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 and Emery Sapp & Sons have been selected to deliver a $441 million Interstate 70 reconstruction project in Boone County, Missouri, adding a third lane in each direction and modernizing infrastructure. Construction is set to begin in mid-2026 and complete by December 2029.
Parsons Corporation has acquired Applied Sciences Consulting, a Florida-based engineering firm specializing in water and stormwater solutions, in an all-cash transaction to expand its water infrastructure expertise and presence in Florida.
Parsons, a financial services company, has signed deals worth up to $97 billion in Qatar and Saudi Arabia for airport infrastructure development. The deals are expected to be lucrative for the company.
The headline numbers for Parsons (PSN) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
