Core Points - The PlayStation Network (PSN) has been experiencing significant outages for nearly 24 hours, with users reporting ongoing issues and service interruptions [1][2] - Sony has provided minimal communication regarding the outage, leading to frustration among users who are demanding compensation for lost access [2][3] - The lack of updates from Sony has been criticized, as it downplays the severity of the situation and fails to reassure users about the status of their accounts [3][6] Communication Issues - Sony's communication during the outage has been inadequate, with only a single tweet acknowledging the problem without providing any details or timelines for resolution [3][4] - The company's failure to address the situation has led to negative reactions from the gaming community, particularly when they continue to promote unrelated products during the outage [5][6] - The absence of information raises concerns about potential security breaches, as users are left uncertain about the safety of their personal data linked to PSN [8] Service Impact - The ongoing PSN outage affects not only online gaming but also access to single-player games that require PSN to function, which has been a point of contention among gamers [8] - Despite the issues, some events like the free beta for Monster Hunter Wild and a 2XP weekend for Call of Duty: Black Ops 6 are still ongoing, highlighting a disconnect between service availability and promotional activities [7] - While there are indications that PSN services are slowly coming back online, the timeline for full restoration remains unclear [9]

CHANTILLY, Va., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has acquired TRS Group, Inc. (TRS), an environmental solutions firm that specializes in remediation technology, in an all-cash transaction valued at $36 million. This transaction benefits both Parsons' Federal Solutions and Critical Infrastructure segments. Formed in 2000, TRS is an industry leader in per and polyfluoroalkyl substances (PFAS), thermal, and holistic environmental remediation, having clean ...

The company has delivered more than 500 cyber kits in totalCOLUMBIA, Md., Jan. 27, 2025 /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE: PSN), and trusted partner in providing powerful edge computing hardware and cybersecurity solutions to protect U.S. national security and private enterprises, has successfully delivered more than 500 Cyber-Fly-Away kits to U.S. defense and intelligence customers, including record production numbers during its fiscal fourth quarter, e ...

CHANTILLY, Va., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a contract for a one-year option period on a confidential program in January 2025. This contract was noted as pending during the company’s third quarter 2024 earnings conference call. About Parsons Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and miss ...

Company Announcement - Parsons Corporation has entered into a Cooperative Research and Development Agreement (CRADA) with the U.S. Army C5ISR Center to support Project Linchpin, the Army's AI/ML Program [1] - The CRADA will focus on examining datasets, models, and deployment scenarios to determine optimal metrics, specifications, and governance for AI/ML operational use cases [2] - Parsons will collaborate with C5ISR and Project Linchpin to research deployment and model monitoring standards, aiming to streamline ML operations across the Army community [2] Project Linchpin Overview - Project Linchpin is led by the Army's Program Executive Office for Intelligence, Electronic Warfare, and Sensors (PEO IEW&S) and aims to deliver trusted AI capabilities across the Army enterprise [3] - The project leverages an AIOps+ ecosystem, focusing on partnerships, innovative acquisition processes, standardization, security, and regulatory compliance to ensure effective AI integration [3] Parsons' Expertise and Role - Parsons has decades of experience in integrating emergent technologies into Army and DoD systems, covering R&D, prototyping, integration, test-and-evaluation, and mission-critical deployments [4] - The company is recognized as a leading provider of AI integration and operational hardening in the national security sector, with a history of AI/ML implementation in warfighting functions, including Project Maven [3] Strategic Impact - The CRADA enhances Parsons' portfolio in the Department of Defense AI/ML community and directly supports the Army's Modernization Strategy [3] - Parsons' involvement in Project Linchpin aligns with its capabilities in cyber and intelligence, space and missile defense, and critical infrastructure protection [5]

Parson Corporation’s (NYSE: PSN ) financial performance and its stock price performance have been great in the past few years. Over the last 3 years, PSN's stock price and EBITDA have grown ~42% and 35% CAGR, respectively. While the stock price momentum has fadedI am a value focused investor, conducting fundamental research on sectors like but not limited to chemicals, homebuilders, building materials, industrials and metals & mining. I prefer to invest in stocks which are cheaply available and have a catal ...

CHANTILLY, Va., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has initiated a task order extension supporting the San Diego Pure Water program. This task order is a component of the eight-year, $110 million contract the Parsons-led joint venture with Black & Veatch was awarded in 2018 to provide comprehensive construction management services for treatment plants and associated facilities integral to the Pure Water Program. The San Diego Pure Water Program is a piv ...

CHANTILLY, Va., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will release fourth quarter and fiscal year 2024 financial results before the markets open on Wednesday, February 19, 2025. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and strategic corporate initiatives. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). T ...

COLUMBIA, Md., Jan. 6, 2025 /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE: PSN), and trusted partner in providing powerful edge computing hardware and full-spectrum cybersecurity solutions announces the addition of Brad Hatcher in the company's newly created role of Chief Product Officer (CPO). In his new role, Brad will continue to strengthen and streamline SealingTech's hardware production and software development processes to effectively meet rapidly evolving cy ...

CHANTILLY, Va., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that a team consisting of AECOM, Parsons, STV, Turner & Townsend, Ardmore Roderick, and CAS Consulting (LINC Austin) was selected by the Austin Transit Partnership as Delivery Partner for the $7 billion Austin Light Rail project. Under the initial four-year contract, LINC Austin will provide program and project management, construction management, and technical expert services during the planning, design, procu ...