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
Defense technology investment reached $49.1 billion in 2025, with institutional capital rotating into platforms securing critical infrastructure against quantum and AI-driven risks. 2026 is designated the Year of Quantum Security, supported by FBI and NIST. Leading companies are expanding capabilities: Parsons acquired Altamira Technologies for u...
Parsons Corporation announced the acquisition of Altamira Technologies Corporation for up to $375 million ($330 million upfront plus $45 million contingent on 2027 performance targets). The McLean, Virginia-based Altamira specializes in analytics, signals intelligence, and space systems engineering with over 600 employees, 90% holding security cl...
Parsons Corporation (NYSE:PSN) announced the acquisition of Northern Virginia-based Altamira Technologies Corporation for up to $375 million. The deal includes $330 million in cash at closing and a $45 million earn-out in Q1 2027 based on EBITDA targets. Altamira's advanced analytics, signals intelligence, cyber, and space capabilities will stren...
Parsons Corporation received six major recognitions in 2025 for its commitment to hiring and supporting military veterans, including the Department of Labor HIRE Vets Gold Medallion Award, Military Times Best for Vets Rankings (2nd in Virginia), and GI Jobs Military Friendly Employer Award Gold (9th nationally). The company's MILVET program achie...
U.S. stock futures pared earlier gains on Tuesday as investors await delayed Q3 GDP and durable goods reports. Major indices showed mixed performance with SPY and QQQ slightly lower in premarket trading. Key movers included Parsons (contract award), ZIM (acquisition proposals), Trump Media (Bitcoin purchase), and XMax (public offering). Markets a...
