Samantha Stiroh

Samantha Stiroh of Bank of America, on for Mariana Perez Mora, inquired about the current hiring environment and Parsons' ability to redeploy personnel to high-priority growth areas.

Answer

CEO Cary Smith described the hiring environment as 'very strong,' highlighting that employee retention is the best it has been since 2020. She attributed this success to the company's mission-focused culture and exciting project wins. Ms. Smith affirmed that Parsons has a strong ability to move employees across the company to meet demand, citing a common pool of program management and engineering talent.

Samantha Stiroh, on for Mariana Perez Mora, asked about the business dynamics for the Mission Technology Solutions (MTS) segment internationally. She also inquired about the current M&A environment and the types of bolt-on acquisitions KBR is targeting.

Answer

President and CEO Stuart Bradie explained that KBR's international MTS business is primarily in the U.K. and Australia, underpinned by long-term contracts like Aspire. He noted positive spending indicators in both countries. On M&A, he reiterated KBR's disciplined strategy of acquiring companies to accelerate growth in specific vectors, such as the intelligence community, and to add innovative technologies like sustainable aviation fuel.