CHANTILLY, Va., Dec. 18, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) has named proven executive and legal expert John Martinez as the company’s next chief legal officer (CLO), effective February 16, 2026. The announcement follows the notification by current CLO Mike Kolloway to Parsons’ CEO and board of directors of his intent to retire in the second quarter of 2026; Kolloway will remain with the company as an advisor until his retirement to ensure a seamless transition. “John Martinez is one of ...

Core Insights - Parsons Corporation has been awarded a seat on the U.S. Air Force Comprehensive Construction & Engineering Multiple Award Task Order Contract (MATOC) with a ceiling value of $15 billion, aimed at enhancing the readiness and resilience of U.S. Air Force facilities [1][2]. Group 1: Contract Details - The contract will allow Parsons to compete for task orders that include design and construction management of new facilities, as well as maintenance, renovation, and restoration of existing infrastructure [2]. - The initial ordering period for the contract is five years, with five additional one-year options available [1]. Group 2: Company Commitment and Capabilities - Parsons emphasizes its commitment to providing technology and expertise to support the U.S. Air Force, highlighting its long-standing partnership and proven capability in delivering innovative solutions [3]. - The scope of the contract includes various projects such as administrative facilities, airfields, utilities, and critical infrastructure, which are essential for mission readiness [3]. Group 3: Future Opportunities - This MATOC positions Parsons for continued work with the U.S. Air Force, complementing other contracts awarded in 2025, including a $1.5 billion Environmental Services Contract [4]. - The company is recognized as a leading provider of infrastructure solutions and all-domain support, enhancing operational readiness and mission success [4][5].

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]

Core Insights - Parsons operates in two segments: 51% Federal Solutions and 49% Critical Infrastructure [1] - The company has six end markets, with a significant focus on cyber and electronic warfare, contributing 20% to Parsons' revenue [1] - Parsons has a long-standing role in space and missile defense, serving as the system engineering and integration contractor for the Missile Defense Agency for four decades [1] Segment Overview - In the cyber and electronic warfare market, Parsons is recognized as a leader in offensive cyber capabilities and the integration of cyber with electronic warfare [1] - The company has developed over 170 different ground systems for the space domain and operates large satellite vehicles commercially [2] - Parsons is involved in assured position, navigation, and timing, as well as space domain awareness, recently receiving the Space Icon award [2]

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 ...

Core Insights - Parsons Corporation (NYSE:PSN) experienced a significant decline of 21.29% week-on-week due to losing a $1 billion air traffic control system contract to Peraton [1] - The Federal Aviation Administration (FAA) awarded a $12.5 billion contract to Peraton for overseeing and overhauling the US air traffic control system, citing Peraton's capabilities in integrating complex technology and collaborating with federal agencies [1] Company Response - Parsons Corporation acknowledged the air traffic control system as a critical priority for national air travel safety and security, emphasizing its long-standing support for the FAA [2] - The company expressed readiness to support the FAA on existing contracts and expand its role as an implementation partner [2] Market Reaction - Following the FAA's decision, investment firm Raymond James downgraded Parsons Corporation from strong buy to market perform, indicating a shift in investment sentiment [2] - The firm noted that while Parsons has potential, it believes that certain AI stocks may offer better returns with limited downside risk [2]

Core Points - Parsons Corporation has been selected by the Missouri Highways and Transportation Commission for the Interstate 70 Rocheport to Columbia Design-Build project, valued at $441 million [1][2] - The project aims to enhance a critical segment of I-70 by adding a third lane in each direction, modernizing infrastructure, and improving interchange operations to facilitate safer freight and passenger movement [2][3] - Construction is scheduled to commence in mid-2026 and is expected to be completed by December 2029 [2] Company Expertise - Parsons and Emery Sapp & Sons (ESS) have a strong track record with a combined portfolio of 69 design-build projects and 15 I-70 rehabilitation efforts completed or in progress over the last five years [3] - The team has extensive experience with Missouri Department of Transportation programs, including previous I-70 modernization projects, which positions them well to meet budget, schedule, and mobility objectives [3] Industry Impact - The project is part of Missouri's initiative to strengthen its transportation corridors, which is crucial for regional economic development and infrastructure reliability [3] - Parsons is recognized as a leading provider of disruptive technology in national security and global infrastructure markets, with capabilities spanning various sectors including transportation and critical infrastructure protection [4]