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Parsons Corporation
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The UK's benchmark FTSE 100 index fell to its lowest level in more than two weeks on Thursday, weighed down by sharp declines in Asia-focused lenders and miners after reports of tighter offshore banking restrictions in China. Lower crude oil prices also dragged energy stocks lower, adding to the market's weakness.
Key Takeaways: Parsons is a proven AI leader with 20years of operational experience. Parsons delivers scalable, real‑world AI applications across national security and infrastructure. AI‑enabled solutions such as autonomous cyber, counter‑UAS detection, electronic warfare planning, and the intelligent network (iNET) smart mobility platform are generating revenue, driving margin expansion, and strengthening Parsons' competitive positioning.
Key Takeaways: Parsons is a proven AI leader with 20+ years of operational experience. Parsons delivers scalable, real‑world AI applications across national security and infrastructure.
CHANTILLY, Va., June 03, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN), a leading disruptive technology provider supporting national security missions across all domains, announced today it has been awarded a $28 million task order from the U.S. Air Force to provide comprehensive Field Site Support under the Global Application Research, Development, Engineering, and Maintenance (GARDEM) 2 program.
Highlights Zepharis Software Suite advances SealingTech's approach to delivering "deployable anywhere" solutions by bringing a unified software line to our high-performance edge compute products. Within the suite, Zepharis AI incorporates powerful agents and retrieval-augmented generation (RAG) technology, improving efficiency and operational success.
Thunder Bay, Ontario--(Newsfile Corp. - June 1, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (OTC Pink: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) and Benton Resources Inc. (TSXV: BEX) (The Companies) are pleased to announce they have substantially increased its land positions in the Deer Lake Basin, more than doubling the size of the Smoking Gun Project expanding from 242 claim units to 654 claim units covering 163.5 km2. The Companies have jointly acquired through staking an additional 214 claim units at Parson's Pond, expanding the project from 427 claim units to 641 claim units, covering 160.3 km2.
CHANTILLY, Va. , June 01, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $99 million single-award task order to provide research, development, engineering, prototyping, integration, testing, and demonstration of technologies in support of Global Application Research, Development, Engineering and Maintenance 2 (GARDEM 2) Command and Control, Space and Intelligence, Surveillance and Reconnaissance (C2-SpISR) software baselines.
CHANTILLY, Va., June 01, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $99 million single-award task order to provide research, development, engineering, prototyping, integration, testing, and demonstration of technologies in support of Global Application Research, Development, Engineering and Maintenance 2 (GARDEM 2) Command and Control, Space and Intelligence, Surveillance & Reconnaissance (C2-SpISR) software baselines.
On May 28, 2026, Parsons Corp (PSN) shares rose 3.5% to $58.83, reflecting a positive sentiment in the market. The stock has experienced a 52-week range between
On May 22, 2026, Parsons Corp (PSN) shares rose 3.7% today, bringing the current price to $53.71. The stock has traded within a 52-week range of $48.23 to $89.5
This engineering firm's stock is getting cheaper even though its business is getting more profitable.
CHANTILLY, Va., May 19, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the Los Angeles County Transportation Authority (Metro) has opened the D Line Subway Extension Section 1 project.
Parsons may be one of the most overlooked ways to invest in artificial intelligence (AI) because its biggest opportunities happen behind classified doors, not in public headlines.
On May 13, 2026, Parsons Corp (PSN) shares experienced a decline of 4.5%, bringing the current price to $50.34. This drop contributes to a challenging performan
Parsons Corporation (PSN) Presents at Bank of America 33rd Annual Industrials, Transportation and Airlines Key Leaders Conference Transcript
CHANTILLY, Va., May 12, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the United States Air Force (USAF) and its 75th Civil Engineer Group at Hill Air Force Base for a multiple award task order contract (MATOC) to provide architect-engineer services across the installation.
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.
During the quarter, we initiated new Garden positions in Onto Innovation, Baldwin Group and Freshpet. In addition to Compass, we added to our positions in Ollie's Bargain Outlet and Flowserve during the quarter. We ended our investment campaigns in Penumbra, JBT Marel and Parsons during the quarter.
CHANTILLY, Va., May 07, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the Defense Threat Reduction Agency (DTRA) has exercised Option Year 3 on the Vulnerability Assessments task order under the agency's $170 million ceiling value Assessments, Exercises, Modeling and Simulation Support (AEMSS) IDIQ. The option year has a value of $34 million, with a one-year performance period. Originally awarded in 2023, DTRA has now exercised three of the four option years available on the IDIQ.
CHANTILLY, Va. , May 05, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a position on a $2 billion multiple award task order contract (MATOC) by the U. S. Army Corps of Engineers (USACE) to deliver energy resilience and infrastructure modernization projects at military installations nationwide.
CHANTILLY, Va., May 05, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a position on a $2 billion multiple award task order contract (MATOC) by the U.S. Army Corps of Engineers (USACE) to deliver energy resilience and infrastructure modernization projects at military installations nationwide. The contract supporting the Department of War (DoW) Energy Resilience and Conservation Investment Program (ERCIP) has a three-year base performance period and seven one-year option periods. This award represents new work for the company.
ANNAPOLIS, Md., May 4, 2026 /PRNewswire/ -- EVERYWHERE Communications today announced a strategic partnership with Parsons Corporation (NYSE: PSN) to advance next-generation autonomous drone capabilities under a Small Business Innovation Research (SBIR) initiative, focused on enabling reliable operations in disconnected and austere environments.
CHANTILLY, Va., May 04, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded a contract by The Boring Company (TBC) to provide professional services in support of the Dubai Loop project, an underground transportation initiative being developed in Dubai, United Arab Emirates. This 9-month contract represents new work for Parsons.
Parsons Corporation (PSN) Q1 2026 Earnings Call Transcript
Parsons (PSN) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.7 per share. This compares to earnings of $0.78 per share a year ago.
Q1 2026 Financial Highlights Q1 revenue of $1.5 billion decreased 4% year-over-year and 8% on an organic basis Revenue growth of 8% excluding confidential contract; 3% on an organic basis Net income of $53 million decreased $13 million year-over-year Adjusted EBITDA increased 1% to $151 million, a Q1 record Adjusted EBITDA margin expanded 50 basis points to a record 10.1% Cash flow used in operating activities of $4 million, a Q1 record Book-to-bill ratio of 1.4x in both segments extends company streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPO Total and funded backlog increased to a record $9.3 billion and $6.6 billion, respectively Reiterating fiscal year 2026 guidance ranges CHANTILLY, Va., April 29, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced financial results for the first quarter ended March 31, 2026.
V2X (VVX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CHANTILLY, Va., April 27, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) joined the Georgia Department of Transportation (GDOT), the State Road and Tollway Authority (SRTA), project partners, and community leaders to mark the groundbreaking of the State Route 400 (SR 400) Express Lanes Project on April 22.
Parsons (NYSE: PSN - Get Free Report) will likely be posting its Q1 2026 results before the market opens on Wednesday, April 29th. Analysts expect Parsons to post earnings of $0.70 per share and revenue of $1.5072 billion for the quarter. Individuals may visit the the company's upcoming Q1 2026 earning results page for the latest
Cwm LLC lessened its holdings in Parsons Corporation (NYSE: PSN) by 34.4% in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,505 shares of the company's stock after selling 10,246 shares during the period. Cwm LLC's holdings in Parsons were worth $1,205,000
Parsons (PSN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CHANTILLY, Va., April 20, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been selected by the Los Angeles Department of Water & Power (LADWP) to provide demand response technology, integration, and services to help manage and optimize the operation of distributed energy sources within the electrical grid.
U.S. defense spending is rising sharply. Specialized contractors are positioned to benefit the most from rising demand for AI hardware and software, cybersecurity, and missile tracking technology.
CHANTILLY, Va., April 15, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company's joint venture (JV) with GSI Americas Inc. (GSIA) was awarded a $25 million contract by the United States Coast Guard (USCG) for program management services. This new work for the company includes a one-year base period of performance and four one-year option periods.
CHANTILLY, Va., April 14, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been selected by the New York City Department of Environmental Protection (DEP) to provide construction management services for the Newtown Creek Combined Sewer Overflow Storage Tunnel project in New York City.
Parsons was selected to lead the design of the $409 million Roosevelt Bridge Replacement Project over Lake Texoma in Bryan and Marshall Counties, Oklahoma.
CHANTILLY, Va., April 10, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) is proud to announce the company's Europe Middle East and Africa team received two awards at the Big Project Middle East Awards 2026 marking the third consecutive year the team has been recognized by the awarding body for exceptional work.
Flagship Harbor Advisors LLC purchased a new stake in Parsons Corporation (NYSE: PSN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,681 shares of the company's stock, valued at approximately $845,000. A number of other institutional investors have also recently
CHANTILLY, Va., April 08, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN), a leading provider of national security and global infrastructure solutions, today announced the unification of its aviation capabilities into a single, integrated North American Aviation organization.
CHANTILLY, Va., April 06, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced that the company has been selected by the Utah Department of Transportation (UDOT) to develop, implement, and maintain a statewide Vehicle-to-Everything (V2X) Maintenance and Management System, further expanding the company's leadership in connected vehicle technologies and intelligent transportation.
SG Americas Securities LLC lifted its position in Parsons Corporation (NYSE: PSN) by 771.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,033 shares of the company's stock after purchasing an additional 27,470 shares during the quarter. SG
Parsons Corporation (NYSE: PSN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fifteen analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company.
CHANTILLY, Va., April 01, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will release first quarter 2026 financial results before the markets open on Wednesday, April 29, 2026. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and guidance, followed by a question-and-answer session.
CHANTILLY, Va., April 01, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has been selected by Al Ittihad Club Company, the oldest sports club in Saudi Arabia, as the project management consultant for the Al Ittihad Sports Village in Jeddah.
CHANTILLY, Va., March 25, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced its role as the lead designer for the design-build team delivering the Virginia Department of Transportation's (VDOT) Interstate 64 (I-64) Hampton Roads Express Lanes (HREL) Norfolk Segment 1B, a vital project that fills a critical bi-directional gap in the corridor's current Express Lanes toll lane system.
Parsons was recently awarded work supporting the Georgia Department of Transportation's (GDOT) upgrade of its Advanced Traffic Management System (ATMS).
CHANTILLY, Va., March 19, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today a single award classified contract for continued work in support of the U.S. Government, valued at over $47 million.
Parsons has completed integration, testing, and operational acceptance of the first Raven Defense SPARTAN into the OrbitXchange global antenna network.
CHANTILLY, Va., March 18, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation announced today that it has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2026 World's Most Ethical Companies.
CHANTILLY, Va., March 17, 2026 (GLOBE NEWSWIRE) -- Today, Parsons Corporation (NYSE: PSN) announced a planned transition in its human resources function leadership, promoting Soo Lagasse to chief human resources officer (CHRO), effective April 1, 2026. Lagasse, who currently serves as senior vice president of global talent acquisition and mobility at Parsons, succeeds Susan Balaguer, who notified Parsons' CEO and board of directors of her intent to retire this spring. Balaguer will remain with Parsons through the end of May to ensure a seamless transition.
ArrowMark Colorado Holdings LLC increased its holdings in shares of Parsons Corporation (NYSE: PSN) by 212.5% during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,000 shares of the company's stock after buying an additional 85,000 shares during
Parsons Corporation (NYSE: PSN - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday. The company traded as low as $56.16 and last traded at $56.1230, with a volume of 194512 shares changing hands. The stock had previously closed at $56.81. Wall Street Analyst Weigh In A number of equities
VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of satellite data, analytics and intelligence, today announced John Martinez has been appointed to Spire's board of directors, effective March 9th, 2026. Mr. Martinez currently serves as the Chief Legal Officer at Parsons Corporation (NYSE: PSN), a leading disruptive technology provider in the national security and global infrastructure markets with more than 21,000 employees around the w.
NEW YORK, March 11, 2026 /PRNewswire/ -- Zephyr , a subsidiary of Informa plc (LSE: INF), and a recognized leader in asset and wealth management software has released its highly anticipated PSN Top Guns Managers of the Decade List for 2025 . This list is a prestigious recognition given to managers who have demonstrated exceptional performance over a ten-year period.
Citigroup Inc. reduced its holdings in shares of Parsons Corporation (NYSE: PSN) by 94.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,225 shares of the company's stock after selling 419,340 shares during the quarter. Citigroup Inc.'s
