Parsons Corp is a technology-driven engineering and construction firm that specializes in providing services to the defense, security, and infrastructure sectors. The company focuses on delivering innovative solutions to complex challenges, leveraging advanced technologies and data analytics to enhance project outcomes. Parsons’ expertise spans a wide range of capabilities, including cybersecurity, intelligence analysis, and systems engineering, thereby playing a pivotal role in modernizing critical infrastructure and safeguarding national interests. With a commitment to sustainability and community engagement, Parsons aims to create lasting impacts through its projects and solutions, contributing to the safety and resilience of communities worldwide. Read More
CHANTILLY, Va., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will release third quarter 2025 financial results before the markets open on Wednesday, November 5, 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.
Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. They are also bound to benefit from a friendlier regulatory environment with the Trump administration,
and this excitement has led to a six-month gain of 26.8% for the sector - higher than the S&P 500’s 18.4% return.
Shares of infrastructure and defense services provider Parsons (NYSE:PSN) jumped 6.9% in the morning session after the company announced it won a $13 million government task order and received a price target increase from an analyst at Baird.
CHANTILLY, Va., Sept. 17, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $13 million task order under the National Nuclear Security Administration (NNSA) Counter Nuclear Smuggling System Deployment (CNSSD) multiple award task order contract (MATOC). The task order to deliver end-to-end support for counter-nuclear smuggling systems to countries in the Indo-Pacific region includes a one-year base performance period and six one-year option periods and is new work for the company.
Stability is great, but low-volatility stocks may struggle to deliver market-beating returns over time as they sometimes underperform during bull markets.
CHANTILLY, Va., Sept. 08, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has officially opened its newest facility in Redstone Gateway, reinforcing its commitment to national security, mission-focused innovation, and the Huntsville defense community. Strategically located just outside Redstone Arsenal’s Gate 9, the 27,000-square-foot facility strengthens Parsons’ position as a trusted partner in defense, space, and missile systems.
CHANTILLY, Va., Sept. 04, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded an $81 million Task Order under the Responsive Strategic Sourcing for Services (RS3) contract vehicle by the U.S. Army Combat Capabilities Development Command’s (DEVCOM), Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance, and Reconnaissance (C5ISR). This recompete contract includes a 12-month base performance period and four 12-month option periods to deliver critical radar engineering solutions necessary for the C5ISR to meet its mission needs.
CHANTILLY, Va., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today the successful go-live of the New Jersey Department of Transportation's (NJDOT) Statewide Advanced Traffic Management System (ATMS), powered by Parsons’ cutting-edge Intelligent NETworks (iNET®) smart mobility solution. Launched in collaboration with HNTB Corporation, this milestone marks a significant advancement in traffic management and operations across the state, offering a unified platform for complete transportation network management and operator communication and collaboration.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the defense contractors industry, including Parsons (NYSE:PSN) and its peers.
A number of stocks fell in the pre-market session after an unexpectedly sharp rise in wholesale inflation fueled concerns about rising costs and their impact on corporate profits. The primary catalyst was the July 2025 Producer Price Index (PPI), a measure of inflation at the wholesale level, which jumped 0.9% against forecasts of a 0.2% rise. This represents the most significant monthly increase in over three years, pointing to mounting cost pressures for manufacturers, with tariffs cited as a key factor. This data complicates the Federal Reserve's upcoming interest rate decisions, as persistent inflation may prevent rate cuts, creating a headwind for cyclical sectors like Industrials.
Parsons has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 10.3% to $81.01 per share while the index has gained 5.8%.
Infrastructure and defense services provider Parsons (NYSE:PSN) missed Wall Street’s revenue expectations in Q2 CY2025, with sales falling 5.2% year on year to $1.58 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $6.58 billion at the midpoint. Its non-GAAP profit of $0.78 per share was 5.7% above analysts’ consensus estimates.
CHANTILLY, Va., Aug. 11, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded a $30 million recompete contract by U.S. Army DEVCOM’s (Combat Capabilities Development Command) C5ISR Center. The contract, which Parsons has held for three years, includes a 12-month base performance period and four 12-month option periods to deliver critical radar development engineering efforts necessary for C5ISR Radar to meet its mission needs.
Shares of infrastructure and defense services provider Parsons (NYSE:PSN) jumped 3.1% in the morning session after Baird upgraded the stock to Outperform from Neutral, citing a strong growth outlook. The investment firm also raised its price target to $92 from $78. Baird pointed to expectations of double-digit organic growth and noted potential near-term catalysts that appeared not yet reflected in the stock price. This move followed the company's second-quarter report from the previous day, in which Parsons raised its full-year outlook for revenue and cash flow. The positive sentiment was echoed by Keybanc, which also maintained an "Overweight" rating and increased its price target for the company.
Infrastructure and defense services provider Parsons (NYSE:PSN) fell short of the market’s revenue expectations in Q2 CY2025, with sales falling 5.2% year on year to $1.58 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $6.58 billion at the midpoint. Its non-GAAP profit of $0.78 per share was 5.7% above analysts’ consensus estimates.
