CHANTILLY, Va., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN), a leading national security solutions company in the space domain, is proud to announce the successful delivery of Phase 1.0, the initial capabilities release for the National Oceanic and Atmospheric Administration's (NOAA) Office of Space Commerce's (OSC) Traffic Coordination System for Space (TraCSS) program. Parsons is the system integration and cloud management services lead for TraCSS, a modern, cloud-based IT system th ...

Core Viewpoint - Parsons Corporation is set to release its third quarter 2024 financial results on October 30, 2024, before market opening, followed by a conference call to discuss earnings and strategic initiatives [1]. Group 1: Financial Results Announcement - The third quarter 2024 financial results will be released before the markets open on October 30, 2024 [1]. - A conference call is scheduled for 8:00 a.m. Eastern Time on the same day to discuss the earnings results [1]. Group 2: Investor Relations - Access to the live conference call can be obtained through the Investor Relations section of the company's website [3]. - A replay of the conference call will be available on the company's website approximately two hours after the call and will continue for one year [3]. Group 3: Company Overview - Parsons Corporation is a leading provider of disruptive technology in national security and global infrastructure markets, with capabilities in various sectors including cyber and intelligence, space and missile defense, and critical infrastructure protection [4].

Core Insights - Parsons Corporation has been awarded a $68.5 million contract by the U.S. Army Corps of Engineers (USACE) for the design-bid-build delivery of new housing units in the Kwajalein Atoll, marking a significant expansion of its work in this region [1][3] - The company has also been selected for the USACE Honolulu District's PreQualified Source Listing, allowing it to receive future large task orders valued at $50 million or more [2] - Since 2019, Parsons has secured over $400 million in contracts related to the Indo-Pacific Command (INDOPACOM), showcasing its expertise in program and construction management, engineering, and complex infrastructure [3] Contract Details - The new contract spans three years and is focused on delivering army housing units on-island, representing the second such contract awarded to Parsons within a year [3] - In October 2023, Parsons was awarded a $44 million contract for similar housing units, indicating a growing demand for its services in military infrastructure [3] Strategic Positioning - Parsons is recognized as a trusted partner to the USACE, contributing to infrastructure projects that support U.S. Indo-Pacific Command initiatives [3] - The company emphasizes its capability to navigate the logistical challenges of the Kwajalein Atoll, which is characterized by a highly corrosive and humid environment [3]

Core Insights - Parsons Corporation has been selected as the lead engineer for the State Route 400 Express Lanes Major Mobility Investment Program Project in Georgia, in partnership with GDOT and SRTA [1][3] - The project, valued at $4.6 billion, will add express lanes over a 16-mile stretch of SR 400, enhancing traffic flow and reducing congestion [2] Project Details - The project will implement electronic tolled express lanes with a 50-year concession period, advanced traffic management systems, and a digital twin asset management system [2] - It is projected that the corridor will see an increase of 144,000 residents and 114,000 jobs by 2050, indicating significant growth in the area [2] - The project will also incorporate Cellular Vehicle-to-Everything technologies for Connected and Automated Vehicle management [2] Additional Investments - A $100 million state bond investment will support major components of MARTA's Bus Rapid Transit line, which will utilize the new express lanes [3] Company Expertise - Parsons has extensive experience in infrastructure projects, having worked on over 10,000 miles of roadways and 4,500 bridges, focusing on improving safety and travel efficiency while reducing emissions [4]

AI themed stocks boost equities NEW YORK, Aug. 26, 2024 /PRNewswire/ -- Zephyr, a subsidiary of Informa plc (LSE: INF), and a recognized leader in asset and wealth management software has released its highly anticipated PSN Top Guns List for Q2 2024. The list is an important reference for plan sponsors, advisors, family offices and asset managers showcasing the best performing separate accounts, managed accounts and managed ETF strategies each quarter. "The PSN SMA database remains a central resource for pl ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which look ...

Parsons Corporation (PSN) has been selected as the lead designer for the Honolulu Authority for Rapid Transportation's City Center Guideway and Stations Project. Parsons, who acts as a subcontractor to Tutor Perini Corporation (TPC) in the project, leads the industry in rail and vehicle design with an innovative approach. The company's commitment to excellence ensures the delivery of advanced solutions that meet the evolving needs of customers. The $1.66 billion project is scheduled to be finished by 2030 a ...

Core Insights - Parsons Corporation has been awarded nearly $46 million to manage Operations Technology Maintenance Services for a strategic transportation customer on the East Coast [1] - The project aims to enhance service delivery through advanced technologies, including digital twins and AI, to improve scheduling and service reliability [2] Company Overview - Parsons is recognized as a leading disruptive technology provider in national security and global infrastructure markets, with expertise in various sectors including transportation, environmental remediation, and critical infrastructure protection [5] - The company has extensive experience in infrastructure development, having worked on over 10,000 miles of roadways, 4,500 bridges, and more than 50 advanced traffic management system deployments [3]

Parsons (PSN) stock has gained more than 2 times the S&P 500's return since its initial public offering (IPO) in 2019. Artificial intelligence (AI) stocks have been in huge demand from investors since last year. The primary catalyst for the AI stock frenzy was OpenAI's release of its ChatGPT chatbot in late 2022, which showcased the amazing capabilities of generative AI. This big boost in demand for AI stocks has significantly driven up the prices and valuations of many of them. The high valuations of some ...

Core Insights - Parsons Corporation has been appointed as the lead designer for the Honolulu Authority for Rapid Transportation's City Center Guideway and Stations Project, valued at $1.66 billion, in partnership with Tutor Perini Corporation [1][2] Group 1: Project Overview - The project involves the design and construction of six rail stations and approximately three miles of elevated rail guideway, starting from the Middle Street Transit Center Station to the Civic Center Station in downtown Honolulu [2] - Design work is set to commence in 2024, with construction expected to begin in the second half of 2025 and substantial completion anticipated by 2030 [2] Group 2: Company Positioning - Parsons Corporation is recognized as a leader in rail and transit design, emphasizing innovative approaches and a commitment to excellence in delivering solutions that meet client and community needs [2] - The company aims to create sustainable and efficient transportation systems that enhance connectivity and improve quality of life [2] Group 3: Company Background - Parsons Corporation operates in various sectors, including national security, global infrastructure, cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection [4]