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.

Summary of Parsons (PSN) FY Conference Call - June 03, 2025 Company Overview - **Company**: Parsons Corporation (PSN) - **Industry**: Aerospace and Defense, Smart City Technologies Key Points and Arguments Financial Guidance and Contract Updates - Parsons updated its full-year guidance, removing a contract with the Department of State due to uncertainty, resulting in a zero financial reflection after June [3][4] - The company anticipates a **17% total growth** and **14% organic growth**, excluding the removed contract [5] - Federal segment growth is projected at **19% total** and **17% organic**, while critical infrastructure is expected to grow **15% total** and **11% organic** [5] Market Position and Backlog - Parsons has a **68% win rate** year-to-date through Q1, contributing to significant job wins [6] - The company has a backlog of **$9 billion**, with **69% funded**, and an additional **$12 billion** in awarded but not booked jobs [6] Margin Expansion - Parsons is expanding its margins by **30 basis points** this year, following a **50 basis points** expansion last year, with the most significant opportunities in the Critical Infrastructure segment [7] Growth Strategy - The growth strategy focuses on investing in software and integrated solutions to win larger contracts, with a pipeline exceeding **$50 billion** [8] - The company aims to be a digital transformation pioneer in critical infrastructure, leveraging cyber capabilities and technology [11] Federal and Infrastructure Opportunities - Parsons has longstanding contracts with the Federal Aviation Administration (FAA) and the Missile Defense Agency, with significant remaining scopes [14][15] - The company is involved in various infrastructure projects, including a **$1.2 billion** contract with the FAA and **$21 billion** for munitions modernization [17][18] Middle East Market Growth - The Middle East is experiencing a boom in infrastructure spending, with Saudi Arabia planning to spend **$1.3 trillion** by 2030 [52] - Parsons is involved in numerous projects across the region, including the Riyadh Metro and King Salmon International Airport, with expectations of **double-digit growth** [49][52] Cybersecurity and AI Initiatives - Parsons applies AI across various programs, enhancing capabilities in offensive cyber operations and infrastructure management [46][47] - The company has developed internal AI applications for cash forecasting and project win predictions, achieving **92% accuracy** [47] Future Outlook - The company anticipates a peak in infrastructure spending around **2028**, with ongoing opportunities from federal and state funding [32][42] - Parsons is positioned to leverage its capabilities in defense and security, particularly in the Middle East, where it has established contracts and partnerships [58][59] Additional Important Insights - The company has a **people-first culture**, with low employee retention rates and ongoing hiring to meet demand [30] - Parsons has a proven capital deployment strategy, with plans for **two to four M&A deals** this year [33] - The company emphasizes its non-consulting firm status, focusing on delivering engineering and integration services rather than traditional consulting [36][37]

Core Insights - Parsons Corporation has been selected as one of seven lead consultants by the City of Austin for the Rolling Capital Improvement Program and the Journey With AUS initiative, aimed at expanding and modernizing the Austin-Bergstrom International Airport [1][3] Group 1: Project Overview - The Journey With AUS program is a comprehensive initiative spanning five to seven years, focusing on modernizing and expanding the airport to meet regional demands [3] - Key components of the project include the expansion of the Barbara Jordan Terminal, new facilities, infrastructure improvements, enhanced parking and ground transportation, sustainability initiatives, technology upgrades, and commercial development [3] Group 2: Company Background - Parsons has over 60 years of experience in Texas and has managed infrastructure projects for over 450 airports across 40 countries, demonstrating its capability in delivering innovative solutions [3][4] - The company combines international expertise with regional strength, adhering to global agency standards set by the Federal Aviation Administration, the International Civil Aviation Organization, and the International Air Transport Association [4]

CHANTILLY, Va., May 30, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) chair, president, and chief executive officer, Carey Smith, will present at Baird’s 2025 Global Consumer, Technology & Services Conference on Wednesday, June 4, 2025, at approximately 2:35 p.m. Eastern Time. This presentation will be available live via webcast on the investor relations section of Parsons’ website (https://investors.parsons.com/). A replay of the webcast also will be available on the website for 30 days. About P ...

CHANTILLY, Va., May 29, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) proudly announced the official completion of the I-80/Gilman Street Interchange Improvement Project in Berkeley, California, celebrated during a ribbon-cutting ceremony held on April 28. Hosted by the Alameda County Transportation Commission and the California Department of Transportation, the event marked a significant milestone in delivering long-awaited mobility improvements to the East Bay. The achievement comes as Parsons ...

CHANTILLY, Va., May 28, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) chair, president, and chief executive officer, Carey Smith, will present at the William Blair 45th Annual Growth Stock Conference on Tuesday, June 3, 2025, at approximately 11:20 a.m. Central Time. This presentation will be available live via webcast on the investor relations section of Parsons’ website (https://investors.parsons.com/). A replay of the webcast also will be available on the website for 30 days. About Parsons Cor ...

Group 1 - Parsons Corporation (NYSE: PSN) has experienced a decline in share prices over the past six months, yet the company has sustained its net income and earnings growth, indicating a potential investment opportunity [1] - The stability in net income and earnings growth suggests that despite the share price drop, the underlying business fundamentals remain strong, which could attract investors looking for value [1] Group 2 - No relevant information regarding industry trends or broader market analysis is provided in the documents [2][3][4]