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 ...

Core Viewpoint - Parsons Corporation (PSN) has shown a stock price increase of 49.2% over the past year, which is lower than the industry average of 54.6% but higher than the S&P 500's growth of 29.1% [1] Group 1: Stock Performance - PSN's stock performance is better than its peers, Cardlytics, Inc. (CDLX) which declined by 58.7%, and GigaCloud Technology Inc. (GCT) which saw a marginal increase [1] - As of the last trading session, PSN stock closed at $98.3, which is 22.7% lower than its 52-week high of $114.7 [10] Group 2: Acquisitions and Market Expansion - The acquisition of BlackSignal enhances PSN's customer base in the Department of Defense and Intelligence community, strengthening its capabilities in offensive Cyber operations and electronic warfare [3] - PSN has entered into a definitive agreement to acquire BCC Engineering for $230 million, which will bolster its infrastructure leadership and expand its reach in the Southeastern U.S. [12] Group 3: Financial Performance and Guidance - PSN has consistently raised its 2024 revenue guidance over the past three quarters, with the latest projection being $6.6-$6.8 billion, up from earlier estimates [5] - The consensus estimate for PSN's 2024 earnings is $3.4 per share, indicating a 40.7% increase from the previous year [18] - The Zacks Consensus Estimate for 2024 revenues is $6.8 billion, reflecting a 24.2% growth from the prior year [20] Group 4: Valuation Metrics - PSN's stock is currently priced at 26 times forward 12-month earnings per share, which is lower than the industry average of 41.6 times [6] - The trailing 12-month EV-to-EBITDA ratio for PSN is 15.4 times, significantly below the industry's average of 88.5 times [7] Group 5: Returns and Investor Sentiment - PSN's trailing 12-month return on equity (ROE) is 12.7%, surpassing the industry's average of 3.4% [17] - The company's inclination towards acquisitions that expand its customer base while maintaining a strong balance sheet is expected to drive revenue growth and improve margins [19]

CHANTILLY, Va., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded the LTC Hernan G. Pesquera Army Reserve Center Microgrid contract by the United States Army Corps of Engineers (USACE) Louisville District. The $20 million contract, including base plus options, to enhance energy resilience and sustainability for the Pesquera Army Reserve Center in Puerto Rico consists of a 610-day period of performance and is new work for the company. Under this co ...

Milestone Event Combines Autonomous Systems and Threat Emulation CapabilitiesCHANTILLY, Va., Dec. 16, 2024 (GLOBE NEWSWIRE) -- In a groundbreaking initiative to enhance U.S. Air Force training operations, Parsons Corporation (NYSE: PSN), in collaboration with the University of Southern Mississippi, the Mississippi Air National Guard, and SeaTrac Systems, has integrated the company’s Threat Representative Environment (TReX) emulator onto a remotely operated SeaTrac Unmanned Surface Vehicle (USV) during marit ...

CHANTILLY, Va. , Dec. 11, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that California Department of Transportation (Caltrans) has selected the company to perform professional and technical services. This $23 million contract will provide “as needed” engineering and inspection services for structure construction projects in Caltrans Districts 1, 2, and 3-North. “Parsons has worked with the Caltrans for decades to improve California’s transportation system and provide greater mobi ...