PARSONS CORP
Parsons provides technology, engineering and program management services, software and hardware products, and infrastructure solutions to U.S. government agencies, the U.S. military, state and local governments, international clients, and private sector infrastructure owners. It operates two segments: Federal Solutions, an advanced technology provider whose customers are substantially U.S. government entities, and Critical Infrastructure, which serves public and private customers around the world. Federal Solutions offers capabilities including cyber, intelligence, space systems, missile defense, electronic warfare, environmental remediation, aviation modernization and border security. Critical Infrastructure provides planning, design, engineering, program management and digital solutions for transportation, water and wastewater, environmental remediation and urban development projects. Parsons earns money by providing these services and delivering products and solutions through contracts and projects, including a commercial as-a-service model for spacecraft ground operations. Parsons is headquartered in Centreville, Virginia.
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See all $PSN insider activity →Parsons Corporation (NYSE:PSN) secured a $100 million contract amendment for environmental engineering services on the U.S. west coast, expanding an existing contract. The work includes sampling, waste characterization, and remediation. The client and project locations were not disclosed. The contract's ceiling value is $100 million, with actual revenue depending on task orders.
Citigroup raised its price target for Parsons to $63 from $53, maintaining a Buy rating. This implies a 22.4% upside from the Nov 9 close of $51.49, according to the bank.
Parsons Corporation (PSN) secured a $63M, four-year task order from the National Air & Space Intelligence Center. The contract is a post-acquisition win for Altamira, acquired in January 2026. No prior-period comparison was provided.
Over the past 7 days, AlphAI's AI scored 5 news stories mentioning PSN (PARSONS CORP). Coverage has skewed bullish: 5 bullish, 0 neutral, and 0 bearish.
Recent PSN coverage spans financial news, earnings and corporate actions.
The new contract adds significant upside to Parsons' revenue pipeline, likely boosting the stock.
Analyst upgrade suggests potential upside for Parsons.
The contract adds new revenue potential and may lift the stock.
Guidance narrowing could pressure the stock despite strong EBITDA.
Guidance narrowing plus an unexpected CFO exit likely outweigh the earnings beat, keeping near-term sentiment pressured.
AlphAI scores every news story that mentions PSN with an AI model for sentiment and relevance, and aggregates insider trades from PARSONS CORP's SEC EDGAR Form 4 filings. Figures refresh continuously.
Parsons Corporation (NYSE:PSN) secured a $100 million contract amendment for environmental engineering services on the U.S. west coast, expanding an existing contract. The work includes sampling, waste characterization, and remediation. The client and project locations were not disclosed. The contract's ceiling value is $100 million, with actual revenue depending on task orders.
Citigroup raised its price target for Parsons to $63 from $53, maintaining a Buy rating. This implies a 22.4% upside from the Nov 9 close of $51.49, according to the bank.
Parsons Corporation (PSN) secured a $63M, four-year task order from the National Air & Space Intelligence Center. The contract is a post-acquisition win for Altamira, acquired in January 2026. No prior-period comparison was provided.
Palantir's U.S. commercial revenue surpassed government revenue for the first time in Q3, while Booz Allen, CACI, and BigBear.ai reported larger backlogs and raised full-year targets. Parsons narrowed its guidance. Federal funding deadline is Dec. 11, with budget uncertainty lingering. Palantir reported $2.313B Q3 revenue, raising FY2026 guidance to $8.530B-$8.534B. Booz Allen's Q2 revenue was $2.8B, with raised EPS guidance. CACI's Q1 revenue was $2.5B, with raised FY2027 revenue guidance.
Parsons (PSN) stock fell 5.1% in pre-market trading after Q3 2026 results beat earnings and revenue estimates, but guidance was narrowed and CFO Matt Ofilos announced his departure. Adjusted EPS was $0.89 vs. $0.78 estimate, revenue $1.7B vs. $1.62B estimate. The company's updated fiscal 2026 outlook and leadership transition contributed to the decline.
Parsons Corporation (PSN) announced CFO Matt Ofilos will resign on November 6 to pursue another opportunity. George Ball, former CFO, will serve as interim replacement. The company also reported Q3 2026 earnings and narrowed its fiscal year 2026 revenue and adjusted EBITDA guidance ranges.
PARSONS CORP (PSN) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Media Contact: Bernadette Miller +1 980.253.9781 bernadette.miller@parsons.com Investor Relations Contact: Dave Spille +1 703.775.6191 Dave.Spille@parsons.us Parsons Announces Chief Financial Officer Transition CHANTILLY, Va. (October 28, 2026) – Parsons Corporation (NYSE: PSN) t
PARSONS CORP (PSN) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Parsons* third quarter earnings press release Parsons Reports Third Quarter 2026 Results Q3 2026 Key Takeaways ▪ Revenue, profitability, and cash flow exceeded commitments, with adjusted EBITDA and margin reaching record levels ▪ Continued strong demand across both s
Parsons (PSN) reports Q3 earnings Wednesday. Last quarter, revenue was $1.58B, flat YoY, missing estimates. Full-year guidance also missed. Analysts expect flat YoY revenue this quarter. Peers RTX and CACI showed mixed results. PSN stock is up 20.1% in the last month, with an average price target of $58.36.
Parsons Corporation (PSN) received federal approval for its PFAS soil cleanup technology. The U.S. Department of War's programs approved its thermal conduction heating tech, allowing direct contracts with federal agencies. The tech removes PFAS from soil on-site, avoiding transport to disposal facilities. Parsons aims to support U.S. government-led cleanup efforts.
