CHANTILLY, Va., April 14, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a seat on a $1.5 billion indefinite-delivery, indefinite-quantity multiple award task order contract by the Air Force Civil Engineering Center (AFCEC) to provide architect-engineer services addressing environmental issues, including emerging contaminants such as per- and polyfluoroalkyl substances (PFAS). The contract includes a five-year base period and five one-year option period ...

Core Viewpoint - Parsons Corporation has been awarded a $24 million contract to support the Naval Medical Research Command in biological defense research, focusing on the rapid detection of infectious diseases and enhancing global disease surveillance [1][2]. Group 1: Contract Details - The contract includes a one-year base period and four one-year option periods, totaling $24 million [1]. - Parsons will continue its support for the Biological Defense Research Directorate, facilitating biological research critical to the Department of Defense [2]. Group 2: Company Expertise - Parsons has been involved in this work since 2018, providing experts in various fields such as molecular biology, immunology, and outbreak response [3]. - The company offers a comprehensive range of biodefense services, including risk assessments, biological threat detection, and incident response [3]. Group 3: Company Profile - Parsons is recognized as a leading provider of disruptive technology in national security and global infrastructure, with capabilities spanning cyber and intelligence, space defense, and environmental remediation [5].

Core Viewpoint - Parsons Corporation is set to release its first quarter 2025 financial results on April 30, 2025, and will host a conference call to discuss these results and corporate strategies [1]. Group 1: Financial Results Announcement - The company will announce its first quarter 2025 financial results before the market opens on April 30, 2025 [1]. - A conference call is scheduled for 8:00 a.m. Eastern Time on the same day to discuss earnings and strategic initiatives [1]. Group 2: Access to Information - Access to the live conference call can be obtained through the Investor Relations section of the company's website [2]. - A replay of the conference call will be available on the website approximately two hours after the call and will remain accessible for one year [2]. Group 3: Company Overview - Parsons Corporation is recognized as a leading disruptive technology provider in national security and global infrastructure markets [3]. - The company has capabilities in various sectors including cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection [3].

Core Insights - Parsons Corporation has been selected by Tucson Airport Authority to conduct a PFAS facility investigation at Tucson International Airport, focusing on source area delineation, offsite source differentiation, and remedy feasibility assessment related to PFAS-containing aqueous film forming foam [1][2] - The company emphasizes its expertise in guiding both military and civilian airports through PFAS assessment and remediation processes, highlighting its commitment to environmental and public health [2][3] Company Capabilities - Parsons is recognized as a global leader in addressing PFAS issues, with a specialized team in hydrogeology, human health, ecological risk assessment, and remediation [3][4] - The company has completed over 2,000 PFAS investigations and has designed and installed more than 7,000 PFAS point of entry treatment systems, showcasing its extensive experience in the field [4] Recent Developments - Parsons has recently acquired TRS Group, enhancing its capabilities in thermal remediation technologies specifically for PFAS in soil and firefighting foam [5] - The company continues to invest in technologies and capabilities to address PFAS challenges more effectively and efficiently [5]

Core Viewpoint - Parsons Corporation has increased its stock repurchase authorization to $250 million, reflecting strong operating results and cash flow, while continuing to invest in growth opportunities [1][2]. Company Overview - Parsons Corporation is a leading provider of disruptive technology in national security and global infrastructure markets, with capabilities in cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection [3]. Financial Strategy - The increase in share repurchase authority demonstrates the board's confidence in the company's strategic plan and ability to deliver strong operating results and positive shareholder returns [2]. - The company emphasizes its commitment to speed and agility in meeting customer demands in the current operating environment [2]. Market Position - Parsons Corporation's integrated solutions and innovative experience position it well in the national security and global infrastructure sectors, which are critical in today's market [2].

Core Viewpoint - Parsons Corporation has increased its stock repurchase authorization to $250 million, reflecting strong operating results and cash flow, while continuing to invest in growth opportunities [1][2]. Company Overview - Parsons Corporation is a leading provider of disruptive technology in national security and global infrastructure markets, with capabilities in cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection [3]. Financial Strategy - The increase in share repurchase authority demonstrates the board's confidence in the company's strategic plan and ability to deliver strong operating results and positive shareholder returns [2]. - The company emphasizes its commitment to speed and agility in meeting customer demands in the current operating environment [2]. Market Conditions - The company acknowledges that share repurchases depend on various factors, including market conditions, economic circumstances, and the availability of investment opportunities [2].

Core Points - Parsons Corporation will present at the Bank of America Global Industrials Conference in London on March 18, 2025 [1] - The presentation will feature a fireside chat with Carey Smith, chair, president, and CEO, and Matt Ofilos, CFO [1] - The event will be available live via webcast and a replay will be accessible for 30 days on the company's investor relations website [2] Company Overview - Parsons Corporation is a leading disruptive technology provider in national security and global infrastructure markets [3] - The company has capabilities in various sectors including cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection [3]

Core Insights - Sealing Technologies (SealingTech) has been awarded a contract by the Department of Defense's Defense Innovation Unit to develop the Joint Cyber Hunt Kit prototype, highlighting its role in enhancing U.S. national security through innovative cyber operations solutions [1][2]. Group 1: Company Achievements - SealingTech has successfully delivered over 500 Cyber-Fly-Away Kits since 2018, showcasing its reliability and expertise in supporting critical national security and DoD missions [2][3]. - The company emphasizes innovation, system integration, scalability, and mission-focused performance to enhance capabilities and provide tactical advantages for military operations [3]. Group 2: Strategic Focus - SealingTech aims to advance defensive cyberspace operations by collaborating closely with the DoD to meet evolving mission needs, reflecting its commitment to rapid and agile innovation [2][3]. - The company leverages its extensive experience in cyberspace to deliver cutting-edge research, engineering, and integration services, positioning itself as a trusted partner for both federal government and private enterprises [4].

Core Insights - Parsons Corporation has been recognized as one of the 2025 World's Most Ethical Companies, marking the sixteenth consecutive year of this honor [1][2][3] - The recognition highlights Parsons' commitment to ethics, integrity, and core values, which are integral to its operational culture [3][4] - The company is one of only three honorees in the Engineering Services category among 136 recognized companies across 19 countries and 44 industries [2] Company Overview - Parsons 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 [7] - The company's ethics program emphasizes employee engagement and transparency, which are foundational to its business practices [3][4] Recognition Methodology - The assessment for the World's Most Ethical Companies is based on Ethisphere's proprietary Ethics Quotient®, requiring companies to provide over 240 proof points on ethical practices, governance, and social impact [5] - A panel of experts conducts qualitative analysis on the submitted data, ensuring a rigorous evaluation process [5]

Core Points - Parsons Corporation has been recognized as one of the 2025 World's Most Ethical Companies, marking the sixteenth consecutive year of this honor [1][2] - The recognition includes 136 honorees from 19 countries and 44 industries, with Parsons being one of only three companies in the Engineering Services category [2] Company Values and Ethics - The recognition reflects Parsons' commitment to ethics, integrity, and core values, which are integral to its operational culture over its 81-year history [3] - Employee engagement and transparency at executive and management levels are central to Parsons' ethics program, setting standards for suppliers and vendors [3][4] - The company's core values and integrity are cited as primary reasons for its consistent recognition by Ethisphere [4] Methodology of Recognition - The assessment for the World's Most Ethical Companies is based on Ethisphere's proprietary Ethics Quotient®, requiring over 240 proof points on various ethical practices [5] - A panel of experts conducts qualitative analysis on the data submitted by applicants, ensuring a robust evaluation process [5] Company Overview - Parsons 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 [7]