thu, 12 Jun 2025 18:08:39 +0000 /?p=31073 CHANTILLY, Va. (June 12, 2025) – Parsons Corporation (NYSE: PSN) celebrated two station dedications on the new Foothill Gold Line light rail segment between Glendora and Pomona in Southern California’s […]

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CHANTILLY, Va. (June 12, 2025) – Parsons Corporation (NYSE: PSN) celebrated two station dedications on the new Foothill Gold Line light rail segment between Glendora and Pomona in Southern California’s San Gabriel Valley. The 9.1-mile segment achieved substantial completion in January, and the project has been turned over to the Los Angeles County Metropolitan Transportation Authority (Metro) for final testing, training, and preparation for passenger service, which is anticipated to begin later this year. Once operational, the new extension will be renamed, as it will be part of the 48.5-mile Metro A Line system – the longest light rail line in the country, that will carry passengers between Long Beach and Pomona. 

This extension of the Metro A Line is vital to the region’s vision for a more connected and sustainable transportation network. Once operational, it will offer a fast, efficient, and eco-friendly alternative to driving, significantly improving mobility for commuters in the San Gabriel Valley. Parsons, a leader in rail and transit, led the design of this critical segment while also contributing to construction management, delivering a state-of-the-art solution that meets the growing demand for transit in the area. 

“We are proud of this transformative project and contributing to the region’s future,” said Mark Fialkowski, president of Infrastructure North America for Parsons. “This milestone reflects the dedication of our team, the trust of our partners at the Foothill Gold Line Construction Authority and Metro, and our commitment to delivering solutions that benefit the community.” 

With deep expertise in rail and transit, Parsons has been instrumental in advancing this project, which is part of a broader effort to bring next-generation transportation solutions to the Los Angeles metropolitan area. The firm’s history of successful transit projects enabled the delivery of this light rail extension on time and within budget, reinforcing Parsons’ performance reputation. 

Completing this segment helps expand transit access for communities across Los Angeles County. Once operational, the light rail will connect passengers to key destinations including downtown Los Angeles. The light rail extension aligns with both local and regional goals for reducing traffic congestion and minimizing environmental impacts. Beyond the transportation benefits, this project will provide a substantial economic boost to the region, improving access to jobs, education, and entertainment opportunities for thousands of residents.  

Parsons has decades of experience designing, delivering, and protecting the infrastructure that connects our communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways. Our experience includes more than 10,000 miles of roadways, 4,500 bridges, over 450 rail and transit projects, and more than 50 advanced traffic management system deployments that help cities and states improve safety and travel efficiency while also reducing emissions and energy costs to enhance the quality of life in the communities we serve.  

To learn more about Parsons’ rail and transit expertise, visit /rail-transit/.  

About Parsons 

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact. 

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Parsons Awarded Air Base Air Defense Early Warning Capability Task Order /2025/06/parsons-awarded-air-base-air-defense-early-warning-capability-task-order/ Tue, 10 Jun 2025 13:29:19 +0000 /?p=31016 CHANTILLY, Va., (June 10, 2025)— Parsons Corporation (NYSE: PSN) has been awarded a $94.5 million ceiling value task order under the Air Base Air Defense (ABAD) indefinite delivery, indefinite quantity […]

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CHANTILLY, Va., (June 10, 2025)— Parsons Corporation (NYSE: PSN) has been awarded a $94.5 million ceiling value task order under the Air Base Air Defense (ABAD) indefinite delivery, indefinite quantity contract. The task order represents new work for the company, and includes a 12-month base year performance period and two 12-month option periods to deliver separable lines of effort related to the integration, test, fielding, and sustainment of command-and-control and early warning capabilities throughout the U.S. Air Forces in Europe and Air Forces in Africa area of operations.

“This task order represents a continuation of our position at the forefront of defending our nation’s global warfighters with innovative solutions designed to rapidly detect, alert, deny, or defeat threats ranging from low-cost irregular attacks to hypersonic weapons,” said Mike Kushin, president of Defense and Intelligence for Parsons. “Our tailored solutions, all-domain expertise, and next-generation commercial detect and defeat capabilities enable us to deliver constant and reliable protection to the U.S. Air Force.”

The 9-year ABAD IDIQ effort includes a focus on the maturation of an all-domain system comprised of commercial off-the-shelf and government off-the-shelf software and hardware technologies with an integrated design to protect existing and future air bases. Parsons touches every aspect of the all-domain battlespace: from space operations to edge computing and full-spectrum cyber; to ground-based command and control systems; including solutions for defeating non-kinetic threats. The company’s proven operational capabilities will ensure all-domain superiority and information dominance to accelerate decision making in permissive through highly contested environments.  

For more information about Parsons’ missile defense solutions, please visit www.parsons.com/national-security/.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

Forward Looking Safe Harbor Statement

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-11 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

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Parsons Receives 2025 Engineering Excellence Honor Award for Deer Creek Sanitary Tunnel and Pump Station Project /2025/06/parsons-receives-2025-engineering-excellence-honor-award-for-deer-creek-sanitary-tunnel-and-pump-station-project/ Thu, 05 Jun 2025 19:15:02 +0000 /?p=30988 CHANTILLY, Va. (June 5, 2025)—Parsons Corporation (NYSE: PSN) is proud to announce that the American Council of Engineering Companies (ACEC) at the national Engineering Excellence Awards (EEA) has awarded the […]

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CHANTILLY, Va. (June 5, 2025)—Parsons Corporation (NYSE: PSN) is proud to announce that the American Council of Engineering Companies (ACEC) at the national Engineering Excellence Awards (EEA) has awarded the Deer Creek Sanitary Tunnel and Pump Station project a 2025 Honor Award in the Water and Wastewater category. This prestigious recognition highlights Parsons’ commitment to delivering transformative engineering solutions that address contemporary challenges and promote a sustainable future.

Previously, the project received the Grand Award in the Water and Wastewater category from ACEC Missouri, underscoring its exceptional engineering achievements at the state level. As the Deer Creek Watershed Consultant for the Metropolitan St. Louis Sewer District (MSD), Parsons played a pivotal role in this major initiative, one of the first large-scale projects under MSD’s Capital Improvement Program.

“The Deer Creek Sanitary Tunnel and Pump Station project exemplifies our dedication to improving vital infrastructure that enhances environmental sustainability and safeguards communities,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “By leveraging innovative engineering and design, we’ve helped create a resilient system that will manage stormwater effectively and protect the region’s water resources.”

The Deer Creek Watershed in St. Louis County encompasses approximately 24,000 acres served by sanitary systems, including over 100 miles of sanitary and combined sewer. The extensive project, which spanned several years, involved preliminary and final design and construction-phase services for a tunnel, pump station, eight shafts, five diversion structures, and five hydraulic drop structures. One of the key components of the project was the design of a wet weather sanitary storage facility aimed at attenuating peak wet weather flows, mitigating overloading of the Deer Creek Trunk sewer, and preventing downstream sewer overloading, including at the Lemay Wastewater Treatment Plant.

The tunnel, approximately four miles long and 19 feet in diameter, was constructed 175 feet below the surface in solid rock and can store over 38 million gallons of wastewater during wet-weather events. This innovative solution ensures that the region can effectively manage excess stormwater, reduce environmental impacts, and maintain the integrity of its critical wastewater infrastructure.

Parsons has decades of experience designing, delivering, and protecting the infrastructure that connects our communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways. Our experience includes more than 10,000 miles of roadways, 4,500 bridges, and more than 50 advanced traffic management system deployments that help cities and states improve safety and travel efficiency while also reducing emissions and energy costs to enhance the quality of life in the communities we serve.

To learn more about Parsons’ water and wastewater expertise, visit /markets/water-wastewater/.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

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Parsons Selected for the Austin-Bergstrom International Airport Program Management Contract /2025/06/parsons-selected-for-the-austin-bergstrom-international-airport/ Tue, 03 Jun 2025 10:30:00 +0000 /?p=30946 Chantilly, Va. (June 3, 2025) – Parsons Corporation (NYSE: PSN) announced today that the company was one of seven lead consultants selected by the City of Austin to provide program […]

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Chantilly, Va. (June 3, 2025) – Parsons Corporation (NYSE: PSN) announced today that the company was one of seven lead consultants selected by the City of Austin to provide program management services in support of the Rolling Capital Improvement Program and the once-in-a-generation Journey With AUS, the expansion and development program for the Austin-Bergstrom International Airport (AUS).

Under the contract, consultants will provide comprehensive program management support services to supplement the City’s Department of Aviation staff with qualified professionals in program, project, and construction management to ensure the timely and efficient delivery of projects.

“We have served as a trusted partner in Texas for over 60 years and are honored to continue supporting Austin’s growth and development,” said Sean Tenney, Texas regional manager for Parsons’ Infrastructure North America division. “Our team is dedicated to delivering exceptional program management services that will help modernize AUS and drive economic growth in the region. We look forward to collaborating with the City and other stakeholders to achieve the project’s goals.”

The Journey With AUS program is a comprehensive five to seven-year initiative designed to modernize and expand AUS to meet the region’s growing demands. The project includes expanding the Barbara Jordan Terminal, new facilities, infrastructure improvements, enhanced parking and ground transportation, sustainability initiatives, technology upgrades, and commercial development. It aims to increase capacity and improve operational efficiency while elevating the passenger journey with an authentic Austin and Central Texas experience.   

Parsons has a rich history of combining international expertise with regional strength to deliver innovative infrastructure projects that bring people closer together. The company has planned, designed, constructed, managed, enhanced, and sustained terminal, landside and airside infrastructure for over 450 airports in 40 countries. With extensive international project experience, Parsons has a deep understanding of global agency standards in accordance with the Federal Aviation Administration, the International Civil Aviation Organization, and the International Air Transport Association.

To learn more about Parsons’ aviation expertise, visit parsons.com/aviation/.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

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