Parsons Corp bags a 5-year contract to develop Phase II of the Diriyah project   New York-listed Parsons Corporation announced it has been awarded a SAR 210 million ($56 million) contract to develop Phase II of the Diriyah project, one of the Public Investment Fund’s (PIF) flagship projects. The five-year contract covers design, supervision, and project management services.   In a statement, Parsons said the contract includes developing parks, neighborhood green spaces, open landscapes, and beautification ...

Robert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of Airdrie, Alberta, Canada, Robert has earned Bachelor of Arts and Master of Business Administration (MBA) degrees.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the com ...

Robert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of Airdrie, Alberta, Canada, Robert has earned Bachelor of Arts and Master of Business Administration (MBA) degrees.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the com ...

Core Insights - Parsons Corporation has been awarded two contracts exceeding $100 million for program management and design engineering for Middle East government customers, highlighting its capabilities in national security and critical infrastructure [1][2] - The company aims to leverage its strong regional presence in transportation and urban development to expand into adjacent markets related to defense, security, tourism, and entertainment [1][3] Company Capabilities - Parsons is recognized as the top firm in program management and ranks among the top 40 defense companies globally, with a diverse customer base in cyber, transportation, urban development, and critical infrastructure protection [3] - The company has extensive experience in the Middle East, having operated in the region since the 1950s, and has completed thousands of projects, including significant infrastructure developments [4] Strategic Focus - The contracts will involve leading the design review and project management of national security infrastructure programs, including border security facilities [2][3] - Parsons emphasizes its commitment to enhancing regional and global security through its industry-leading capabilities and local expertise [2][4]

Diriyah project masterplan/Image: SuppliedParsons Corporation announced that it has been awarded a SAR210m ($56m) contract for Phase 2 of the Diriyah project by Diriyah Company, a wholly owned subsidiary of Saudi Arabia’s Public Investment Fund (PIF). The five-year contract, secured in the first half of 2025, represents new work for the company and further strengthens its long-standing partnership with the Kingdom.Under the contract, Parsons will lead the design and delivery of a series of iconic and neigh ...

Core Insights - Parsons Corporation has been awarded a $56 million contract for Phase 2 of the Diriyah project, which is a 5-year engagement aimed at enhancing urban development in Saudi Arabia [1][4] - The Diriyah project is part of Saudi Arabia's Vision 2030, focusing on creating a mixed-use urban destination that integrates traditional Najdi architecture with modern urban planning [3][10] Group 1: Contract Details - The contract involves the design and delivery of parks, open spaces, and over 55 kilometers of streetscape, including streets, footpaths, and civic buildings [2] - This contract represents new work for Parsons Corporation, which has been a partner in various urban development projects in Saudi Arabia since 2017 [4][5] Group 2: Project Significance - Diriyah is historically significant as the birthplace of Saudi Arabia and is home to the UNESCO World Heritage Site, At-Turaif [3][8] - The development aims to create a walkable city for approximately 100,000 residents and accommodate nearly 50 million visits annually [4][9] Group 3: Company Background - Parsons Corporation has over 65 years of experience in Saudi Arabia and currently manages more than 50 active projects, including mega and giga projects [5] - The company specializes in urban development, transport infrastructure, and sustainability, contributing to the Kingdom's economic diversification efforts [6][11]

Core Insights - Parsons Corporation has been awarded a $10 billion ceiling value contract under the Worldwide Expeditionary Multiple Award Contract (WEXMAC) by the U.S. Naval Supply Systems Command, aimed at providing critical supplies and services for military operations, humanitarian assistance, and disaster relief over a five-year base period with an option for an additional five years [1][2]. Group 1: Contract Details - The contract allows Parsons to compete for task orders that support key U.S. Navy operational requirements, including theater opening, sustainment, distribution, stability operations, and civil support [2]. - The contract is classified as an Indefinite Delivery Indefinite Quantity (IDIQ) contract, which provides flexibility in the delivery of services and supplies as needed [1]. Group 2: Company Commitment and Expertise - Parsons emphasizes its dedication to supporting the U.S. military and coalition partners, highlighting its expertise in logistics and operational support to enhance mission success in various environments [3]. - The company aims to deliver comprehensive logistics solutions that maximize readiness while minimizing costs throughout the lifecycle of a program, utilizing proven methodologies and processes [3]. Group 3: Company Overview - Parsons is recognized as a leading disruptive technology provider in national security and global infrastructure markets, with capabilities spanning cyber and electronic warfare, space and missile defense, and critical infrastructure protection [5].

Core Viewpoint - Parsons (PSN) has consistently beaten earnings estimates and is well-positioned for future earnings surprises, particularly with an upcoming report expected on November 5, 2025 [1][7]. Earnings Performance - For the most recent quarter, Parsons reported earnings of $0.78 per share, exceeding the expected $0.74 per share, resulting in a surprise of 5.41% [2]. - The average surprise for the last two quarters was also 5.41%, indicating a strong performance trend [1][2]. Earnings Estimates and Predictions - Estimates for Parsons have been trending higher, supported by its history of earnings surprises [4]. - The company currently has an Earnings ESP of +2.49%, suggesting analysts are optimistic about its earnings prospects [7]. - A positive Earnings ESP combined with a Zacks Rank of 3 (Hold) indicates a potential for another earnings beat [7]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [6].

Core Insights - Parsons Corporation has acquired Applied Sciences Consulting, Inc., enhancing its capabilities in water infrastructure and stormwater management solutions [1][2] - The acquisition aligns with Parsons' strategy to focus on accretive transactions that meet specific revenue growth and adjusted EBITDA margin thresholds [2][3] - The deal is expected to strengthen Parsons' position in the southeastern U.S., a region poised for significant investment in climate-resilient projects [2] Company Overview - Parsons Corporation is based in Chantilly, Virginia, providing engineering, cyber, defense, and critical-infrastructure modernization services globally [3] - The acquisition of Applied Sciences highlights Parsons' commitment to integrating traditional engineering with advanced modeling and data-driven infrastructure solutions [3]

Core Insights - Parsons Corporation has been recognized by Glassdoor as one of the Best-Led Companies, highlighting its commitment to a people-first culture [1][3] - The company ranked 27 among 50 honorees across various industries, being the top-ranked company in the national security and critical infrastructure sector [2] Company Culture and Leadership - The recognition reflects the leadership style of President and CEO Carey Smith, emphasizing a culture that is inviting, learning-led, and balanced [3] - The executive team has invested in employee development through initiatives like LinkedIn Learning licenses, live professional development courses, and leadership development programs [3] - A strong feedback culture is in place, with annual employee surveys leading to improvements in work options, leave time, and benefits [3] Industry Position - Parsons is a leading provider of disruptive technology in national security and global infrastructure markets, with capabilities in various sectors including cyber warfare, space defense, and critical infrastructure protection [5]