Comparing the current results to its competitors, Parsons reported Revenue decrease in the 1 quarter 2026 year on year by -4.06 %, despite the revenue increase by the most of its competitors of 6.55 %, recorded in the same quarter.
Parsons's Comment on Competition and Industry Peers
The company emphasizes its competitive strengths, including a proven track record, strong employee dedication, longstanding customer relationships, and a reputation for innovation and delivering mission outcomes. Its business model enables progression up the value chain to secure larger programs. Government contracts may grant agencies certain data rights to the company's intellectual property, which can be shared with other contractors, including competitors. The company may also hold rights to use intellectual property owned by third parties. The business operates under various regulations, including government procurement, anti-bribery, international trade, environmental, health, and safety regulations.
June 12, 2025
In an increasingly ambitious push to expand public transportation infrastructure, Parsons Corporation (NYSE: PSN) has recently celebrated the completion of a significant 9.1-mile light rail segment. This development, part of the broader Foothill Gold Line running through Southern California s San Gabriel Valley, highlights the company s commitment to urban mobility solutions. As of January 2025, the project was substantially completed, and it has officially transitioned to the Los Angeles County Metropolitan Transportation Authority (Metro) for final preparations ahead of passenger service, expected to commence later this year. Once operational, this segment will be integrated into the 48.5-mile Metro A Lin...
December 5, 2024
In a dynamic stride towards redefining the transportation landscape, Parsons Corporation has recently made significant advancements with a trio of notable initiatives. These projects not only highlight the company’s prowess in engineering and technological innovation but also underscore its commitment to enhancing transportation infrastructure and sustainability. 1. Leadership in the Newark AirTrain Replacement Program Parsons Corporation has been selected as the lead designer for the Newark AirTrain Replacement Program, a $1.18 billion endeavor spearheaded by the Tutor/OandG joint venture team. This appointment by the Port Authority of New York and New Jersey (PANYNJ) marks a pivotal milestone in the mode...
November 13, 2024
In a strategic move that highlights the burgeoning infrastructure needs of the Memphis region, Parsons Corporation has recently been awarded the contract to serve as the lead designer for the ambitious Americas River Crossing project, facilitated by the Tennessee Department of Transportation (TDOT). This pivotal initiative not only underscores Parsons commitment to enhancing transportation connectivity but also positions the company as a progressive player in the long-span bridge design market. On the financial front, Parsons has showcased notable resilience despite a competitive landscape that has proven to be increasingly challenging. In the third quarter of 2024, the company reported a robust revenue inc...
October 16, 2024
Parsons Corporation Secures $25 Million Middle East Contracts Amid Divergent Financial MetricsParsons Corporation (NYSE:PSN), a leading global design and engineering firm headquartered in Chantilly, Virginia, announced on October 16, 2024, that it has been awarded two significant contracts totaling $25 million for transportation projects in the Middle East. This announcement marks yet another milestone in the company s growing portfolio within the region, with Parsons securing over $90 million in contracts from the same client over the past nine months. These contracts solidify Parsons presence in the Middle Eastern market and underscore its commitment to providing state-of-the-art design and engineering s...
August 22, 2024
Parsons Corporation Secures $46 Million Transportation Technology Contract Amid Improving Financial Performance CHANTILLY, Va. Parsons Corporation (NYSE: PSN) has solidified its position in the transportation technology sector by securing a significant contract worth nearly $46 million to oversee Operations Technology Maintenance Services for a key customer on the East Coast. This announcement, made on August 22, 2024, highlights Parsons commitment to providing advanced transportation solutions at a time when the demand for innovative and reliable transportation infrastructure is at an all-time high.The Transportation Technology landscape is rapidly evolving, driven by the need for enhanced efficiency and...
July 29, 2024
Parsons Corporation (NYSE: PSN), a leader in the infrastructure and engineering space, has recently been selected for two significant projects that underscore its commitment to enhancing transportation systems and improving environmental quality. These projects the Inglewood Transit Connector (ITC) in California and the Newark Bay Bridge replacement in New Jersey highlight Parsons role as a pivotal player in public-private partnerships and urban development.On July 29, 2024, Parsons announced its selection as the lead designer and subconsultant for the ITC Project, which represents a collaborative effort by Elevate Inglewood Partners (EIP). This consortium, a public-private partnership, consists of prestigi...
July 26, 2024
Parsons-Vanir Joint Venture Awarded $30 Million Contract for Sacramento International Airport Improvements Parsons Corporation, in partnership with Vanir, has been awarded a significant construction management and inspection (CMI) contract by the Sacramento County Department of Airports. Announced on July 26, 2024, the joint venture, known as PVJV, will manage a five-year project valued at $30 million as part of the Sacramento International Airport s SMForward Program.This program is a critical component of the airport s larger $1.3 billion improvement initiative, which aims to modernize and expand airport facilities. Key aspects of the project include terminal gate expansions and various landside enhancemen...
June 24, 2024
Empowering Tomorrow: How Parsons Corporation and Technovation are Shaping Future Innovators CHANTILLY, Va. In a groundbreaking move aimed at transforming the landscape of STEM education, Parsons Corporation (NYSE: PSN) has announced an expanded partnership with Technovation, a global technology and STEM education nonprofit. The announcement, made on June 24, 2024, represents a significant stride in equipping young girls worldwide with the skills, knowledge, and confidence to become the next generation of innovative leaders and problem-solvers. Creating a Global Impact Technovation, an organization committed to providing STEM education to girls, is renowned for its global reach and impact. Their mission align...
June 18, 2024
Parsons and NITTEC Celebrate Bi-National Project Milestone with Launch of AllRoadsTechnology and transportation are converging at a rapid pace, shaping the future of how regions manage mobility. In June 2024, the Parsons Corporation (NYSE: PSN) and the Niagara International Transportation Technology Coalition (NITTEC) announced a significant milestone in this transformational journey the launch of AllRoads. This cutting-edge, technology-enabled integrated regional mobility management system is a pioneering initiative that promises to redefine transportation across the Buffalo-Niagara region in Western New York State and Southern Ontario. This project reflects a collaborative effort between various agencies ...
April 3, 2024
The NNSA s Office of Nuclear Smuggling Detection and Deterrence (NSDD) issued the indefinite-delivery/indefinite-quantity multiple award task order contract, which is slated to span a base performance period of three years, with two additional option periods of two years each. This is an unprecedented contract for Parsons Corporation, providing a viable pathway for its foray into global nuclear security enhancement efforts.Parsons Corporation, a longstanding partner to the Washington Metropolitan Area Transit Authority (WMATA), is steadily progressing its collaborative efforts in advancing the transportation infrastructure in the DC Metro area. The over-half-a-century collaboration is valued at $1 billion, r...
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Sources:
Parsons Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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