Parsons' Board Approves $250 Million Share Repurchase Authorization

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].