Core Viewpoint - Parsons' stock experienced a 4% increase, outperforming the S&P 500 index's 0.8% gain, driven by a positive analyst note from Truist Securities [1][2]. Group 1: Analyst Insights - Tobey Sommer of Truist Securities reiterated a buy recommendation for Parsons, citing strong organic sales growth as a positive indicator for the company's future [2][4]. - Sommer forecasts organic sales growth to reach mid-to-high teen percentage rates in 2025, with a more modest growth of 4% expected in 2026 [4][7]. Group 2: Valuation and Market Position - Parsons is considered inexpensive relative to its peer group, trading 27% higher than its competitors in government services, which is close to its three-year average premium of 20% [5]. - The company's unique combination of federal government contracting and critical infrastructure work justifies a higher valuation in Sommer's view [5]. Group 3: Recent Developments - Parsons has secured several contract wins this year, including a partnership with IBM to develop a next-generation air traffic control system for the government [6]. - The company also won construction contracts abroad in Qatar, further enhancing its market position [6].

Core Viewpoint - The collaboration between Parsons Corporation and IBM aims to modernize the Federal Aviation Administration's National Airspace System, responding to government calls for innovation and efficiency in air traffic control systems [1][2][3]. Group 1: Company Collaboration - Parsons Corporation will act as the prime contractor, providing unified leadership and full program responsibility for the air traffic control system overhaul [1][3]. - IBM brings extensive experience in federal government systems integration, enhancing the collaboration's capability to modernize the National Airspace System [4]. Group 2: Industry Impact - The modernization of the National Airspace System is crucial for ensuring a safe, efficient, and reliable U.S. aviation system, which supports travel, economic prosperity, and national security [2]. - The partnership combines nearly 200 years of experience in complex program management and systems integration, positioning it to deliver a state-of-the-art air traffic control system [3]. Group 3: Company Expertise - Parsons has nearly 50 years of experience as the FAA's infrastructure partner, managing projects across over 450 airports in 40 countries [3]. - IBM has a long history of serving the U.S. federal government, providing technology and expertise to improve government efficiency and service delivery [4].

Core Insights - Parsons Corporation has been ranked 1 on Engineering News-Record's (ENR) annual list of Top 50 Program Management Firms, improving its position from the previous year [1] - The company emphasizes its commitment to innovation, collaboration, and accountability in delivering complex projects, with a total constructed value of over $1 trillion across various sectors [2][4] - In addition to the top program management ranking, Parsons achieved high rankings in several other categories, including number two on the Top 100 Professional Services Firms list and number three on the Top 50 Construction Management Firms list [3] Company Overview - Parsons provides a comprehensive range of program and construction management solutions across multiple industries, including aviation, rail, transit, and water management [4] - The company has over 80 years of experience in designing and delivering global infrastructure projects that connect and protect communities [4] - Parsons is recognized as a leading provider of disruptive technology in national security and global infrastructure markets, with capabilities in cyber and intelligence, space defense, and critical infrastructure protection [6] Notable Projects - The Delta Conveyance Project saw Parsons save 18 months on the master program schedule through innovative strategies [6] - The FAA Technical Support Service Contract involved safe and timely project delivery at over 500 airports in the U.S. [6] - For the National Nuclear Security Administration, Parsons reduced the analysis of alternatives process from over a year to three months [6] - In the King Abdullah Financial District project, Parsons successfully restored and handed over 96 percent of the structures to date [6]

Core Insights - Parsons Corporation has been awarded a $137 million contract by the Defense Threat Reduction Agency (DTRA) for cyber operations, marking a significant expansion of its work in this area [1][2] - The contract is part of the Assessment, Exercise, Modeling and Simulation, and Support (AEMSS) indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC) and includes a one-year base period with four one-year options and one six-month option [1] - This contract represents Parsons' third task order under the AEMSS IDIQ MATOC, continuing its long-standing collaboration with DTRA to enhance national security [2] Company Overview - Parsons is recognized as a leading provider of disruptive technology in national security and global infrastructure markets, with expertise in cyber and intelligence, space and missile defense, and critical infrastructure [5] - The company has extensive experience in cybersecurity operations, offering advanced technical innovations, mission planning, and cyber threat intelligence [3] Industry Context - The contract awarded to Parsons reflects the increasing emphasis on cybersecurity and the need for specialized capabilities to counter threats to national security and critical infrastructure [2][3] - Parsons has a history of supporting DTRA's mission to mitigate threats, indicating a strong alignment with government priorities in national security [2]

Core Insights - Parsons Corporation has been awarded a $169.5 million contract by the U.S. Army Corps of Engineers for the design-build delivery of a new Ammonium Nitrate Solution Tank Farm at Holston Army Ammunition Plant, marking a significant new project for the company [1][2]. Company Overview - Parsons is recognized as a leading provider of disruptive technology in national security and global infrastructure, with expertise in various sectors including cyber and intelligence, space and missile defense, and critical infrastructure protection [5]. Contract Details - The contract will enable the Holston Army Ammunition Plant to enhance its storage capabilities for Ammonium Nitrate Solution, which is a byproduct of explosives manufacturing, and will replace existing storage tanks to support expanded manufacturing operations [2][3]. - This contract is part of a broader multi-year, multi-billion-dollar initiative by the U.S. Army to modernize its organic industrial base, which includes upgrades to facilities and workforce capabilities [3]. Historical Context - This award represents Parsons' third contract from the USACE Norfolk District in four years, following previous contracts for an Explosive Decomposition Chamber facility in 2023 and a design-build contract for an Energetic Waste Incinerator in 2021 [3].

Core Insights - Parsons Corporation celebrated the dedication of two stations on the new Foothill Gold Line light rail segment, which spans 9.1 miles and was substantially completed in January 2025, with passenger service expected to begin later this year [1][2] - The extension is part of the 48.5-mile Metro A Line system, which will be the longest light rail line in the United States, connecting Long Beach to Pomona [1][2] Company Contributions - Parsons led the design and construction management of the Foothill Gold Line segment, delivering a state-of-the-art solution to meet the growing transit demand in the San Gabriel Valley [2][3] - The company has a strong reputation in rail and transit, having successfully completed numerous projects on time and within budget, reinforcing its performance reputation [3] Regional Impact - The light rail extension will enhance mobility for commuters in the San Gabriel Valley, providing a fast, efficient, and eco-friendly alternative to driving [2][4] - It aligns with local and regional goals to reduce traffic congestion and environmental impacts, while also boosting the economy by improving access to jobs, education, and entertainment for thousands of residents [4] Company Expertise - Parsons has extensive experience in infrastructure, having worked on over 10,000 miles of roadways, 4,500 bridges, and more than 450 rail and transit projects, contributing to improved safety and travel efficiency [5]

CHANTILLY, Va., June 10, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded a $94.5 million ceiling value task order under the Air Base Air Defense (ABAD) indefinite delivery, indefinite quantity contract. The task order represents new work for the company, and includes a 12-month base year performance period and two 12-month option periods to deliver separable lines of effort related to the integration, test, fielding, and sustainment of command-and-control and early warning capabili ...

Core Insights - Parsons Corporation has been awarded the 2025 Honor Award in the Water and Wastewater category by the American Council of Engineering Companies (ACEC) for the Deer Creek Sanitary Tunnel and Pump Station project, highlighting its commitment to transformative engineering solutions [1][2] Project Overview - The Deer Creek Sanitary Tunnel and Pump Station project previously received the Grand Award from ACEC Missouri, emphasizing its exceptional engineering achievements at the state level [2] - The project is part of the Metropolitan St. Louis Sewer District's Capital Improvement Program and involved extensive design and construction services for various infrastructure components [2][3] Engineering and Design Features - The project includes a four-mile long tunnel, 19 feet in diameter, constructed 175 feet below the surface, capable of storing over 38 million gallons of wastewater during wet-weather events [4] - Key components of the project include a wet weather sanitary storage facility designed to manage peak wet weather flows and prevent downstream sewer overloading [3][4] Environmental Impact - The Deer Creek Watershed encompasses approximately 24,000 acres and includes over 100 miles of sanitary and combined sewer systems, with the project aimed at enhancing environmental sustainability and safeguarding water resources [3] - The innovative engineering solutions implemented in the project are intended to effectively manage excess stormwater and reduce environmental impacts [4] Company Expertise - Parsons has extensive experience in designing and delivering infrastructure projects globally, including roads, bridges, rail systems, and public transit, contributing to improved safety and travel efficiency [5]

Summary of Parsons (PSN) Conference Call Company Overview - Parsons operates in the consulting and engineering sectors, with approximately 20,000 employees across 23 countries and all 50 states [4][5] - The company reports in two segments: Federal (52% of revenue) and Critical Infrastructure (48% of revenue) [5] Core Business Segments 1. **Cyber and Intelligence**: - Represents about 20% of revenue with over 20% growth in the last two years [5][6] - Focuses predominantly on offensive cyber operations (75%) [6] 2. **Space and Missile Defense**: - Accounts for 10% of revenue; Parsons is the leading contractor for the Missile Defense Agency [7] 3. **Critical Infrastructure Protection**: - Comprises 17% of revenue, focusing on security for embassies and consulates [9] 4. **Transportation**: - Represents 26% of revenue; involved in extensive road, bridge, rail, and airport projects globally [12] 5. **Urban Development**: - Accounts for 12% of revenue, with significant projects in the Middle East [14] Financial Guidance and Contract Impact - Parsons cut guidance due to a significant contract with the Department of State, which was paused but not canceled [16][19] - Despite the guidance cut, the stock rose by 7% [16] - The company anticipates 17% total growth and 14% organic growth, with strong performance expected in both segments [21] Federal Business Insights - The federal segment is projected to grow by 19% total and 17% organically [21] - Parsons is well-positioned for the Golden Dome missile defense program, leveraging its long-standing experience in system engineering and integration [26][27] - The FAA modernization effort includes $12.5 billion in funding, with Parsons having a long history of supporting FAA projects [32][34] Market Trends and Opportunities - The company is aligned with defense budget priorities, focusing on areas such as cyber, munitions modernization, and border security [42][44] - Parsons is actively pursuing M&A opportunities, targeting companies with over 10% growth and EBITDA margins [52] Middle East Operations - The Middle East segment is projected to grow double digits, with significant infrastructure projects underway in Saudi Arabia and the UAE [75][76] - The UAE's population growth necessitates extensive infrastructure development, which Parsons is heavily involved in [75] - The company is managing major projects like the King Salmon International Airport and the Riyadh metro [78][80] Utilization and Efficiency - Parsons maintains strong employee utilization rates between 80-90% [56] - The company has successfully moved away from legacy programs, leading to improved margins [71] Conclusion - Parsons is strategically positioned for growth in both federal and critical infrastructure sectors, with a strong focus on technology and integration capabilities. The company is optimistic about future opportunities, particularly in the Middle East and federal contracts, despite recent guidance adjustments.

Parsons (PSN) FY Conference June 03, 2025 12:20 PM ET Speaker0 Microphone is working, but if it's not, I'll just shout. So good good afternoon. I'm Louis DePalma. I cover aerospace and defense and smart city technologies on William Blair's equity research team. This is the first day of the forty fifth annual William Blair Growth Stock Conference. We're pleased to be hosting a thirty minute, mostly presentation, with the Parsons management team. And joining me today are Chair and CEO, Carrie Smith, and Head ...