Parsons Corporation provides technology based solutions in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. It operates through two segments, Federal Solutions and Critical Infrastructure. The company offers cyber security and intelligence services, as well as offensive and defensive cybersecurity platforms, tools, and operations to U.S. Department of Defense and the United States intelligence community; space and geospatial solutions, such as geospatial intelligence, threat analytics, space situational awareness, small satellite launch and integration, satellite ground systems, fight dynamics, and command, and control solutions to the National Geospatial-Intelligence Agency, National Reconnaissance Office, and multiple units within the U.S. Department of Defense. It also provides missile defense and C5ISR solutions, such as integrated air and missile defense, data fusion and analytics, platform system integration, directed energy, joint all-domain operations, and command and control systems to Defense Intelligence Agency and U.S. Department of Defense; technology services for complex energy production systems, aviation, healthcare and bio-surveillance systems, and environmental systems and associated infrastructure, as well as nuclear waste processing and treatment, weapons of mass destruction elimination, program and project management, infectious disease control analytics, and data protection solutions. In addition, the company offers intelligent transportation system management, aviation, rail and transit systems, smart cities software, and critical infrastructure cyber protection to the transportation authorities, rail, and transit entities; engineering services for complex infrastructure; and program management, and environmental solutions to private-sector industrial clients and public utilities. Parsons Corporation was founded in 1944 and is headquartered in Centreville, Virginia.
IPO Year: 2019
Exchange: NYSE
Website: parsons.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/26/2026 | Underperform | BNP Paribas Exane | |
| 4/15/2026 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 4/13/2026 | $60.00 | Outperform → Neutral | Robert W. Baird |
| 12/19/2025 | $70.00 | Overweight | Barclays |
| 12/12/2025 | $86.00 | Buy | Citigroup |
| 12/10/2025 | $75.00 | Hold → Buy | TD Cowen |
| 12/5/2025 | Strong Buy → Mkt Perform | Raymond James | |
| 11/20/2025 | Mkt Perform → Outperform | William Blair | |
| 11/19/2025 | $107.00 | Buy | UBS |
| 8/13/2025 | $81.00 | Buy → Neutral | Goldman |
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Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
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BNP Paribas Exane initiated coverage of Parsons with a rating of Underperform
KeyBanc Capital Markets downgraded Parsons from Overweight to Sector Weight
Robert W. Baird downgraded Parsons from Outperform to Neutral and set a new price target of $60.00
Barclays initiated coverage of Parsons with a rating of Overweight and set a new price target of $70.00
Citigroup initiated coverage of Parsons with a rating of Buy and set a new price target of $86.00
TD Cowen upgraded Parsons from Hold to Buy and set a new price target of $75.00
Raymond James downgraded Parsons from Strong Buy to Mkt Perform
William Blair upgraded Parsons from Mkt Perform to Outperform
UBS initiated coverage of Parsons with a rating of Buy and set a new price target of $107.00
Goldman downgraded Parsons from Buy to Neutral and set a new price target of $81.00
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Key Takeaways: 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 integrat
Key Takeaways: 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 Depart
Key Takeaways: 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
Key Takeaways: 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 id
Key Takeaways: 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
Key Takeaways: 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
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 approximat
MCLEAN, Va., June 30, 2026 /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 dem
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.Parsons delivers scalable, mission-ready solutions that strengthen warfighter lethality, situational awareness, and readiness in complex, high-threat environments. CHANTILLY, Va., June 17, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) delivers full-spectrum c
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 ser
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
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Live Leadership Updates
Key Takeaways: 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
Spire Global, Inc. (NYSE:SPIR) ("Spire" or "the Company"), a global provider of satellite data, analytics and intelligence, today announced John Martinez has been appointed to Spire's board of directors, effective March 9th, 2026. Mr. Martinez currently serves as the Chief Legal Officer at Parsons Corporation (NYSE:PSN), a leading disruptive technology provider in the national security and global infrastructure markets with more than 21,000 employees around the world. Prior to Parsons, he was the Chief Legal Officer at Maximus (NYSE:MMS). "I'm thrilled to welcome John to our board," said Theresa Condor, Spire Global's CEO. "He brings more than two decades of the deep government and comm
CHANTILLY, Va., Jan. 15, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has acquired Northern Virginia-based Altamira Technologies Corporation in a transaction valued up to $375 million. Founded in 1999, Altamira enhances Parsons' defense and intelligence portfolio by delivering advanced analytics, signals intelligence (SIGINT), cyber, missile warning, and space capabilities, complementing the company's strengths in all‑domain technology integration and Indo‑Pacific operations, and expanding with Intelligence Community (IC) customers. "Acquiring Altamira is a strategic accelerator for our national security growth strategy, strengthening Parsons' ability to
CHANTILLY, Va., Oct. 03, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation announced today that it has been recognized by Glassdoor, an online community for workplace conversations, with a mission to build healthier, more transparent work communities for all, as one of the Best-Led Companies. The recognition is based on employee reviews and ratings published on Glassdoor in the previous year. In 2025, 50 honorees were recognized, representing a myriad of industries from food service to software. At #27, Parsons is top ranked among national security and critical infrastructure companies, and the only of its peer group on the list. "Being named one of Glassdoor's Best-Led Companies is a testame
CHANTILLY, Va., July 08, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been appointed as the Project Management Consultant on the Dubai Metro Blue Line project by the government of Dubai's Roads and Transport Authority (RTA). The contract represents new work for Parsons and spans five years. Under the contract, Parsons will provide comprehensive project management services including design review, procurement support, construction supervision, testing and commissioning oversight, and project handover management. The Dubai Metro Blue Line, expected to commence operations in 2029, is a key component of Dubai's D33 Economic Agenda, which
CHANTILLY, Va., July 01, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has acquired Maryland-based Chesapeake Technologies International, Corp (CTI), a portfolio company of Bluestone Investment Partners, in a transaction valued at $89 million. Founded in 2000, CTI strengthens Parsons' defense customer posture with the Special Operations forces and enhances Parsons' position in the Indo-Pacific Command (INDOPACOM) area of operations. CTI brings extensive capabilities as an all-domain technology solutions provider, powered by cutting-edge products that enhance the warfighters' ability to sense, evaluate and deliver effects within the invisible battlespaces.
CHANTILLY, Va., May 13, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today, on the sidelines of the Saudi-US Investment Forum in Riyadh, that the company has been awarded two Delivery Partner (DP) contracts by the King Salman International Airport Development Company (KSIADC) which is owned by the Public Investment Fund. These significant contracts represent new work for the company and span the initial four years of the airport's multi-year development. The first contract is for airfield assets and includes the runways, taxiways, aircraft parking areas, and air traffic control towers. The second contract is for landside infrastructure packages including roads,
CHANTILLY, Va., April 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has been awarded a contract for Project Management Office (PMO) services by the King Salman Park Foundation for King Salman Park. This 25-month contract marks new work for Parsons. King Salman Park is one of the world's most unique urban transformation projects, featuring 11.6 sq km of green space and over 10 sq km of built-up area. The Park includes cultural landmarks such as the Royal Arts Complex and a vibrant 7.2 km pedestrian walkway known as The Loop, among many other assets. All these elements are designed to support Saudi Vision 2030's "Quality of Life" Program. Parsons' respo
CHANTILLY, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) was named the 8th Most Trusted Company in America 2025 according to Forbes' listing of the Most Trusted Companies in America. Created in partnership with research companies HundredX, Signal AI and Glassdoor, Forbes' list combines data on a wide range of factors across four categories: employee trust, customer trust, investor trust, and media sentiment. More than 2,000 public companies based in the United States were eligible. Parsons is the only member of its peer group in the top 10. "Every day, our more than 19,000 global employees extend the company's outstanding 80-year history of excellence, innovation,
CHANTILLY, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been awarded a $53 million, three-year contract by the Royal Commission for Riyadh City (RCRC) in Saudi Arabia for program management office (PMO) services on its Main and Ring Roads Program. "We are proud to call the RCRC a long-standing client of ours and are honored to be working on the Main and Ring Roads Program alongside them," said Martin Boson, Senior Vice President and General Manager of Parsons' Saudi Arabian operations. "With Riyadh being the most populated city in Saudi Arabia, the Program plays a fundamental role in facilitating the smooth mobility of people a
Live finance-specific insights
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 approximat
Q1 2026 Financial Highlights Q1 revenue of $1.5 billion decreased 4% year-over-year and 8% on an organic basisRevenue growth of 8% excluding confidential contract; 3% on an organic basisNet income of $53 million decreased $13 million year-over-yearAdjusted EBITDA increased 1% to $151 million, a Q1 recordAdjusted EBITDA margin expanded 50 basis points to a record 10.1%Cash flow used in operating activities of $4 million, a Q1 recordBook-to-bill ratio of 1.4x in both segments extends company streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPOTotal and funded backlog increased to a record $9.3 billion and $6.6 billion, respectivelyReiterating fiscal year 2026 guid
Issued on behalf of VisionWave Holdings, Inc.VisionWave Holdings (NASDAQ:VWAV) signs a non-binding term sheet to acquire up to 51% of Foresight Autonomous Holdings (NASDAQ:FRSX), adding camera-based stereo vision and thermal perception to its existing RF sensing core and the xClibre™ AI video intelligence platform — building toward a three-layer counter-UAS architecture targeting its Argus™ platform and intended to reduce false-positive engagement rates.Companies mentioned in this article:VisionWave Holdings, Inc. (NASDAQ:VWAV), Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX), L3Harris Technologies, Inc. (NYSE:LHX), Teledyne Technologies Incorporated (NYSE:TDY), Elbit Systems Ltd. (NASDAQ:E
CHANTILLY, Va., April 01, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release first quarter 2026 financial results before the markets open on Wednesday, April 29, 2026. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and guidance, followed by a question-and-answer session. 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 approxima
Q4 2025 Financial Highlights Q4 revenue of $1.6 billion decreased 8% year-over-year and 10% on an organic basisTotal revenue growth of 11% and 8% on an organic basis excluding confidential contractNet income of $56 million increased 3% year-over-year, a fourth quarter recordRecord adjusted EBITDA of $153 million increased 5%; adjusted EBITDA margin of 9.6%Cash flow from operations increased 32% to $168 millionBook-to-bill ratio of 0.9x and continued streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPO Fiscal Year 2025 Highlights FY25 revenue of $6.4 billion, decreased 6% year-over-year and 9% on an organic basisTotal revenue growth of 12% and 8% on an organic b
CHANTILLY, Va., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release fourth quarter and fiscal year 2025 financial results before the markets open on Wednesday, February 11, 2026. The company will also provide details related to 2026 guidance as part of the call. 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 Invest
Q3 2025 Financial Highlights Q3 revenue of $1.6 billion decreased 10% year-over-year and 14% on an organic basisRevenue growth of 14% excluding confidential contract; 9% on an organic basisQ3 net income of $64 million decreased $8 million year-over-yearQ3 adjusted EBITDA decreased 5% to $158 million; adjusted EBITDA margin of 9.8% increased 60 basis pointsBook-to-bill ratio of 1.0x and continued streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPOTotal backlog increased to $8.8 billion; 72% is funded, highest level since IPOModifying fiscal year 2025 revenue and reiterating adjusted EBITDA and cash flow guidance ranges at mid-point CHANTILLY, Va., Nov. 05, 2025
CHANTILLY, Va., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release third quarter 2025 financial results before the markets open on Wednesday, November 5, 2025. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and strategic corporate initiatives. 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 afte
CHANTILLY, Va., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) today announced it has acquired Applied Sciences Consulting, Inc., a Florida-based engineering firm that specializes in water and stormwater solutions for cities, counties, and water management districts across the state. Founded in 2005, Applied Sciences is based in Tampa, Florida, and works closely with agencies across Florida to deliver solutions that protect and advance the region's water infrastructure resilience. The acquisition expands Parsons' water expertise, strengthens its presence in Florida, and is consistent with the company's strategy of completing accretive acquisitions with revenue growth and
Q2 2025 Financial Highlights Q2 revenue of $1.6 billion decreased 5% year-over-year and 9% on an organic basisRevenue growth of 13% excluding confidential contract; 8% on an organic basisQ2 net income of $55 million decreased $14 million year-over-year, includes $2 million of M&A transaction-related expenses associated with the CTI acquisitionQ2 adjusted EBITDA decreased 1% to $149 million; adjusted EBITDA margin of 9.4% increased 40 basis pointsBook-to-bill ratio of 1.0x and continued streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPOTotal backlog increased to $8.9 billion; 70% is funded, highest level since IPOIncreasing fiscal year 2025 guidance ranges for
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