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PARSONS (PSN)

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Earnings summaries and quarterly performance for PARSONS.

Recent press releases and 8-K filings for PSN.

Parsons Acquires Altamira Technologies Corporation
PSN
M&A
New Projects/Investments
Guidance Update
  • Parsons Corporation has acquired Altamira Technologies Corporation in a transaction valued up to $375 million.
  • The acquisition involved $330 million in cash at closing, with an additional $45 million cash earn out payable in Q1 2027 if certain EBITDA targets are met during 2026.
  • Altamira, founded in 1999, enhances Parsons’ defense and intelligence portfolio by delivering advanced analytics, signals intelligence, cyber, missile warning, and space capabilities.
  • The transaction is expected to be accretive to Parsons’ fiscal year 2026 revenue growth rate, adjusted EBITDA margin, and adjusted earnings per share, with Altamira estimated to generate over $200 million of revenue in 2026.
9 hours ago
Parsons Awarded Design and Construction Management Contract in Saudi Arabia
PSN
New Projects/Investments
  • Parsons Corporation (NYSE: PSN) was awarded a 60-month contract by the Public Investment Fund-owned New Murabba Development Company for design and construction technical support, representing new work for the company.
  • As the Infrastructure Lead Design Consultant (ILDC), Parsons will provide design and engineering services for infrastructure, public buildings, landscape, and the public realm of the 14 million square meter New Murabba development in Riyadh, Saudi Arabia.
  • This contract reinforces Parsons' long-standing presence in Saudi Arabia, where it has been a partner for over 65 years and currently manages more than 50 active projects, aligning with the Saudi Vision 2030.
2 days ago
Parsons Awarded $392 Million Federal Contract
PSN
New Projects/Investments
  • Parsons Corporation (NYSE: PSN) was awarded a ten-year, $392 million single-award contract by a Federal customer.
  • This contract represents new work for the company and leverages its biometrics and network engineering capabilities.
  • Parsons offers advanced biometrics and identity management solutions, having delivered over 3,500 mobile biometrics solutions previously.
Jan 5, 2026, 11:30 AM
Parsons Awarded MDA SHIELD Contract
PSN
New Projects/Investments
  • Parsons Corporation (NYSE: PSN) was awarded a contract for the Missile Defense Agency (MDA) Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) indefinite-delivery/indefinite-quantity (IDIQ).
  • The contract has a ceiling of $151 billion.
  • This contract is designed to facilitate the rapid delivery of innovative capabilities to the warfighter with increased speed and agility.
Dec 22, 2025, 9:05 PM
Parsons Awarded $30 Million Contract for SDA Blackjack Space Mission
PSN
New Projects/Investments
  • Parsons Corporation (NYSE: PSN) has been awarded a $30 million contract by the U.S. Space Development Agency (SDA).
  • This new contract enhances a previous $11 million contract from 2021 by DARPA for the Blackjack flight demonstration.
  • Parsons will provide comprehensive Blackjack mission operations, utilizing its OrbitXChange™ platform and Ground Operations Center as-a-Service commercial solution.
  • The company will also offer integrated mission support capabilities, including advanced experimentation and operational planning services, to enhance satellite operations and global coverage.
Dec 22, 2025, 11:25 AM
Parsons Awarded Contract Exceeding $100 Million for Munitions Facility
PSN
New Projects/Investments
  • Parsons Corporation (NYSE: PSN) has been awarded a task order exceeding $100 million by Nammo.
  • The contract is for providing design and program and construction management for a new rocket motor manufacturing facility in Perry, Florida.
  • This initiative supports the Department of War’s Acquisition Transformation Strategy by expanding the U.S. munitions production capacity and strengthening supply chain resilience.
  • The contract encompasses a two-year construction period and represents new work for Parsons.
Dec 19, 2025, 11:30 AM
Parsons Awarded Seat on $15 Billion U.S. Air Force Contract
PSN
New Projects/Investments
Revenue Acceleration/Inflection
  • Parsons Corporation (NYSE: PSN) was awarded a seat on the U.S. Air Force Comprehensive Construction & Engineering Multiple Award Task Order Contract (MATOC).
  • This contract has a $15 billion ceiling value and includes an initial five-year ordering period with five one-year options.
  • Under the contract, Parsons will compete for task orders to provide services for the design and construction management of new facilities, as well as the maintenance, renovation, and restoration of existing infrastructure globally.
  • The scope encompasses various critical infrastructure projects, including administrative facilities, airfields, and utilities, to enhance military installations' operational demands.
  • This award further positions Parsons for continued U.S. Air Force work, building on other contracts awarded in 2025, such as a $1.5 billion AFCEC Environmental Services Contract.
Dec 18, 2025, 11:30 AM
Parsons Secures $88 Million Air Base Air Defense Contract
PSN
New Projects/Investments
  • Parsons Corporation has been awarded an $88 million single-award Task Order contract over three years to support the U.S. Air Forces in Europe - Air Forces Africa (USAFE-AFAFRICA) Air Base Air Defense (ABAD) mission at Ramstein Air Base, Germany.
  • This award brings the company’s total value under the ABAD contract to $192 million in 2025.
  • The company will deliver comprehensive solutions including advanced equipment procurement, systems integration, specialized operator training, and ongoing technical support and maintenance.
  • This new work reinforces Parsons' existing 10-year Indefinite Delivery Indefinite Quantity single award contract valued at $953 million, which was received in 2021.
Dec 10, 2025, 11:30 AM
Parsons Highlights Strong Organic Growth, Strategic Market Opportunities, and Capital Allocation Plans
PSN
Guidance Update
New Projects/Investments
Share Buyback
M&A
  • Parsons anticipates 14% total growth and 9% organic growth for the current year (2025), with expectations of mid-single digits or better organic growth into 2026, positioning itself as an industry leader in organic growth across both segments.
  • The confidential contract, which contributed approximately $355 million this year, is winding down and is expected to conclude by February 2026, with minimal impact remaining in Q4 2025 and early 2026.
  • Significant growth drivers include Critical Infrastructure (double-digit growth in North America and the Middle East, supported by major government spending and projects like the IIJA and $1.5 trillion in Middle East initiatives), border security, Golden Dome missile defense work, and cyber programs, including the $500 million Joint Cyber Hunt Kit program.
  • The company has demonstrated consistent financial strength with a book-to-bill ratio greater than 1.0 since its IPO, and has expanded margins by 50 basis points in each of the last two years, with further expansion anticipated in the coming year.
  • Parsons plans to increase share repurchases in Q4, with $185 million remaining from a $250 million authorization, while continuing to pursue two to four acquisitions annually to drive further growth and margin expansion.
Dec 9, 2025, 3:40 PM
Parsons Provides Growth Outlook and Capital Allocation Update
PSN
Guidance Update
New Projects/Investments
Share Buyback
  • Parsons anticipates 14% total growth and 9% organic growth for the current year, excluding the Confidential Contract, which was $355 million this year and is expected to diminish significantly by February of next year.
  • The company expects mid-single digits or better organic growth in 2026 and has achieved margin expansion of 50 basis points last year and an additional 50 basis points this year, with further expansion anticipated next year.
  • Key growth areas include Critical Infrastructure (North America and Middle East), border security, Golden Dome, cyber, and the $40 billion addressable market for PFOS/PFAS remediation.
  • Parsons maintains a strong book-to-bill ratio, consistently above 1.0 since its IPO, and has $185 million remaining for share repurchases as of the end of Q3, with plans for increased activity in Q4.
Dec 9, 2025, 3:40 PM