Parsons Corporation
PSNParsons Corporation (PSN) is a global engineering, construction, and technology firm specializing in infrastructure, defense, and security solutions. Founded in 1944, the company provides innovative services in areas such as cybersecurity, smart city development, and transportation systems, serving government and commercial clients worldwide.
Company News
Parsons Corporation has been selected to provide program management, construction management, and construction supervision for the Lusail City Infrastructure Program in Qatar under a three-year contract. This award continues Parsons' nearly 20-year relationship with Qatari Diar on the 38 square kilometer master-planned development, which comprise...
Parsons Corporation (NYSE: PSN) stock rose 0.92% on Tuesday after securing design and construction oversight contracts for the $1.1-1.4 billion John A. Blatnik Bridge replacement project between Minnesota and Wisconsin. The stock outperformed the broader market as the Nasdaq declined 1.32% and the S&P 500 lost 0.37%, benefiting from strength in t...
With U.S. defense spending surging to historic levels, specialized defense contractors focused on battle network integration, missile tracking, and AI-enabled edge processing are positioned for significant growth. Mercury Systems, Leonardo DRS, and Parsons are highlighted as key beneficiaries due to their critical roles in next-generation warfare...
Congress approved an $839 billion defense spending bill for fiscal 2026, allocating $9.8 billion toward autonomous and unmanned systems development. The global AI in defense and aerospace market is projected to grow from $4.2 billion in 2026 to $42.8 billion by 2036 at a 26.4% CAGR. Major defense contractors including Howmet Aerospace, Curtiss-Wr...
Parsons stock fell 14.4% after reporting Q4 earnings that missed analyst expectations with $1.6 billion in sales (down 8% YoY) and $0.75 EPS. The decline was driven by softened sales in a confidential contract, though the company expects to return to growth with 2026 guidance of $6.5-6.8 billion in revenue.
