CHANTILLY, Va., Dec. 18, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a seat on the U.S. Air Force Comprehensive Construction & Engineering Multiple Award Task Order Contract (MATOC). Managed by the Air Force Civil Engineering Center (AFCEC), this $15 billion ceiling value contract will ensure the readiness and resilience of U.S. Air Force and Department of War facilities. Work will be performed globally, with an initial five-year ordering period and ...

Parsons is now Kettle Hill Capital Management's second-largest holding.Kettle Hill Capital Management disclosed a significant purchase of Parsons Corporation (PSN 2.25%) shares, adding 278,919 shares and increasing its position value by approximately $24.18 million, according to a November 13, 2025, SEC filing.What HappenedKettle Hill Capital Management reported a substantial increase in its holding of Parsons Corporation, according to a November 13, 2025, filing with the Securities and Exchange Commission ...

Core Viewpoint - Parsons Corporation is a significant player in the defense and infrastructure sectors, focusing on technology-driven solutions and competing for government contracts [1] Group 1: Company Overview - Parsons Corporation trades under the symbol NYSE:PSN and has a market capitalization of approximately $6.99 billion [1] - The company specializes in defense, intelligence, and critical infrastructure solutions [1] Group 2: Recent Developments - On December 11, 2025, Jefferies adjusted its rating for Parsons to "Hold," with the stock priced at around $65.50 and a revised price target lowered from $90 to $75 [2][6] - Parsons secured an $88 million task order to enhance air defense systems at the USAFE-AFAFRICA in Germany, increasing the total value under the ABAD program to approximately $192 million for 2025 [3][6] - The three-year contract includes hardware procurement, system integration, and specialized training to ensure operational readiness and enhanced security capabilities [4] Group 3: Stock Performance - Currently, NYSE:PSN is priced at $65.44, experiencing a 2.36% decrease today, with a trading range between $65.32 and $67 [5] - Over the past year, the stock has seen a high of $99.04 and a low of $54.56, with a trading volume of 823,157 shares [5]

Core Insights - Parsons Corporation has been awarded an $88 million contract to support the U.S. Air Forces in Europe - Air Forces Africa at Ramstein Air Base, bringing the total value under the Air Base Air Defense contract to $192 million in 2025 [1][2] Group 1: Contract Details - The awarded contract is a single-award Task Order contract over three years [1] - The total value of Parsons' work under the Air Base Air Defense contract has reached $192 million in 2025 [1] Group 2: Company Commitment and Capabilities - Parsons emphasizes its commitment to delivering advanced technology solutions and expert support for air base security [2] - The scope of work includes advanced equipment procurement, systems integration, operator training, technical support, and maintenance to ensure mission readiness and operational excellence [2] Group 3: Historical Context - In 2021, Parsons received a 10-year Indefinite Delivery Indefinite Quantity contract valued at $953 million, highlighting its leadership in national security operations [3] - This new contract reinforces Parsons' ongoing commitment to safeguarding military operations and enhancing air defense systems across Europe and Africa [3] Group 4: Company Overview - Parsons is recognized as a leading disruptive technology provider in national security and global infrastructure markets, with capabilities in various sectors including cyber warfare, space defense, and critical infrastructure protection [4]

Question-and-Answer SessionWe're going to do fireside as you can probably tell from our setup here. Please have some questions loaded up, though, if there's any time at the end. Carey, why don't you just level set us to the story?Carey SmithPresident, CEO & Chairwoman Certainly. So Parsons, we report in 2 segments. We're about 51% Federal Solutions, 49% Critical Infrastructure. We have 6 end markets, cyber and electronic warfare, where we're one of the leaders in offensive cyber and also the ability to conv ...

Summary of Parsons Conference Call - December 09, 2025 Company Overview - **Company**: Parsons Corporation (NYSE: PSN) - **Segments**: 51% Federal Solutions, 49% Critical Infrastructure - **Revenue Breakdown**: - Cyber and Electronic Warfare: 20% - Space and Missile Defense: 10% - Critical Infrastructure Protection: 10% - Transportation: 28% - Water and Environment: 15% - Urban Development: 13% [3][4][5] Core Insights and Arguments - **Growth Performance**: - Anticipated total growth of 14% for the year, with 9% organic growth [7] - Excluding the Confidential Contract, Parsons has been the industry organic growth leader for three consecutive years [7][28] - The Confidential Contract contributed $355 million in revenue, expected to diminish to $20 million in Q4 and $10-$15 million in early 2026 [6][8] - **FAA Contract**: - Parsons has a long-standing relationship with the FAA, having supported them for five decades [10] - Awarded a $1.8 billion contract in April 2023, running until April 2033, with $1 billion ceiling remaining [12][14] - **Growth Areas for 2026**: 1. **Critical Infrastructure**: Expected double-digit growth in North America and the Middle East, driven by the Infrastructure Investment and Jobs Act [15] 2. **Border Security**: $160 billion allocated in the reconciliation bill, with Parsons involved in various international border security programs [16] 3. **Golden Dome Initiative**: Focus on missile defense integration, with a $1 billion ceiling remaining [17] 4. **Cybersecurity**: Addressing national security challenges, particularly concerning China [18] - **Emerging Contaminants**: - PFOS/PFAS market is estimated at $40 billion, with patented HOT ESCO technology for on-site remediation [20][48] - **International Projects**: - Significant involvement in major projects in Saudi Arabia, including preparations for the 2030 Expo and 2034 World Cup [35] - Growth in the UAE and Qatar, focusing on urban development and infrastructure [36] Additional Important Points - **M&A Activity**: - Parsons has acquired 16 companies since 2017, with a focus on enhancing capabilities in critical infrastructure and federal sectors [28][39] - Plans for continued M&A activity, with an active pipeline and a focus on share repurchases due to stock dislocation [39] - **Financial Performance**: - Consistent margin expansion, with a 50 basis point increase in margins over the past two years [30][32] - Book-to-bill ratio greater than 1.0 for 20 consecutive quarters in critical infrastructure [34] - **Capital Allocation**: - Authorized for $250 million in share repurchases, with $185 million remaining as of Q3 [39] - **Regulatory Environment**: - Federal MCO levels remain unchanged, but implementation timelines have been extended, with expectations for market peak around 2032 [49] This summary encapsulates the key points discussed during the Parsons conference call, highlighting the company's strategic focus, growth areas, and financial performance.

CHANTILLY, Va., Dec. 08, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN), the systems integrator for the Office of Space Commerce’s (OSC) Traffic Coordination System for Space (TraCSS) program, is proud to announce that this groundbreaking advancement in space traffic coordination has been recognized with the esteemed 2025 SpaceNews Icon Award for Civil Space Achievement. This prestigious accolade underscores Parsons' commitment to advancing safe and efficient operations in an increasingly congested ...

We recently published December Disappointments: 10 Big Names Troubled Early. Parsons Corporation (NYSE:PSN) is one of the worst performers of last week. Parsons Corp. fell by 21.29 percent week-on-week as investor sentiment was dampened by its loss of a billion-dollar air traffic control system contract to its rival, Peraton. On Thursday, the Federal Aviation Administration said that it has awarded to Peraton—a national security company owned by Veritas Capital—its $12.5 billion contract to oversee and ove ...

CHANTILLY, Va., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the Missouri Highways and Transportation Commission has selected the Emery Sapp & Sons (ESS)-Parsons Team to deliver the Interstate 70 Rocheport to Columbia Design-Build project. The $441 million reconstruction effort will improve a vital segment of I-70 through Boone County, adding a third lane of travel in each direction, modernizing pavement and bridges, and enhancing interchange operations to support s ...

CHANTILLY, Va., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced the company has secured a position on Sound Transit’s 2025 $1 billion ceiling Multiple Award Task Order Contract (MATOC) for design services. This five-year contract, with two potential one-year extensions, will support Sound Transit’s $60 billion capital program—one of the largest transportation infrastructure initiatives in North America. Under this MATOC, Parsons will provide architecture, engineering, and related ...