Parsons’ expanding portfolio of mission-focused products – underpinned by artificial intelligence – complements and enhances the company's broader global solutions offerings across national security and critical infrastructure markets.Products including Cyber Fly-Away Kits, AresNXT™, Javelin®, DroneArmor™, TReX®, Peanut™, iNET®, BlueFly®, GOCaaS™, and OrbitXchange™ demonstrate the company's ability to innovate, commercialize, and scale technologies that support customer missions.Parsons continues to invest in product development and commercialization to deliver repeatable, high-value offerings that drive mission outcomes, long-term growth, and margin expansion.
CHANTILLY, Va., July 23, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN), a leading global solutions provider in the defense, intelligence, and infrastructure markets, today highlighted its growing portfolio of mission-focused products – underpinned by artificial intelligence (AI) – that complement and enhance the company's global solutions and help customers address evolving challenges.
Built on decades of operational experience and customer collaboration, Parsons' product portfolio strengthens the company's ability to deliver integrated solutions across complex mission environments. These technologies provide customers with agile, scalable capabilities that enhance decision-making, improve resilience, and support mission success while creating flexible offerings.
“Our innovation is rooted in continuous advancement and a relentless focus on customer outcomes,” said Ricardo Lorenzo, chief technology officer at Parsons. “Parsons is uniquely positioned to combine deep mission expertise, AI-powered solutions, and scalable technologies to solve complex customer challenges. Through our One Parsons approach, we are extending the strength of our existing solutions portfolio by connecting experts across transportation, cyber and electronic warfare, space and missile defense, water and environment, urban development, and critical infrastructure protection.”
The company’s One Parsons approach leverages global expertise to accelerate innovation, strengthen product development, and deliver greater value for customers. Technologies developed in support of one customer mission can be adapted, integrated, and scaled across multiple markets.
“As the global threat landscape and demands on critical infrastructure continue to evolve, Parsons is expanding a product portfolio built around two urgent missions: securing the infrastructure that communities and economies depend on, and delivering AI-enabled, mission-ready technologies that help protect lives,” said Aaron Wajsgras, vice president of product strategy and commercialization at Parsons. “Every offering is rooted in customer outcomes, turning proven innovation into repeatable solutions that help customers operate with faster decision-making, greater resilience, and a mission-critical advantage.”
Parsons' portfolio spans cyber operations, biometrics and identity management, electronic warfare, counter-unmanned aircraft systems (CUAS), space operations, critical infrastructure protection, border security, and transportation. These offerings are sold directly to customers or integrated into larger company solutions.
Domain Superiority: Cyber Fly-Away Kits, TReX®, and Peanut™
Parsons' national security portfolio includes AI-enabled technologies designed to help customers maintain an operational advantage across cyber, electronic warfare, and contested environments.
Cyber Fly-Away Kits provide rapidly deployable defensive cyber capabilities that support cyber hunt and mission assurance activities.TReX® delivers high-fidelity threat emulation and electronic warfare testing capabilities that help customers prepare for evolving threat environments.Peanut™ provides resilient positioning, navigation, and timing (PNT) capabilities that support operations when traditional GPS signals are degraded, denied, or unavailable.
Securing Critical Infrastructure: DroneArmor™, AresNXT™, Javelin®, BlueFly® and TAKaaS
Parsons helps customers protect global critical infrastructure, public venues, transportation systems, and high-consequence assets through a growing portfolio of security and identity management technologies.
AresNXT™ provides next-generation biometric identity management capabilities that improve security, interoperability, and operational efficiency across mobile and enterprise environments.Javelin® delivers secure identity enrollment and verification capabilities that support law enforcement, public safety, national security, and event security missions.Complementing these offerings, DroneArmor™ provides counter-unmanned aircraft system capabilities that help customers detect, identify, and respond to emerging aerial threats, supporting force protection and critical infrastructure security requirements around the world.BlueFly® search-and-rescue system helps first responders and search teams rapidly locate individuals in a difficult environment.TAKaaS offers comprehensive TAK (Tactical Assault Kit/Team Awareness Kit) development, hosting, integration, fielding, and training services unlocking the full potential of the TAK ecosystem and ensuring mission success and effective operations for militaries, security forces, first responders, and event personnel.
Space Solutions: GOCaaS™ and OrbitXchange™
Parsons expansive portfolio of space-focused technologies support resilient satellite operations.
OrbitXchange™ orchestrates automated access to global antenna networks enabling satellite communications, telemetry, tracking, and command services.GOCaaS™ delivers 24/7 operational satellite operations as a service for any satellite delivering automated telemetry, tracking, commanding, mission management, and data delivery within a secure environment, helping government and commercial customers improve efficiency, resiliency, and mission assurance across increasingly complex space environments. Infrastructure Solutions: iNET®
iNET® is a globally deployed platform that helps transportation agencies around the world connect vehicles, infrastructure, and operational systems to improve mobility, safety, and efficiency. Built on Parsons' deep transportation expertise, iNET® demonstrates how the company's One Parsons approach combines digital innovation, infrastructure delivery, and operational experience to help customers build and secure critical infrastructure worldwide.
Parsons’ smart-mobility and traffic-management expertise extend beyond North America into the Middle East, where the company has delivered major ITS, traffic management centers, and smart-city mobility programs across the UAE, Saudi Arabia, Qatar, Oman, Bahrain, and Kuwait. These programs include integrated corridor management, centralized traffic operations centers, real-time monitoring and analytics, connected ITS devices, and multimodal coordination.
Parsons’ products trace their origins to customer missions around the world and are deployed across government, commercial, and critical infrastructure environments. From transportation agencies operating statewide mobility networks to security professionals conducting identity operations, cyber teams defending critical assets, and space operators supporting national security missions, the company’s solutions help customers solve complex challenges while preparing for future operational demands.
To learn more about Parsons' products and technology solutions, visit Parsons.com/products.
About Parsons:
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.
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 Annual Report on Form 10-K for the year ended December 31, 2025, 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 press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.
Parsons delivers integrated industrial base modernization and advanced manufacturing solutions that accelerate mission readiness across defense and infrastructure markets worldwide.Parsons’ enterprise-wide delivery model unites expertise across its Federal Solutions and Critical Infrastructure segments to deliver complete industrial ecosystems at speed and scale.With global execution and proven programs, Parsons supports urgent national security and economic priorities driven by rising demand and sustained government investment in industrial capacity. CHANTILLY, Va., July 21, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today highlighted its delivery of integrated industrial base modernization and advanced manufacturing solutions that are strengthening national security, enabling global infrastructure resilience, and accelerating delivery of mission-critical capabilities across defense and commercial markets.
As demand intensifies to modernize aging infrastructure and scale production of critical capabilities, Parsons delivers integrated, end-to-end solutions that transform how industrial capacity is built, modernized, and sustained. By combining deep engineering expertise, advanced technologies, and global program delivery, the company enables customers to expand production, strengthen supply chains, and deliver operational capability in real time.
“Industrial base modernization is no longer a future priority; it’s an immediate operational requirement,” said Martin Boson, president of Engineered Systems for Parsons. “We are helping redefine how the defense industrial base is modernized, integrating advanced manufacturing, infrastructure, and digital capabilities to rapidly scale production, improve readiness, and deliver mission-critical capacity for today’s and tomorrow’s threats.”
Parsons differentiates through a fully integrated delivery model that unifies planning, engineering, program and construction management, advanced manufacturing, cybersecurity, and environmental solutions expertise into a single approach. This enables the company to deliver complete industrial ecosystems rather than standalone facilities, accelerating timelines, reducing risk, and ensuring mission success. By leveraging capabilities across both its Federal Solutions and Critical Infrastructure segments, Parsons bridges traditionally siloed markets and delivers mission-aligned solutions at scale.
“Industrial base modernization requires more than expanding production; it demands the infrastructure, energy, and systems that sustain it,” said Mark Fialkowski, president of Infrastructure North America for Parsons. “We are delivering integrated solutions across critical infrastructure, from data centers and energy systems to industrial development, to help our customers strengthen resilience, enable economic growth, and build the industrial ecosystems needed to support both national security and commercial demands.”
Parsons’ capabilities span the full spectrum of defense industrial base modernization priorities, from modernizing Army munitions and ammunition facilities to upgrading legacy infrastructure across depots, arsenals, and manufacturing plants. This is demonstrated by the company’s growing role in the U.S. Army’s Organic Industrial Base, including a $169.5 million design-build contract with the U.S. Army Corps of Engineers to deliver a new Ammonium Nitrate Solution Tank Farm at Holston Army Ammunition Plant. The company also supports expanded production capacity through work on Nammo’s new rocket motor production facility in Perry, Florida, strengthening production scale, supply chain resilience, and operational readiness.
The company also delivers complex energetics and specialized facilities, as demonstrated by the Blue Grass Chemical Weapons Stockpile Destruction Project, where Parsons played a central role in the design, construction, operation, and closure of the facility that safely eliminated the nation’s remaining chemical weapons stockpile in support of critical national security objectives. This legacy chemical demilitarization expertise reflects Parsons’ ability to execute highly complex, high-consequence industrial programs requiring advanced safety, regulatory, environmental, and operational expertise.
Beyond the United States, Parsons is executing large-scale industrial and infrastructure programs globally. In the Middle East, the company is advancing economic diversification and industrial growth through initiatives such as the Al Karaana Special Economic Zone in Qatar. Our long record of developing large industrial cities and special economic zones in Saudi Arabia, dating back to the 1970s, such as Jazan and Yanbu Industrial Cities, enables integrated development and long-term resilience. Parsons also delivers mission-critical data center infrastructure across the region to support AI, digital transformation, and secure operations, while strengthening supply chains tied to critical minerals and advanced manufacturing.
In parallel, Parsons is advancing high-tech manufacturing ecosystems, including semiconductor-related infrastructure that strengthens domestic and allied production capacity and enables more resilient supply chains through critical minerals sourcing, processing, and distribution.
The company further integrates digital engineering, environmental remediation, and critical infrastructure protection to modernize legacy industrial sites and enable next-generation manufacturing. By combining lifecycle optimization, regulatory alignment, and mission-critical cybersecurity and physical protection, the company delivers resilient, high-performance facilities designed for sustained operations in complex and contested environments. Its program advisory expertise, including long-standing support to the Department of Energy and the Department of War, helps translate evolving mission requirements into executable infrastructure investments that strengthen the full industrial ecosystem from production through distribution.
Parsons also delivers the critical infrastructure that powers and sustains industrial capacity, including energy and microgrid solutions and industrial water and wastewater systems. In addition, the company is also advancing nuclear energy solutions critical to powering next-generation industrial capacity and strengthening energy resilience. The integrated energy capabilities are delivered across the full lifecycle, supporting both national security missions and commercial energy infrastructure, including energy-intensive industries such as advanced manufacturing and data centers.
These capabilities extend across North America, the Middle East, and other key markets, including Canada, where Parsons supports infrastructure and industrial development aligned with national growth and resource priorities. This global reach, combined with deep technical expertise, positions Parsons to deliver consistent, high-impact outcomes across diverse operational environments.
Demand for industrial base modernization continues to accelerate, driven by geopolitical competition, supply chain vulnerabilities, and significant government investment in munitions production, advanced manufacturing, and critical infrastructure. Parsons is directly aligned with these priorities, helping customers respond to urgent operational needs while building long-term resilience.
With decades of experience delivering complex industrial and infrastructure programs, Parsons continues to enable the next generation of scalable, resilient, and secure industrial capacity, delivering capability at the speed and scale today’s missions demand.
To learn more about Parsons’ industrial base modernization capabilities, visit parsons.com/industrial-base-modernization/ and parsons.com/manufacturing/.
About Parsons
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.
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 Annual Report on Form 10-K for the year ended December 31, 2025, 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 press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.
Parsons was awarded a $33 million contract to deploy its iNET® smart mobility system statewide to support design, development, integration, testing, operations, and maintenance for NYSDOT’s Transportation Systems Management and Operations (TSMO) software system.The award continues Parsons’ success in winning statewide advanced traffic management system deployments.Leveraging Parsons’ infrastructure market knowledge and technology solutions, the company delivers advanced digital solutions like iNET® to global customers. CHANTILLY, Va., July 20, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the New York State Department of Transportation (NYSDOT) to deliver the NYSDOT Statewide TSMO Software System. The $33 million contract includes an enterprise-level deployment of iNET®, Parsons’ intelligent transportation software (ITS) platform, as well as system design, software development, integration, testing, and operations and maintenance services.
This award represents new work for Parsons and establishes another major statewide anchor, joining Georgia and New Jersey, and builds on district-level advanced traffic management system deployments the company previously delivered in New York.
“The modernization of New York’s transportation systems management operations program reflects a forward-looking investment that will enhance agencies’ abilities to operate safer, smarter, and more resilient transportation networks for their citizens,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “Parsons brings deep advanced traffic management system experience, proven software, and a regional team that understands New York’s transportation priorities. We are proud to support NYSDOT as it advances a unified platform for real-time operations across the state.”
Under the contract, Parsons will provide a fully integrated freeway and arterial advanced traffic management system across NYSDOT’s 11 districts. The platform will help NYSDOT enhance overall transportation system efficiency by centralizing operations into a single statewide view, strengthening coordination across districts, and supporting the agency’s long-term TSMO strategy. In addition, the scope includes replacing central processing unit cards for more than 6,000 traffic signal controllers statewide. This program will help the agency improve how it manages transportation systems and delivers reliable mobility for the New York public.
Parsons has more than half a century of experience designing, delivering, protecting, and connecting the infrastructure that links communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways. The company’s ATMS and ITS solutions have been deployed more than 100 times around the world, connecting thousands of devices and traffic signals to monitor, manage, and improve road safety and efficiency. Leveraging digital solutions like ATMS, ITS, as well as digital twins and artificial intelligence, Parsons delivers future-ready solutions that help extend the longevity of infrastructure while elevating the quality of life for the people who rely on that infrastructure every day.
To learn more about iNET®, visit www.parsons.com/products/inet/.
About Parsons:
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.
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 Annual Report on Form 10-K for the year ended December 31, 2025, 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 press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.
Space Ground System Solutions, Inc., a wholly owned Parsons’ subsidiary, secured a five-year, $245 million contract with the U.S. Naval Research Laboratory to advance mission-critical satellite ground systems software and operations.This award continues a 30-year legacy supporting the Blossom Point Tracking Facility.Parsons is a trusted provider of end-to-end space and ground system solutions, including mission engineering, DevSecOps, and secure software-defined architectures. CHANTILLY, Va., July 14, 2026 (GLOBE NEWSWIRE) -- Space Ground System Solutions, Inc (SGSS), a wholly owned Parsons Corporation (NYSE: PSN) subsidiary, announced today that it has been awarded a $245 million indefinite delivery, indefinite quantity (IDIQ) contract from the U.S. Naval Research Laboratory (NRL) to provide software development, sustainment, and operations support for critical satellite mission systems over a five-year period of performance.
Under the Blossom Point Tracking Facility Software and Operations Support contract, Parsons builds on its 30 years of continuous advancement of NRL’s government-owned applications: Neptune® Software for automated satellite command and control and ground equipment control and status, and the Virtual Mission Operations Center (VMOC®) for satellite mission management. The work includes designing, testing, maintaining, and enhancing mission-critical software modules, as well as providing configuration control and cybersecurity for space and ground systems supporting national security missions.
“Continuing our work with the Naval Research Laboratory underscores Parsons’ role in delivering resilient, mission-ready space capabilities,” said Rob McDonough, vice president of Space Operations Services at Parsons. “This award reinforces our demonstrated ability to engineer and sustain secure, software-defined mission systems that enable operational advantage in an increasingly contested space domain. We look forward to advancing innovation with NRL to ensure critical space assets remain agile, integrated, and mission focused.”
The U.S. Naval Research Laboratory is the Department of the Navy’s premier research institution and a leader in space science and technology. It has been instrumental in advancing space-based communications, surveillance, and national defense capabilities for decades. Through this partnership, Parsons will directly support NRL’s mission to innovate and transition cutting-edge technologies to operational use across the Department of War.
For more than 30 years, Parsons has been a leader in delivering end-to-end space and ground system solutions, including mission engineering, satellite communications, space domain awareness, and advanced command-and-control capabilities. The company’s expertise spans the integration of software-defined architectures, secure data transport, and real-time mission operations, enabling customers to maintain decision advantage across complex, multi-domain environments.
For more information about Parsons and its space capabilities, please visit parsons.com/space.
About Parsons
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.
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 Annual Report on Form 10-K for the year ended December 31, 2025, 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 press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.
Investors in Parsons Corporation (PSN - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 20, 2026 $35 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Parsons shares, but what is the fundamental picture for the company? Currently, Parsons is a Zacks Rank #2 (Buy) in the Technology Services industry that ranks in the Top 44% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 76 cents per share to 74 cents in that period.
Given the way analysts feel about Parsons right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Parsons (PSN - Free Report) . PSN is currently holding a Zacks Rank #2 (Buy) and a Value grade of A.
Another valuation metric that we should highlight is PSN's P/B ratio of 3.34. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 4.61. Within the past 52 weeks, PSN's P/B has been as high as 4.98 and as low as 2.32, with a median of 3.12.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. PSN has a P/S ratio of 0.96. This compares to its industry's average P/S of 1.8.
Finally, investors will want to recognize that PSN has a P/CF ratio of 25.12. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 39.87. Over the past 52 weeks, PSN's P/CF has been as high as 37.09 and as low as 17.74, with a median of 23.81.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Parsons is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, PSN feels like a great value stock at the moment.
Parsons announces the launch of AresNXT™, a next-generation biometrics platform that enables secure, scalable identity management across critical infrastructure, national security operations, and large-scale events.The platform delivers true cross-platform compatibility across iOS, Android, and Windows, enabling rapid deployment on existing devices and supporting the shift to iOS environments.AresNXT™ is already demonstrating mission impact through real-world pilot deployments. CHANTILLY, Va., July 08, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced the launch of AresNXT™, a next-generation biometrics platform designed to enable secure, scalable identity management across critical infrastructure, national security operations, and large-scale events.
AresNXT supports the collection, processing, and verification of biometric and biographic data, including fingerprints, facial recognition, and iris scans, enabling fast and informed identity decisions. The platform integrates with secure back-end repositories to provide near real-time verification and improved operational awareness.
“AresNXT is designed to meet the growing demand for fast, reliable identity verification in mission-critical environments,” said Martin Boson, president, Engineered Systems for Parsons. “By delivering a secure, flexible platform that works across devices and operational settings, we enable our customers to make faster, more accurate identity-based decisions with greater confidence.”
The platform combines AI-driven biometric capabilities with advanced voice and speech prompts, supports multiple modalities and sensors, and operates in both connected and offline environments. AI-assisted workflows improve efficiency and consistency, while encryption aligned with Department of War, FBI, and Electronic Biometric Transmission Specification standards, along with integration with the Ares Gateway, ensures secure transactions and centralized data management.
Developed through Parsons’ Internal Research and Development (IRAD) program, AresNXT is purpose-built to meet the growing demand for secure, adaptable biometric solutions in critical infrastructure protection, law enforcement, and event security. Built for flexibility, the platform offers seamless compatibility across iOS, Android, and Windows, facilitating quick deployment on existing devices and supporting the increasing adoption of iOS. By eliminating the need for specialized hardware, AresNXT streamlines operations and enhances scalability.
AresNXT is already demonstrating value through pilot deployments, validating next-generation biometric workflows in real-world environments. In one pilot, a federal law enforcement client deployed AresNXT in Washington, D.C., issuing licenses to field agents on iOS devices. Results showed improved speed and accuracy, reduced system complexity, and enhanced interoperability, demonstrating readiness for operational use.
AresNXT is part of Parsons’ industry-leading biometrics and identity management portfolio, delivering advanced solutions globally to law enforcement, national security, and critical infrastructure customers, including the Department of Homeland Security, Department of State, and Department of War. Building on decades of mission experience, Parsons provides end-to-end biometric capabilities across multimodal data collection, secure identity verification, and enterprise-scale integration, enabling customers to enhance security, improve decision-making, and maintain operational readiness in complex, high-threat environments.
To learn more about Parsons’ biometric and identity management solutions, visit parsons.com/identity-management-and-biometrics/
EXIM Approved: 2464
About Parsons
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.
Parsons has been awarded a three-year contract to provide program management, construction management, and construction supervision for the Lusail City Infrastructure Program in Qatar, one of the Middle East’s most significant master-planned developments.At 38 square kilometers, Lusail’s 19 districts position it as a key driver of investment, tourism, and sustainable growth in Qatar.The award extends Parsons’ nearly 20-year relationship with Qatari Diar, delivering complex urban development programs across the region. CHANTILLY, Va., July 07, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has been selected by Lusail Real Estate Development Company (LREDC), to provide program management, construction management, and construction supervision (PMCMCS) to support the delivery of the Lusail City Infrastructure Program, a master-planned development north of Doha. The three-year contract represents a continuation of Parsons’ ongoing engagement in Lusail under a new contractual arrangement.
Under the contract, Parsons will provide oversight of design and construction, interface management, project controls, quality assurance, and coordination with multiple stakeholders across the program to drive the successful delivery.
“Lusail is one of the most significant urban developments in the region, and we are proud to continue supporting its delivery,” said Ahmed El-Essnawi, Vice President – Qatar Country Manager at Parsons. “Since 2006, we have been working with LREDC to provide project management, construction management and site supervision for infrastructure, utilities, and landscape projects. This new program reflects our longstanding relationship in delivering complex, multi-stakeholder developments that support the Qatar National Vision 2030.”
Spanning 38 square kilometers, Lusail comprises 19 residential, mixed-use, commercial, entertainment, and waterfront districts, including four islands and growing hospitality, reinforcing its role as a catalyst for investment, tourism, and sustainable urban growth in Qatar. This award strengthens Parsons’ position as a trusted delivery partner for complex Middle East development programs, supporting public and private‑sector clients with integrated PMCMCS. In November 2026, Qatari Diar is celebrating its 20th anniversary, a true milestone reflecting two decades of improving the quality of life and its commitment to local communities, partnerships and sustainability.
This award builds on Parsons’ nearly 20 years of partnership with Qatari Diar on the Lusail City program, during which the company has supported the delivery of large scale infrastructure and landmark urban development programs including Lusail Marina District, The Seef Lusail Development, Lusail Plaza, the Lusail Commercial Boulevard, as well as the Qetaifan Islands earning multiple industry recognitions including MEED and Big Project Middle East Awards for Road Project of the Year and Residential/Urban Development Project of the Year, respectively.
Parsons has had a presence in the EMEA region for nearly 70 years, supporting clients across the full project lifecycle. From urban and destination development, transport infrastructure and smart mobility to industrial and commercial development, asset management, and defense and security, Parsons draws on its global expertise and local knowledge to deliver projects that are aligned with national strategic frameworks and priorities.
About Parsons
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.
To join Parsons in creating the future of Europe and the Middle East, visit parsons.com/emea
Investor Relations Contact:
Dave Spille
+1 703.775.6191 [email protected]
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 Annual Report on Form 10-K for the year ended December 31, 2025, 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 press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.
Parsons is a leading PFAS solutions provider in North America.The company combines science-based strategies, in-house R&D, and an advanced contaminants elimination program to develop tailored, cost-effective solutions for customers.Parsons’ four core PFAS solutions include Hot ISCO, UV PFAS Destruction, Thermal Desorption, and AFFF Cleanout.
CHANTILLY, Va., July 06, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced the expansion of its comprehensive solutions to mitigate the impacts of per- and polyfluoroalkyl substances (PFAS) on the environment. A leading provider of PFAS services across the United States and Canada, Parsons leverages 20 years of experience to strengthen its preeminent market position and advance its commitment to delivering sustainable PFAS solutions.
“Our investment in advanced PFAS technologies has positioned Parsons at the forefront of this critical environmental challenge. Our integrated suite of solutions addresses PFAS concerns and helps our clients meet today’s regulatory demands, while shaping the future of sustainable remediation,” said Carey Smith, chair, president, and chief executive officer for Parsons. “PFAS destruction technologies and holistic PFAS solutions are a strong example of how we translate innovation into long-term value for our clients and communities.”
Parsons applies an integrated, science-driven approach to PFAS challenges, combining advanced treatment technologies with practical implementation strategies tailored to each project. With a dedicated team of technologists, Parsons has delivered PFAS solutions for two decades, identifying future emerging contaminants and developing solutions to eliminate these pollutants – including PFAS – ahead of our clients’ needs. Parsons’ industry leading internal research and development program drives continual innovation of new remedial technologies and solutions. The company’s solutions are designed to reduce risk, meet evolving regulatory requirements, and deliver sustainable long-term outcomes at a competitive cost.
At the core of Parsons’ PFAS portfolio are four primary solutions: Hot In Situ Chemical Oxidation (Hot ISCO), Catalyzed Ultraviolet (UV) PFAS Destruction (Catalyzed UV), Thermal Desorption, and Aqueous Film-Forming Foam (AFFF) Cleanout services. Together, these four pillars provide a comprehensive PFAS management offering that span environmental investigation, removal from the consumer product stream, active in-situ and ex-situ destructive PFAS remediation and long-term stewardship.
This broad range of proven yet continuously advancing technologies provides Parsons’ clients with unique solutions and positions the company as a trusted partner for complex PFAS challenges across water, soil, and infrastructure. As new PFAS standards emerge and clients seek more sustainable, cost-effective solutions, Parsons can scale, refine, and integrate these technologies to expand service offerings, enter new markets, and drive continued innovation in PFAS management.
Hot ISCO
A patented technology in the U.S. and Canada, Parsons’ Hot ISCO is the first in-situ destructive technology on the market for PFAS.The technology targets PFAS-impacted source zones by coupling elevated temperatures with in-situ catalyzed chemical oxidation to destroy PFAS in-situ.Hot ISCO is also easily and efficiently applied ex-situ to destroy PFAS mass in contaminated water, wastewater, and manufacturing plant waste streams.This technology addresses difficult-to-reach source areas, without disrupting surface infrastructure, safely, rapidly, and cost effectively, resulting in shorter cleanup timeframes. Thermal Desorption of PFAS
A patented, turn-key solution for on-site applications, thermal desorption uses heat to remove PFAS from soil and other solids, and then destroys PFAS and other contaminants in the off-gas stream.This technology has been fully demonstrated on soil piles up to 2,000 cubic yards in size and in cold weather environments, including a project in the winter in Anchorage, Alaska for the United States Department of War (DOW) and the Defense Innovation Unit (DIU).This proven soil and debris treatment technology is rapidly implementable and scalable to remote and non-remote sites.
UV PFAS Destruction
A patent-pending technology that destroys PFAS in water, wastewater and complex liquid waste streams using UV-based catalytic reactions to break down these persistent compounds.Achieves greater than 99 percent of PFAS destruction under real-world conditions at a small fraction of the cost of competing high-energy and capital cost-intensive technologies.Fully demonstrated at laboratory and field scale for wastewater matrices such as AFFF cleanout solutions, landfill leachate, industrial wastewater, and contaminated groundwater, as well as in regeneration brines.
AFFF Cleanout of Fire Suppression Systems
Parsons’ AFFF cleanout service is an advanced capability that combines the company’s proprietary equipment and methods with PerfluorAd®, a product invented by Cornelsen for which Parsons is the exclusive North American Provider.This method achieves a much higher degree of AFFF system cleanout (99+ percent PFAS removal) at a competitive cost, protecting firefighters and reducing client’s long-term liability.AFFF cleanout service can be combined with Hot ISCO or UV PFAS Destruction for a turnkey, zero waste solution for firefighting clients that mitigates the risk and liability associated with PFAS firefighting foam.
Across installations and complex PFAS-impacted sites, Parsons’ PFAS solutions are being recognized through a growing portfolio of contract wins highlighting both our technical leadership and ability to deliver results at scale.
Thermal Desorption of PFAS in Soil: Joint Base Elmendorf-Richardson (JBER)
Parsons completed a large thermal desorption of PFAS in soil remediation project at JBER in Anchorage, Alaska. The DOW and DIU funded and administered the 2,000 cubic yard soil stockpile project, respectively. The field study included detailed monitoring, sampling and analysis to track the status of PFAS and remedial results.
UV PFAS Destruction Field Demonstration:
Parsons has demonstrated proof-of-concept for the feasibility of an aqueous-electron-based complete defluorination and destruction of PFAS in aqueous phase media simulating wastewater, groundwater, and regeneration brines. Multiple projects are in development throughout North America including the support of VEI Contracting (VEI) who was awarded a pilot project for using this technology on a Canadian federal site with full study completion scheduled for Summer 2027.
AFFF Mobile System Cleanout:
Tucson International Airport – Parsons is managing the cleanout of the airport’s fire response trucks and of the design and execution of the airport wide PFAS remedial investigation.Denver International Airport – In 2025, Parsons managed and completed the cleanout of 20 fire response vehicles and trucks, with an average of 95 percent PFAS removal across the entire fleet.Oakland San Francisco Bay Airport – Parsons oversaw and led the cleanout of six fire response vehicles and one fixed storage tank in 2025. The results achieved a removal of 99 percent PFAS removal from all trucks and the tank.Parsons presented the AFFF cleanout capabilities with the Environment Canada and Climate Change AFFF working group to help Canada industry transition to non-PFAS containing foams. Together, these capabilities reinforce Parsons’ role as a trusted PFAS partner, helping clients navigate evolving regulations, reduce long-term risk, and protect communities and critical infrastructure for the future.
To learn more about Parsons’ PFAS capabilities, visit https://www.parsons.com/pfas/.
Developed by Cornelsen Umwelttechnologie GmbH, PerfluorAd is a biodegradable cleaning agent that forms a bond with PFAS, creating particles that Parsons filters and removes.
About Parsons
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.
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 Annual Report on Form 10-K for the year ended December 31, 2025, 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 press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.
Media Contact:
Bernadette Miller
+1 980.253.9781 [email protected]
Investor Relations Contact:
Dave Spille
+ 1 703.775.6191 [email protected]
Investors with an interest in Technology Services stocks have likely encountered both Parsons (PSN) and Ralliant (RAL). But which of these two stocks presents investors with the better value opportunity right now?
July 01, 2026 06:30 ET | Source: Parsons Services Company
CHANTILLY, Va., July 01, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will release second quarter 2026 financial results before the markets open on Wednesday, July 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.
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 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.
, /PRNewswire/ -- Raft and Parsons Corporation (NYSE:PSN) today announced Parsons' participation in Raft's Partner Program to accelerate the delivery of data, artificial intelligence, and mission-critical capabilities to military operators across the Indo-Pacific. Together, Raft and Parsons are committed to helping the joint force increase lethality, accelerate decision-making, and maintain a decisive advantage in contested environments.
As the Indo-Pacific remains the world's most strategically significant theater, military forces face unprecedented demands to operate across vast distances, under degraded conditions, and against increasingly sophisticated adversaries. Meeting those challenges requires advanced technology and partners willing to work side-by-side with operators, move at operational speed, and continuously adapt to mission needs.
"Our Partner Program is built with intention, and we're proud to welcome Parsons to a growing ecosystem of strategic partners who share our vision and drive long-term growth", said Meghan Grumbach, Vice President of Marketing and Partnerships at Raft.
Through its participation in Raft's Partner Program, Parsons will collaborate with Raft to support modernization efforts across the region, advance data and AI adoption, and deliver capabilities that improve decision advantage, operational resilience, and force effectiveness.
"Our customers need capabilities that work on day one and evolve at the pace of the mission," said Mike Kushin, president of Defense and Intelligence for Parsons. "Together with Raft, we are delivering integrated data and AI solutions that put operators first, accelerating insight, improving mission outcomes, and ensuring the joint force can outpace emerging threats across the Indo-Pacific."
This engagement reflects a broader shift in defense modernization toward continuous collaboration between operators and industry. A recent example of this collaboration was the Pacific Operator Training, where Raft and Parsons brought together military leaders and operators from across the joint force to educate and train on modern data architectures, artificial intelligence, and mission technologies currently supporting operational missions throughout the Pacific.
By combining their expertise and maintaining a relentless focus on mission outcomes, Raft and Parsons will continue leading the modernization efforts that are strengthening operational readiness across the Indo-Pacific.
About Raft
Raft is a leading defense technology company delivering mission-critical data and AI software for the U.S. Department of Defense and national security community. Its products connect data, systems, sensors, and operators from the tactical edge to the enterprise, enabling faster, more informed decisions across air, land, sea, space, cyber, and autonomous systems. Visit teamraft.com and follow Raft on LinkedIn to learn how we're building the future of modern warfare.
About Parsons
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.
Parsons (PSN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Key Takeaways: Parsons provides full-spectrum cyber and electromagnetic solutions that enhance spectrum superiority, cyber resilience, and multi-domain operations. Artificial intelligence and machine learning are foundational across the company's portfolio, powering automation, decision support, offensive and defensive cyber operations, and advanced signal/data analysis to improve speed, precision, and mission effectiveness.
Bank of America has cut its price target on Persimmon PLC (LSE:PSN), the FTSE 100 housebuilder, to 1,220p from 1,300p, citing rising construction costs that it expects to squeeze profitability in 2027.
The broker kept its buy rating on the stock.
Bank of America now forecasts a roughly 100 basis point decline in Persimmon's underlying operating margin to 13.2% in 2027, reversing an earlier expectation of a modest improvement, before margins resume growth in 2028.
A basis point is one hundredth of a percentage point.
The analysts trimmed their earnings estimates by an average of about 7% across 2026 to 2028, and lowered the price target by 6%.
Persimmon remains exposed to higher building costs and the risk of weaker consumer confidence, the broker said, though its products help cushion the impact.
The company's average selling price sits around 15% below other volume builders, and its land holdings are weighted towards northern England.
Despite the downgraded forecasts, Bank of America said Persimmon was still the only listed housebuilder to deliver growth across all key operating measures, including sales rate, order book and outlet numbers.
It expects return on equity, a measure of how efficiently a company generates profit from shareholders' funds, of about 8% in 2027 and 9% in 2028, the highest among UK peers.
The broker also pointed to Persimmon's relatively advanced progress on cladding and fire safety remediation, which it said should reduce uncertainty over future liabilities and free up cash sooner.
Persimmon shares fell 6.66 to 1,044.5p, though the move reflected the stock trading ex-dividend rather than the note.
On June 18, 2026, Parsons Corp PSN shares fell 4.8% today, currently priced at $52.21. The stock's performance over the past week shows a decline of 8.8%, while the year-to-date performance has decreased by 15.5%. The stock has fluctuated within a 52-week range of $48.23 to $89.50.
GF Value™ verdict: Current price of $52.21 is 35.2% below the GF Value™ of $80.60, indicating undervaluation.GF Score™ of 81/100 suggests a strong overall performance potential.Insider activity shows significant confidence, with insiders purchasing $2.1M worth of shares in the last three months, indicating a positive outlook. Is PSN Overvalued or Undervalued? Parsons Corp PSN is currently trading at $52.21, which is significantly below the GF Value™ estimate of $80.60. This represents a 35.2% margin of safety for potential investors, indicating that the stock may be undervalued in the market. According to the GF Valuation label, PSN is deemed significantly undervalued, which suggests an opportunity for growth should the market correct its pricing. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
While PSN's current valuation appears attractive, it is essential to consider the risks associated with value investing. Market sentiment, economic conditions, and company-specific developments could affect the stock's performance, making it critical for potential investors to conduct thorough due diligence.
How Does PSN's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 25.0x 48.6x Forward P/E 15.9x N/A The current P/E (TTM) of 25.0x is notably below its 5-year median of 48.6x, indicating that the stock is trading at a discount compared to its historical valuation. The forward P/E of 15.9x also supports the notion that PSN is undervalued, aligning with the GF Value™ verdict that suggests the stock is significantly undervalued.
What Does PSN's GF Score™ Tell Us? Metric Rating GF Score™ 81/100 Financial Strength 6/10 Profitability 8/10 Growth 8/10 Valuation 4/10 Momentum 4/10 The GF Score™ of 81/100 indicates that PSN is positioned strongly for long-term performance, with notable strengths in profitability (8/10) and growth (8/10). However, the valuation (4/10) and momentum (4/10) scores suggest areas of concern, especially in the context of recent price declines. This mixed score highlights the need for careful consideration by investors regarding the current market conditions and potential risks.
What Are Insiders Doing with PSN Stock? Recent insider activity has shown a bullish trend, with insiders purchasing a total of $2.1 million worth of shares in the last three months and no recorded selling. This pattern implies a strong belief among insiders in the long-term potential of the company, suggesting that they view the current price as an attractive entry point. Such insider buying can be a positive signal for external investors regarding future company performance.
What This Means for Investors Based on the GF Value™ assessment, Parsons Corp PSN appears to be undervalued at its current price of $52.21 relative to the estimated fair value of $80.60. The significant margin of safety and strong GF Score™ suggest potential opportunities for growth in the future. However, investors should be aware of the risks involved and monitor the company's performance closely.
For the complete analysis, visit the Parsons Corp PSN stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is PSN's GF Score™?
PSN's GF Score™ is 81/100, indicating a strong overall performance potential based on various financial metrics.
Is PSN overvalued or undervalued?
PSN is currently undervalued, with a GF Value™ of $80.60 compared to its market price of $52.21, reflecting a 35.2% margin of safety.
What is PSN's P/E ratio?
PSN's P/E ratio (TTM) is 25.0x, which is significantly lower than its 5-year median of 48.6x, indicating that the stock is trading below its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
CHANTILLY, Va., June 16, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has been selected for the design oversight and construction oversight contracts on the estimated $1.1 to $1.4 billion design-build John A. Blatnik Bridge Project by the Minnesota and Wisconsin Departments of Transportation. The John A. Blatnik Bridge connects the City of Duluth, Minnesota and Superior, Wisconsin over the Port of Duluth/Superior, which is the most inland ocean vessel harbor in the world and the terminus of the St Lawrence Seaway. Parsons previously provided preliminary engineering design for replacement of the Blatnik Bridge and with this contract will continue their services through design and construction oversight.
“Parsons has a history of successfully delivering complex projects for critical infrastructure, and it’s due to our team’s outstanding talent that we will continue that success with this project,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “This bridge serves an important freight corridor between the eastern United States and Canada though Minnesota and Wisconsin. Projects like this leave a lasting impact for decades to come, so, we take an invested interest in making sure this project is delivered efficiently and successfully.”
Originally built in 1961, the John A. Blatnik Bridge carries an average daily traffic of 33,900 vehicles on I-535 over the St. Louis Bay and is an important freight and commercial connection through Minnesota and Wisconsin over the multimodal port of Duluth-Superior. The new bridge will be built on the same alignment with a direct connection to US 53 in Superior Wisconsin providing free flowing traffic. The design and construction will be delivered through the design-build delivery method beginning the Fall of 2026 and cross the two active navigation channels, two railroads and multiple city streets with traffic opening in 2031. To achieve the five-year construction schedule, the existing bridge will be closed and demolished early in the project with traffic detouring to nearby US Highway 2.
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’ bridge expertise, visit parsons.com/bridge/.
About Parsons
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.
The stock outperformed the broader market, highlighting relative strength in the engineering and infrastructure company as the Nasdaq declined 1.32% and the S&P 500 lost 0.37%.
Parsons Wins Oversight ContractsOn Tuesday, Parsons said it was awarded design and construction oversight contracts for the estimated $1.1 billion to $1.4 billion John A. Blatnik Bridge replacement project by the Minnesota and Wisconsin Departments of Transportation.
The company previously completed the bridge’s preliminary engineering design and will continue supporting the project through the design-build phase. Construction is expected to begin in fall 2026, with the new bridge scheduled to open in 2031.
The existing bridge, built in 1961, carries about 33,900 vehicles daily on Interstate 535 between Duluth, Minnesota, and Superior, Wisconsin. Parsons said the replacement will improve traffic flow with a direct connection to U.S. 53 in Superior. During construction, traffic will be detoured to nearby U.S. Highway 2.
Technical AnalysisThe stock also benefited from strength in industrial shares. The Industrials sector gained 1.13% while the Nasdaq fell 1.33%, giving PSN relative strength during a mixed trading session.
The longer-term trend remains mixed. Parsons is down 19.07% over the past 12 months and trades 17.4% below its 200-day simple moving average of $67.77. However, the stock sits 2.7% above its 50-day moving average of $54.53, although it remains 1.2% below its 20-day moving average of $56.69. That setup points to range-bound trading rather than a sustained breakout.
Momentum indicators also remain neutral. The relative strength index stands at 47.76, suggesting the stock is neither overbought nor oversold.
Key resistance is near $62. A move above that level could improve the technical outlook. Initial support sits around $48, close to the stock’s 52-week low of $48.23.
Price ActionPSN Stock Price Activity: Parsons shares were up 0.92% at $56.00 at the time of publication on Tuesday, according to Benzinga Pro data.
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CHANTILLY, Va., June 15, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN), today announced it has been awarded a $184 million ceiling value single-award, indefinite-delivery/indefinite-quantity (IDIQ) contract to support the Department of the Navy's Intelligence Carry-On Program (ICOP).
“This award reflects the trust our customer places in Parsons to deliver adaptable, mission-focused solutions,” said Mike Kushin, President of Defense and Intelligence for Parsons. “We are proud to support capabilities that help operators perform more effectively at the tactical edge.”
The contract supports a broad range of work areas focused on the rapid delivery of innovative capabilities that enhance speed and agility for the warfighter. ICOP is a portable, ruggedized workstation designed to help operators improve battlespace awareness and readiness in demanding operational environments.
To learn more about Parsons’ all-domain solutions, visit Parsons.com/all-domain-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 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.
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 Annual Report on Form 10-K for the year ended December 31, 2025, 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 press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.
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. The $136 million ceiling value contract consists of an 8.5-year performance period and represents new work for the company.
Under the contract, Parsons will compete for task orders to deliver architect-engineer services supporting a range of infrastructure needs at Hill AFB. The scope of work includes the design, alteration, and repair of airfields, grounds, roads, buildings, structures, and utilities, as well as feasibility and traffic studies and cybersecurity-related design services that support secure, resilient installation operations.
“This award reflects the Air Force’s continued trust in Parsons’ ability to support complex, mission-critical infrastructure programs through disciplined design and engineering services,” said Martin Boson, president, Engineered Systems for Parsons. “By combining multidisciplinary engineering expertise with an agile delivery mindset, we look forward to supporting the 75th Civil Engineer Group in maintaining and modernizing facilities that are essential to mission readiness for the Department of War.”
Parsons has an extensive history of supporting the Air Force through architect-engineer and infrastructure services that enable installation modernization and sustainment. The company provides disciplined planning, design, and engineering expertise to support operations, facilities sustainment, and utility systems critical to mission execution. By aligning technical design excellence with installation priorities, Parsons helps the USAF modernize infrastructure while maintaining operational continuity. Beyond infrastructure solutions, the company provides all-domain support to the Air Force with agile, scalable solutions spanning cyber, electronic warfare, space, and advanced technology systems.
To learn more about Parsons’ federal infrastructure solutions, visit parsons.com/federal-infrastructure/.
About Parsons
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.
Investor Relations Contact:
Dave Spille
+1 703.775.6191 [email protected]
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.
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
Most artificial intelligence (AI) investment stories revolve around chips, cloud capacity, and model training. It's starting to get a bit repetitive as you look for your next investment.
There is a better, more discreet version of the same story in the federal sector, and it produces a very different kind of moat, one built not on technology alone but on security clearances, decades of defense relationships, and access to facilities that other vendors are simply not allowed to enter. Parsons (PSN 1.15%) sits squarely in that space.
Parsons describes itself as a disruptive technology provider in national security and global infrastructure markets, and the work that drives the most interesting parts of the business is protected by security barriers that most of its publicly traded peers cannot breach.
In March 2026, Parsons announced a $47 million classified contract extension for ongoing work it had performed for more than six years for an unnamed U.S. government customer. Two months later, the company announced a position on a $136 million Air Force architect-engineer contract at Hill Air Force Base in Utah, with an 8.5-year performance period covering airfields, utilities, and cybersecurity-related design services.
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These contracts are exactly the kind of awards that are very hard to replicate without years of clearances, accredited facilities, and people who already know how the customer thinks.
Image source: Getty Images.
What Parsons' products actually do Parsons is organized around two big buckets: Federal Solutions and Critical Infrastructure. Inside Federal Solutions, the most relevant pieces for the AI thesis are cyber and electronic warfare, space and missile defense, and intelligence community work.
The company builds signals intelligence tools, electronic warfare countermeasures, cyber operations platforms, and mission software that runs on classified networks. These tools increasingly incorporate machine learning for signal classification, anomaly detection, and decision support, often inside environments where commercial cloud AI cannot legally run.
On the infrastructure side, Parsons does design, program management, and cybersecurity work for transportation systems, water utilities, and federal facilities. The crossover between physical infrastructure and cyber resilience is where the company has deliberately been leaning, including in missile defense architecture and space-based capabilities.
Parsons' numbers tell a nuanced story Parsons' first-quarter 2026 report showed revenue of $1.5 billion, a 4% year-over-year decline and an 8% organic decline. The headline number looks soft, but the more useful data point is what happens after excluding a single large fixed-price confidential contract that has been winding down.
Excluding that contract, revenue grew 8%, and Federal Solutions revenue rose 12%, with 6.6% organic growth reiterated for the year. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) hit a Q1 record at $151 million, and adjusted EBITDA margin expanded 50 basis points.
For investors, the lesson is that classified contract concentration is both Parsons' moat and its near-term volatility. One large award rolling off can mask underlying growth, as happened this quarter.
That being said, government revenue is policy-sensitive. A change in defense priorities, a continuing resolution that delays appropriations, or a single large contract loss can materially affect the quarterly story. The company also relies on acquisitions to expand capabilities, and integration risk is real. And the valuation is no longer cheap, given how well defense and cyber names have performed.
Parsons is a solid long-term buy Parsons is not the kind of AI stock that makes headlines on consumer launches. It is the kind that wins 10-year awards for secure government installations while the broader market debates chip cycles. If federal AI spending continues to shift toward operational mission systems and away from pure research and development, Parsons is one of a small set of contractors with both access and an engineering bench to win that work.
For investors who want exposure to the parts of AI that most competitors cannot bid on, it deserves a look and is a solid long-term buy.
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. The D Line Extension project is being built in three sections and will ultimately extend the transit system westward for about nine miles under Wilshire Boulevard. Section 1 includes the design and construction of 3.9 miles of subway from the current terminus at Wilshire/Western in the city of Los Angeles to the city of Beverly Hills with three new underground stations at La Brea, Fairfax, and La Cienega. Parsons served as lead designer for Section 1 and performed design management and final design.
“We are excited to see this extension of the D Line begin service for the community,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “This subway extension will improve commuter access for nearby neighborhoods and open access to cultural and art locations that had been previously limited. It is always rewarding to see such critical infrastructure come to life and serve communities for decades to come.”
This segment, along with future sections, will provide safe and sustainable solutions that reduce traffic congestion, improve air quality, and ease travel for commuters between Los Angeles and Beverly Hills. Section 1 of the D Line Subway Extension also opens accessibility to significant cultural and art institutions such as the Los Angeles County Museum of Art (LACMA), the Petersen Automotive Museum, and the Academy Museum of Motion Pictures. During the development of the station and streetscape designs, Parsons worked closely with Metro, City of Los Angeles, City of Beverly Hills, and stakeholders to provide station designs that would complement and enhance the corridor’s existing features.
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 parsons.com/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 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.
The stock market hates uncertainty, and Parsons Corp. (PSN 1.15%) is serving it up. The engineering and defense company lost a heavily promoted $12.5 billion Federal Aviation Administration (FAA) contract bid in December and faces top-line pressure from the wind-down of a large government contract.
The stock has been hammered, trading down nearly 40% over the past six months, including a 21% single-day drop in December. Yet as revenue expectations decline, actual profitability is improving, with margins hitting a record high in the first quarter. In addition, its backlog reached a new high, driven by solid contract wins at the start of the year.
Image source: Getty Images
A tale of two segments Parsons is a provider of integrated solutions and services for the security, defense, and infrastructure markets. It operates two primary segments, federal solutions and critical infrastructure, each of which contributes roughly half of total revenue.
The company's troubles began in December, when it lost the bid to modernize the FAA's air traffic control system. Adding to the pressure, a large, confidential contract for the Department of State ended after a government agency reorganization, weighing on near-term organic growth.
The federal solutions business has felt most of the recent pain. Although the defense and intelligence (D&I) division within the segment is performing well. D&I Revenue grew 13.5% year-over-year in the first quarter, driven by U.S. government spending on high-tech areas like cybersecurity, space, and missile defense.
Meanwhile, the critical infrastructure segment has been a bright spot. This division, which designs and manages massive projects such as airports and bridges, is benefiting from spending tied to the U.S. Infrastructure Investment and Jobs Act and from large-scale projects in the Middle East. This strength shows up in the company's backlog, which stands at a record $9.3 billion.
For margins, adjusted earnings before interest, taxes, depreciation, and amortization for the segment improved by 350 basis points in 2025, and this trend continued in the first quarter, with margins up 50 basis points to 10.8%.
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Cash flow strain clouds the outlook While profitability is moving in the right direction, the business transition has strained the company's working capital. Net days' sales outstanding, which measures how long it takes to collect payment, has climbed from 58 to 72 days over the past year. Management points to collection delays in the Middle East and the impact of the shrinking confidential contract. The recent conflict in the region adds another layer of uncertainty to the company's cash collection cycle.
Parsons looks like a solid company facing a tough stretch. The FAA loss was a painful, permanent setback, and the confidential contract loss has created near-term pain, but that drag on growth should subside in the second half of the year.
At current prices, the risk-reward profile has improved as the company works through its revenue headwinds. The stock now trades at a more reasonable valuation at 15.5 times this year's earnings estimates. Admittedly, at this point, it's unclear what impact the conflict with Iran will have on Parsons' business. For investors with the patience to follow the story as it plays out, it makes for an interesting investment idea for your watch list.
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
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
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. The award from the U.S. Air Force Research Laboratory (AFRL) includes a five-year plus two-month performance period and expands Parsons’ leadership in delivering advanced software solutions across the all-domain battlespace.
The task order, awarded under the ALLIANT 2 multiple award schedule, is a follow-on to the current GARDEM contract. Under the task order, Parsons will continue to develop, integrate, test, demonstrate, and sustain innovative C2SpISR technologies like the company’s C2Core Air, C2Core NetOps, National Tactical Data Manager, and Integrated Solutions to Situational Awareness. These capabilities enhance AFRL’s ability to deliver next-generation software baselines and prototypes that support the U.S. Air Force, the Department of War, the Intelligence Community, and other federal agency end users. This award continues support for the C2Core Air capability developed by AFRL and Parsons, with deployments across all Air Operations Centers (AOCs), for the next five years.
“Parsons advances the U.S. Air Force mission by integrating technologies, transforming data, and delivering modernized C2 and space‑based ISR capabilities with speed and precision,” said Mike Kushin, president, Defense and Intelligence for Parsons. “As threats evolve, maintaining ISR dominance demands continuous innovation and modernization. That’s the work our team leads, and we are proud to expand our long‑standing support to the Air Force Research Laboratory, strengthening their efforts to deliver the next generation of warfighting technologies.”
Parsons is an agile, rapid developer of transformative solutions that strengthen national security and deliver mission-ready capabilities at the speed of relevance. It has supported the Department of the Air Force for decades with expertise spanning space operations, full-spectrum cyber operations, network modernization, edge computing, and next-generation command and control. The company has been a mission partner to AFRL for over 25 years, delivering research, development, integration, and sustainment capabilities that enable rapid decision-making and multi-domain operational effectiveness.
To learn more about Parsons’ all-domain solutions, visit https://www.parsons.com/all-domain-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 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.
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 Annual Report on Form 10-K for the year ended December 31, 2025, 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 press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.
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. The additional claims were acquired to cover favorable stratigraphy that could host natural white hydrogen and or helium.
Deer Lake Basin Property Acquisition
The new mineral claims expand the Smoking Gun Project to the Southwest to connect with Mills No.1 drill hole and to the NE to connect with Claybar No. 3 drill hole (Figure 1). The Companies are excited about this new acquisition, as recent research from historical data has revealed highly anomalous helium with values up to 8,900 parts per billion (ppb) ( Table 1) in water collected from an historic drill hole (79-67). This hole is located approximately 11.8 km from drill hole (Mills No. 1) that encountered high pressure gas that flowed for a minimum of 12 months in a basin prospective for uranium-thorium. In addition, several mentions of gas is noted in Claybar No. 3 located 32 km to the NE of drill hole 79-67.
Ref: https://gis.gov.nl.ca/mods/ModsCard.asp?NMINOString?temp=n&NMINOString=012H/03/Btm002
According to assessment report 012H/0748, the Westfield-Northgate-Shell joint venture conducted deep water sampling within these historic holes. Samples of ground water were collected from 5 diamond drill holes with results determined for pH, temperature, U ppb, radon and helium content. Two samples were collected from each hole. One was hermetically sealed at the site in a special container and sent to Chemical Projects Ltd. in Toronto, where a gas sample was extracted and analysed for helium. The second sample was measured on site for pH and Radon (Rn). This sample was then sent to Atlantic Analytical Services Ltd. (Springdale, NL) for analysis of Uranium (U). Results are tabulated below.
These new licenses all together are now named the Smoking Gun Project located within the Deer Lake Basin, which is thought to be a prospective environment for the presence Helium (He) and Natural (White) Hydrogen (H₂). Historic exploration focused mainly on uranium and hydrocarbons, but with semiconductor expansion and the global energy transition, this has resulted in increased demand for Hydrogen and Helium. A re-evaluation of the Deer Lake Basin has resulted in the identification of areas with ideal geological conditions to host gas. These conditions include thick sequences of sandstones and conglomerates containing uranium, which is necessary to generate helium. When uranium-rich minerals hosted within the sandstones interact with the high-pressure water, the water molecules are split, releasing hydrogen. The expansive presence of mudstones and shales serve as an ideal cap for trapping gas.
Hole 79-67 is located 11.8 km northeast of hole Mills No.1, which produced high pressure gas (Figure 1). With the presence of high-pressure gas in hole Mills No. 1 and highly anomalous helium from water samples in Hole 79-67, this potentially indicates an expansive system with favorable geological conditions for the generation and entrapment of gas.
Figure 1: Smoking Gun Claims
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/299613_1864347434d279a4_002full.jpg
Parson's Pond Property Acquisition
At Parson's Pond, the company increased it land position to the east to cover the shallower portions of the basin and to the west to cover deeper portions of the Basin (Figure 2). Research of the historical drill logs in two holes 14.2 km apart, have observed C1 methane gas levels reaching 72%. The area is underlain by thrust faulted rocks of the Humber Arm Supergroup. Drill logs indicate unique sedimentary units composed of shales along with sandstones, containing fragments of serpentine and chrome. Of particular interest is the presence of the mineral glauconite, which, combined with these geological indicators, suggests a highly prospective environment for white hydrogen (natural hydrogen) to form within the basin. The presence of such high concentrations of methane alongside hydrogen indicators suggests a potentially active gas system within the basin. In addition, surface areas have been noted to vent gas within the project boundaries.
(Ref. NALCOR ENERGY - OIL AND GAS INC FINAL WELL REPORT For Nalcor Energy et al SEAMUS #1 https://www.gov.nl.ca/em/files/publications-energy-nalcorseamusfwr.pdf and NALCOR ENERGY - OIL AND GAS INC FINAL WELL REPORT For Nalcor Energy et al Finnegan #1 https://www.gov.nl.ca/em/files/FinniganFWR.pdf).
Figure 2 : Parsons Pond Claims
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/943/299613_1864347434d279a4_003full.jpg
The companies hired Neil Pendock to conduct early target identification using hyperspectral satellite imagery identifying hot spots for testing Hydrogen and Helium. A detailed evaluation of the Seamus and Finnigan wells show potential leakage of both gases near the historical Well heads.
Neil Pendock states that "new exploration data confirms significant natural Hydrogen and Helium systems in Western Newfoundland".
An integrated re-evaluation of advanced satellite imagery and legacy drill data has confirmed highly anomalous concentrations of natural "white" hydrogen (H2) and helium (He) across the Parson's Pond area of western Newfoundland. The findings mark a major milestone for the province's emerging unconventional and clean energy sector.
The target identification program utilizes high-resolution Sentinel-2 spectral endmember mapping calibrated against legacy physical assets, notably the Seamus #1 and Finnegan #1 wells.
Key Findings From the Well Analyses:
Seamus #1 Well: Originally drilled as a deviated wildcat to 3,160 meters, historical logs confirm this stratigraphic test intersected a highly active gas plumbing system. Modern geochemical processing shows that Seamus is highly anomalous in H2, CO2, and CH4. The hydrogen signature at Seamus is particularly intense, soaring over ten times higher than regional background levels.
Finnegan #1 Well: Located within the same thrust-faulted complex, Finnegan exhibits a distinct, high-value noble gas and clean energy profile, measuring highly anomalous in He and H2. Finnegan's hydrogen concentrations exceed background baselines by more than threefold, paired with a distinct helium signature that suggests deep-seated basement fault connectivity.
A Multi-Gas Frontier
While western Newfoundland has long been recognized for its classic thermogenic methane (CH4) "shows" and source rocks like the Green Point Shale, this new data shifts the spotlight toward non-hydrocarbon, high-value gas exploration.
The structural architecture of the Parson's Pond area—where allochthonous sedimentary sequences are thrust over deep carbonate platforms—serves as the ideal geological engine for generating natural hydrogen through serpentinization. Simultaneously, deep conduit faults are successfully tapping into the Precambrian basement to channel helium toward the surface.
Next Steps for Exploration
The alignment of physical drill-hole gas anomalies with satellite-derived spectral endmembers allows exploration teams to rapidly deploy predictive mapping across the entire Humber Zone. Immediate field follow-up will include high-density soil gas sampling and localized fracture-network mapping around the Seamus and Finnigan corridors to identify primary drilling targets for natural hydrogen and commercial helium.
Hydrogen and Helium Demand
Hydrogen and helium have seen a significant increase in demand, with more expected in the future. Hydrogen is used as a fuel and a chemical building block, it helps create fertilizer for food, refines the gasoline in your car, and is increasingly being used to power clean trucks and ships as well as fuel for rocket propulsion for the launching of satellites. Helium is the world's ultimate cooler; its super-cold properties are essential for keeping MRI machines running and making the computer chips found in your phone and laptop. AI-driven chip manufacturing is the primary growth engine for helium. Helium keeps our most advanced technology and medical equipment functioning.
In the neighboring province of Nova Scotia, companies such as Quebec Innovative Metals Corp are having success in the search for Natural Hydrogen. This success has generated further exploration in similar geological environments to that of the projects mentioned above.
Please note that the presence of gas or methane on these staked projects or gas discovered on adjacent properties does not guarantee the presence of hydrogen or helium. Further studies are required to validate their presence.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek holds a 50% interest in the Ogden Gold Property with Discovery Silver holding the remaining 50%. The Ogden Gold Property includes the former Naybob Gold mine and is located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).
Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.
Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299613
Source: Metals Creek Resources Corp.
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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. Zepharis Kit Deployer accelerates deployment from days to hours, resulting in faster mission readiness. , /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE: PSN), and trusted provider of high-performance hardware and deployable technologies, introduces the Zepharis™ Software Suite. Zepharis is designed for air-gapped environments to improve operator capabilities and performance with rapid Kit provisioning, automation, and artificial intelligence (AI) at the operational edge.
Improves Operator Performance Across All Experience Levels
SealingTech's Zepharis Software Suite Evolving from Operator X, Zepharis AI delivers turnkey AI assistance straight out of the box—no internet or cloud required. This fully air-gapped solution deploys on any system equipped with a compatible GPU. Zepharis AI fuses large language model (LLM) technology with core operational tools to provide context-aware reasoning on demand. It serves as a portable AI subject matter expert, empowering operators with natural language querying, unified tech stack command, automated detection engineering, and instant metrics reporting.
"The Zepharis Suite integrates deployment automation, operational readiness, and AI-driven mission support into a single software solution," said Andres Giraldo, SealingTech Chief Technology Officer. "This adaptable platform allows operators to rapidly deploy complex infrastructure, maximize efficiency, and minimize downtime. By enabling secure scaling with lower risk in fully offline environments, it enhances readiness across diverse use cases."
Accelerates and Optimizes Kit Deployment Readiness
The Zepharis Kit Deployer accelerates infrastructure installation, configuration, and readiness in offline and hostile environments. By automating provisioning, networking, and setup for over 20 tools simultaneously, it slashes deployment timelines from days to hours. The solution is highly customizable, scaling seamlessly from small tactical setups to multi-site operations with repeatable, secure provisioning that adapts as the mission evolves.
For more information about Zepharis Software Suite, please visit https://www.sealingtech.com/zepharis
About SealingTech
Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE: PSN), is a trusted provider of high-performance hardware and deployable technologies. Veteran-founded in 2012, SealingTech combines engineering expertise, innovation, and real-world operational experience to deliver solutions built for demanding environments. The company supports federal, defense, and commercial customers with technologies designed for speed, reliability, and adaptability.
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. This task order is one of the four Parsons secured in 2026 in support of the AFRL’s GARDEM program, bringing Parsons’ total awards to $218 million and reinforcing the company’s role as a provider of mission-critical digital and data-centric capabilities for the U.S. Air Force.
Under the five-year task order, Parsons will deliver functional onsite training, demonstrations, system enhancements, modifications, integration, testing, deployments, and lifecycle maintenance in support of GARDEM 2 software baselines. These efforts will directly enable the rapid maturation, evaluation, and operational deployment of advanced technologies and concepts critical to Air Force mission execution. The company has supported the GARDEM mission since 2019.
“This award highlights the Air Force’s continued confidence in Parsons’ ability to take emerging technologies from concept to operational reality,” said Mike Kushin, President of Defense and Intelligence for Parsons. “Our teams bring a rare combination of deep mission understanding, software engineering excellence, and field-tested execution that allows us to rapidly integrate, test, and deploy capabilities at the speed of combat where and when they are needed most.”
The GARDEM 2 program plays a central role in accelerating innovation by bridging research, development, engineering, and sustainment activities across operational environments. Parsons’ approach ensures solutions are not only technically sound but also aligned with real-world mission demands and warfighter requirements, improving speed to capability and operational effectiveness for America’s fighting force.
This latest award builds on Parsons’ strong operational history of supporting Air Force and national security customers with agile, scalable solutions spanning cyber, electronic warfare, space, and advanced software systems.
To learn more about Parsons’ all-domain solutions, visit Parsons.com/all-domain-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 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.
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 Annual Report on Form 10-K for the year ended December 31, 2025, 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 press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.
Parsons is a proven AI leader with 20+ years 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.
CHANTILLY, Va., June 04, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today spotlighted its expanding suite of artificial intelligence (AI) capabilities that are accelerating mission outcomes and driving growth across its Federal Solutions and Critical Infrastructure segments. With decades of digital innovation and engineering expertise, the company is realizing returns from AI investments while positioning itself for sustained expansion across the global national security, cyber, space, and infrastructure markets. Parsons’ embedded AI strategy is integrated directly into customer solutions and is a core competitive differentiator.
"AI is a critical enabler of how we deliver mission outcomes. Eight of our last ten $100M+ wins included a critical AI differentiator,” said Carey Smith, chair, president, and chief executive officer of Parsons. "From autonomous cyber and counter‑UAS detection to predictive modeling for transportation networks and major infrastructure programs, we’re integrating AI directly into mission‑critical operations, accelerating customer outcomes, strengthening our competitive position, and expanding our addressable market.”
The company’s approach leverages AI to automate complex processes, analyze critical data, and enable predictive modeling across project management, technology development, business capture, and resource allocation. This integrated model ensures the company is delivering AI‑empowered solutions from the lab to the mission at scale; helping customers solve emerging challenges with greater speed and efficiency while strengthening Parsons’ competitive advantage.
Across its Federal Solutions business, Parsons applies AI to accelerate real‑time decision‑making, enhance all‑domain situational awareness, and strengthen threat detection and response. The company’s leadership in modernizing defense acquisition is reinforced by its PALADIN Lab, Parsons’ innovation hub at Aberdeen Proving Ground, Maryland. The lab provides a secure environment for government, industry, and academia to collaborate on emerging hardware, algorithms, and software within existing architectures. This approach aligns with evolving acquisition priorities that emphasize rapid prototyping, continuous delivery, modularity, and the integration of commercial and non-traditional technologies.
At the PALADIN Lab’s recent AI Summit, Parsons and several commercial partners demonstrated emerging capabilities in advanced ISR, Edge AI, spectrum dominance, and space situational awareness. Parsons supplied the mission context and systems integration expertise that transformed commercial technologies into deployable, defense‑ready solutions. The event, part of the company’s ongoing Tech Demo Series, accelerated adoption pathways for AI‑enabled capabilities across the C5ISR community.
“As demand continues to rise across national security and critical infrastructure, our AI capabilities position us to capture new opportunities and deliver sustained value for our shareholders," added Smith.
Within its Critical Infrastructure segment, Parsons deploys AI to improve project planning and execution, enable predictive maintenance, and optimize resource allocation for major infrastructure programs. The company’s AI‑enabled iNET smart mobility platform, which has been deployed more than 40 times globally, uses predictive analytics to enhance pedestrian safety, reduce vehicle collisions, and optimize traffic flow. Parsons also applies AI to construction supervision, scheduling, and logistics, such as its AI‑powered site intelligence systems on the Abu Dhabi Bridge Inspection Program that enable virtual inspections and creates a searchable digital record of asset conditions.
To learn more about Parsons’ AI capabilities, visit www.parsons.com/ai.
About Parsons:
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.
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 Annual Report on Form 10-K for the year ended December 31, 2025, 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 press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.
CHANTILLY, Va., June 08, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) recently joined the Connecticut Department of Transportation (CTDOT), federal partners, and community leaders to mark the groundbreaking of the I-91/I-691/Route 15 Interchange Improvements Project in Meriden, Connecticut.
Parsons is serving as the engineer of record and the prime design consultant, providing comprehensive engineering services from final design through design services during construction support. The company is working closely with CTDOT and project partners to ensure design integrity, efficient issue resolution, and alignment with rigorous safety, quality, and performance standards by applying its global infrastructure design and program management expertise.
“This project is a critical investment in strengthening one of Connecticut’s most critical transportation corridors,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “By advancing a phased, programmatic approach, we are helping deliver meaningful improvements to safety, mobility, and reliability while minimizing disruption to the traveling public. Parsons is proud to partner with CTDOT to bring innovative, high-quality solutions that will serve the region for decades to come.”
The approximately $721 million, three-phase program represents a major infrastructure investment to improve mobility, enhance safety, and strengthen long-term reliability along the I-91 transportation corridor. Serving as a key link in the Northeast regional network, the interchange supports the movement of people and goods across major interstate routes. Once complete, it will reduce congestion, improve safety by addressing traffic weaving and merging conditions, and enhance reliability for commuters, freight, and local communities.
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’ road and highway expertise, visit www.Parsons.com/road-highway/.
About Parsons
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.
CHANTILLY, Va., June 09, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN), today announced it has secured an additional $73 million contract in support of the Air Force Research Laboratory’s (AFRL) Global Application Research, Development, Engineering and Maintenance (GARDEM) mission. The contract is the fourth in support of GARDEM in 2026, bringing Parsons’ total awards to $218 million and reinforcing the company’s role as a provider of mission-critical digital and data-centric capabilities for the U.S. Air Force.
The latest award expands Parsons’ responsibilities for research and development and operations and maintenance (O&M) across GARDEM 2 enterprise platform and mission application software baselines, including Platform and Mission Application support for field sites and existing installations. Parsons will also lead the migration of capabilities to its Lightweight Application Management Platform (LAMP), a lean, scalable environment designed to accelerate global mission deployment while reducing lifecycle cost.
“Securing our fourth GARDEM award this year is a powerful validation of Parsons’ ability to deliver mission-ready digital platforms that scale with our customers’ needs,” said Mike Kushin, President of Defense and Intelligence for Parsons. “By intentionally designing GARDEM 2 for reuse, integration, and rapid adaptation, we will enable AFRL and the Air Force to deploy advanced data-driven capabilities faster, at lower cost, and with greater operational impact across complex operational environments and all domains.”
Parsons’ technical approach emphasizes technology reuse and deep integration across all GARDEM 2 awards, allowing rapid capability updates while lowering total ownership cost for the government. One of the key strengths of our approach is the utilization of C2Core components in our GARDEM Platform LAMP. Coupling with this operational system creates integration points and a streamlined support structure, allowing for cross-training and surge support between all customers on the GARDEM 2 efforts. This ensures mission systems can evolve at the operational speed of need, while remaining resilient, secure, and cost-effective.
The GARDEM awards build on Parsons’ growing portfolio of artificial intelligence, data, software, cyber, and mission engineering all-domain solutions supporting America’s warfighters. The company’s integrated platform strategy, combining modern software practices, proven C2Core components, modular data layers, and proven mission knowledge, continues to drive long-term program scalability.
To learn more about Parsons’ all-domain solutions, visit Parsons.com/all-domain-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 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.
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 Annual Report on Form 10-K for the year ended December 31, 2025, 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 press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.
Parsons recently demonstrated AI-enabled CUAS solutions which integrated sensor and kinetic effectors.Parsons’ expertise in non-kinetic effects (NKE) detect, disrupt, and mitigate single, multi and swarm drone or missile threats.The company delivers CUAS capabilities that are part of a broader C5ISR portfolio, with solutions that scale from site-level defense to regional, theater, and homeland architectures. CHANTILLY, Va., June 10, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has successfully demonstrated integrated counter-unmanned aircraft system (CUAS) capabilities, showcasing how the company delivers layered, scalable, AI-driven defense that enables autonomous detection, classification, prioritization, and mitigation against rapidly evolving and increasingly autonomous aerial threats across national security and critical infrastructure environments.
The recent demonstration highlighted Parsons’ approach to the strategic CUAS mission. The company’s fully integrated architecture connected sensing, command and control (C2), AI-enabled decision support, and kinetic response into a unified system to expedite the full kill chain from detection to mitigation. This integration enables earlier threat awareness, faster coordinated response, and more precise execution in complex, high-tempo environments. The full kill chain demonstration leveraged Parsons’ DroneArmor™ AI-enabled C2 fused data from HurleyIR electro-optic infrared (EO/IR) sensors and DroneShield’s electronic warfare sensor and commercial off the shelf (COTS) radars, and autonomously mitigated threats with Allen Control Systems’ Bullfrog, an autonomous remote weapon station capable of employing various kinetic effectors. The mission-relevant configuration validated the ability to execute the full counter-drone kill chain in an operational environment.
“Our customers need integrated, mission-ready systems that can be deployed rapidly and adapt as threats evolve, and we have proven through the recent demonstration that we are ready to deliver,” said Martin Boson, president of Engineered Systems for Parsons. “Parsons provides that integration at scale and with speed, connecting sensors, decision makers, and response options into a unified architecture that drives faster awareness and coordinated response. Our AI-enabled capabilities accelerate detection, classification, and decision support, allowing operators to respond at machine speed with greater precision. Whether protecting national security or critical infrastructure, securing borders, supporting defense operations, or strengthening mission assurance, we enable customers to reduce operational risk and maintain continuity across complex and rapidly changing threat environments.”
In addition to our DroneArmor™ integrated CUAS solution, Parsons has unique expertise in non-kinetic effects (NKE) to detect, disrupt, and mitigate a variety of drone or missile threats. This capability is embedded within Parsons’ integrated defense approach, where CUAS solutions are delivered through a broader C5ISR portfolio that combines sensing, C2, cyber, and electronic warfare into a unified operational architecture. This architecture enables autonomous and semi-autonomous workflows across sensing, threat assessment, battle management, and coordinated effects, allowing operators to maintain the decision advantage in contested environments. The company delivers layered CUAS and counter-C5ISR protection for operators and mission-critical systems that sustain air, land, sea, space, and energy operations. By integrating detection, C2, and response options into a unified framework, Parsons shortens the time from threat detection to action while improving multi-domain awareness. This approach enables defense, homeland security, and civil stakeholders to deploy what they need and scale as threats evolve, with solutions ranging from single-site protection to regional, theater, and homeland defense architectures.
The company’s integrated CUAS architecture is further supported by Parsons’ TAK-X, which enables shared geospatial awareness for real-time coordination across agencies and mission partners, and Parsons’ Intelligent NETworks® (iNET®) Smart Mobility Platform which provides secure, resilient communications across distributed operations. Together, these systems translate multi-domain sensor data into coordinated, AI-enabled action at machine speed, improving decision superiority and enabling operators to respond faster than evolving threats. The solution reflects Parsons’ unique ability to leverage innovative capabilities from across its segments and acquisitions to deliver best-in-class integrated solutions for its global customer base. The TAK-X technology resulted from the company’s acquisition of Chesapeake International Technology (CTI) which falls into its Federal segment, while Parsons’ iNET® technology, an award-winning traffic management solution from its critical infrastructure segment, is deployed to transportation agencies globally to improve safety, reliability, and system performance by unifying data, analytics, and decision support into a single operational environment, enabled by AI/ML.
Parsons’ other industry-leading CUAS solutions include detection and tracking capabilities such as BlueFly® for RF-based detection and early warning and SmartCam3D™ for EO/IR visualization and advanced analytics. The company’s vendor-agnostic approach enables rapid integration of best-in-class capabilities without vendor lock-in, allowing customers to adapt and scale as mission requirements evolve. This approach is complemented by proprietary capabilities such as TReX® for flexible land or afloat defeat and deception and ZEUS® for directed energy precision engagement. Parsons’ open architecture enables customers to integrate and evolve capabilities as threats and mission requirements change.
The company accelerates development and deployment of these capabilities through operational environments such as the Parsons CUAS Center of Excellence in Summit Point, West Virginia, and the United States Air Force (USAF) Ramstein Air Defense Systems Integration Laboratory (RADSIL) in Germany. In these environments, systems are rapidly prototyped, integrated, and validated in mission-relevant conditions, helping meet the Department of War’s (DoW) emphasis on speed of procurement and need for faster, more flexible approaches for acquiring software, digital systems, and emerging technologies.
As part of Parsons’ larger suite of CUAS capabilities, the company has also led the maturation of an all-domain system comprised of commercial and government off-the-shelf technologies, utilizing an integrated design, to protect existing and future air bases. Parsons focuses on every aspect of the all-domain battlespace, including space operations, edge computing, full-spectrum cyber, and ground-based command and control systems for defeating non-kinetic threats.
In addition, Parsons provides systems of systems engineering, integration, and testing of potential architecture concepts to counter missile threats to the U.S. Homeland, our allies, and deployed forces. The company supports the design, development, integration, testing, and assessment of the components and architectures to ensure the warfighters have an integrated, layered sensing, command and control, and engagement capability to counter threats of all ranges in all phases of flight.
Parsons aligns technology capabilities with operational requirements across a range of missions, from protecting the homeland, critical infrastructure and major public events to enabling secure diplomatic operations and supporting mission assurance for national security and defense missions. This approach improves shared awareness, accelerates coordinated response, and reduces operational friction across agencies and partners, while preparing customers to address increasingly autonomous and swarming threats in future operational environments.
To learn more about Parsons’ global CUAS solutions, visit parsons.com/cuas/.
About Parsons
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.
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 Annual Report on Form 10-K for the year ended December 31, 2025, 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 press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.
CHANTILLY, Va., June 11, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Los Angeles County Metropolitan Transportation Authority (Metro) has awarded a $22 million contract amendment for multimodal improvements along the I-605 corridor in Los Angeles, which extends Parsons’ existing contract for 3.5-years. These improvements are part of the Metro’s Board adopted Multimodal Highway Investment
Objectives, which will add bicycle lanes, improve sidewalks, and enhance transit access for the community. It will also provide managed lanes on I-605 and improve connectivity between freeway ramps and local streets to reduce traffic.
“For over 20 years, Parsons has long been a trusted partner to Metro and the people of Los Angeles, helping them navigate the state – and world – seamlessly,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “These improvements will make it possible for residents and visitors to safely and efficiently travel the corridor regardless of their mode of transportation, highlighting Parsons’ breadth of experience delivering on complex, integrated multimodal projects.”
The I-605 Corridor improvements is a partnership with Caltrans and the Gateway Cites Corridor Council of Governments. The I-605 corridor experiences high levels of congestion and these multimodal improvements will enhance safety, increase traffic flow, and improve commute times. As part of Metro’s commitment to increasing mobility and moving people efficiently across the corridor, the project will also utilize managed lane solutions for further efficiency.
Parsons has more than half a century 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’ road and highway solutions, visit parsons.com/road-highway/.
About Parsons
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.
