Parsons's Corporate Customers have recorded an advance in their cost of revenue by 8.56 % in the 1 quarter 2026 year on year, sequentially costs of revenue grew by 7.9 %. During the corresponding time, Parsons Corporation saw a revenue deteriorated by -4.06 % year on year, sequentially revenue fell by -7.02 %. While revenue at the Parsons Corporation's corporate clients recorded rose by 12.29 % year on year, sequentially revenue grew by 10.64 %.
Parsons's Customers have recorded an advance in their cost of revenue by 8.56 % in the 1 quarter 2026 year on year, sequentially costs of revenue grew by 7.9 %, for the same period Parsons Corporation revnue deteriorated by -4.06 % year on year, sequentially revenue fell by -7.02 %.
Parsons's Comment on Sales, Marketing and Customers
Parsons serves customers across six key markets: cyber and electronic warfare, space and missile defense, critical infrastructure protection, transportation, water and environment, and urban development. Its customer base includes U.S. federal government departments and agencies, the U.S. military, state and local governments, and international clients. The company operates through two segments: Federal Solutions and Critical Infrastructure. The Federal Solutions segment primarily serves the U.S. government and its agencies, including the Intelligence Community and the Departments of War, Energy, Labor, State, Homeland Security, and Commerce. It provides advanced technology solutions for mission-critical projects such as cyber operations, integrated air and missile defense, intelligence, aviation modernization, electronic warfare, space ground systems, cislunar operations, assured position, navigation and timing (A-PNT), classified sensors, geospatial intelligence, signals intelligence, environmental remediation, border security and counter-drug efforts, critical infrastructure protection, counter unmanned air systems, biometrics, and bio surveillance.
Parsons Corporation Secures $56 Million Contract for Diriyah Project Amidst Volatile Market Performance In an ambitious move that underscores its strategic involvement in Saudi Arabia s cultural and economic transformation, Parsons Corporation has secured a lucrative contract valued at $56 million (SAR 210 million) for the design and construction supervision of the Diriyah project. Awarded by the Public Investment Fund (PIF)-backed Diriyah Company, this contract marks a significant milestone in the ongoing development of the Diriyah project, a cornerstone of Saudi Arabia s Vision 2030 initiative.Located in the historical heart of Saudi Arabia, the Diriyah project aims to transform Diriyah into a world-class ...
Harnessing Innovation: Parsons’ ZEUS System Revolutionizes Military and Civil Infrastructure In the realm of fast-evolving military technology and urban infrastructure, Parsons Corporation stands as a notable leader, consistently demonstrating innovative prowess and commitment to enhancing both defense capabilities and public transportation systems. The company s latest endeavors -- the unveiling of the ZEUS Directed Energy System on the next-generation Joint Light Tactical Vehicle (JLTV) platform, and their selection as the lead designer for the Newark AirTrain Replacement Program -- highlight Parsons strategic expansion into critical areas of national and civilian importance. Advanced Military Systems: ...
In a significant move that underscores Parsons Corporation’s (NYSE: PSN) rising prominence in infrastructure development, the company has announced its selection as part of the LINC Austin team for the $7 billion Austin Light Rail project. The consortium, comprising industry giants like AECOM, STV, Turner and Townsend, Ardmore Roderick, and CAS Consulting, has been chosen by the Austin Transit Partnership as the Delivery Partner for this ambitious venture. This partnership will harness Parsons expertise in program and project management, construction management, as well as technical services throughout the planning, design, procurement, construction, and post-construction phases.However, Parsons finds its...
Parsons Corporation: Transforming Infrastructure and Environmental Management with Innovative SolutionsIn today s world, the challenges facing infrastructure and environmental management are both complex and interlinked. As urban centers grow, the pressure on transportation networks, environmental sustainability, and public health intensifies. Parsons Corporation, a global leader in infrastructure, defense, and critical technology solutions, is at the forefront of addressing these challenges through innovation and expertise. Recently, the company s strides in PFAS groundwater treatment, intelligent transportation systems, and expansive infrastructure projects underscore its ability to blend advanced technol...
Parsons Corporation (NYSE: PSN), a global leader in infrastructure and technology solutions, has secured a pivotal position under a $4 billion indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC) with the Defense Threat Reduction Agency (DTRA). This auspicious award emphasizes Parsons commitment to advancing Countering Weapons of Mass Destruction (CWMD) s, heralding a significant expansion into new operational domains for the company. Encompassing a five-year base period with an additional five-year option, the contract fortifies Parsons strategic foothold in defense services, promising substantial business growth. Concurrently, Parsons Corporation s recent fiscal perf...
In a series of pivotal announcements, Parsons Corporation (NYSE: PSN) is solidifying its position as a key player in the infrastructure sector, particularly in transportation and water management. With an impressive set of contracts spanning various projects including the Honolulu Rail Project, Sacramento International Airport enhancements, and a new drainage tunnel in Manchester, Parsons is making strides in modernizing and improving essential public services. Honolulu Rail Project: A $1.66B CommitmentRecently, Parsons was awarded a significant lead design contract for the Honolulu Rail Project, valued at a staggering $1.66 billion. Partnering as a subcontractor under the umbrella of Tutor Perini, Parsons i...
CHANTILLY, Va. July 25, 2024 In a significant development that promises to enhance connectivity and economic growth in the region, Parsons Corporation (NYSE: PSN) has been awarded an expanded contract by the Indiana Department of Transportation (INDOT) for the critical I-69 Ohio River Crossing (ORX) project. This five-year contract, valued at $26 million, marks a pivotal phase in the ongoing efforts to improve transportation infrastructure in Indiana, particularly as it pertains to the essential Section 3 of the I-69 ORX, which runs from Veterans Memorial Parkway to the Indiana state line near the Ohio River.The importance of this project cannot be overstated. The I-69 Ohio River Crossing is not merely ...
CHANTILLY, Va., July 24, 2024 In a world that increasingly relies on seamless execution and security for large-scale events, Parsons Corporation (NYSE: PSN) emerges as an industry leader poised to revolutionize infrastructure deployment. With a robust portfolio spanning infrastructure, defense, security, transportation, and engineering, Parsons stands ready to meet the escalating demand for sophisticated infrastructure solutions required for international events.The company s announcement comes at the perfect time, aligned with North America s preparations to host monumental global gatherings such as the 2026 FIFA World Cup and the 2028 Olympics. These events highlight the importance of having reliable and ...
Federal Way Link Extension Project Receives Envision Platinum Sustainability Award, Parsons Selected as System Integrator for NOAAs Traffic Coordination System, and Completes PFAS Investigation and Remediation ProjectCHILILLY, Va - Parsons Corporation (NYSE: PSN), a renowned global technology provider, recently received recognition for two major accomplishments in the fields of sustainable transportation and environmental remediation. The company s Federal Way Link Extension (FWLE) project was honored with the prestigious Envision Platinum Award from the Institute for Sustainable Infrastructure (ISI). Additionally, Parsons was selected by NOAA (National Oceanic and Atmospheric Administration) as the system i...
Parsons Corporation Stands at the Forefront of Industry Innovation and Service Parsons Selected for LAWAs Capital Improvement Program MATOC CHANTILLY, Va., May 22, 2024 Parsons Corporation (NYSE: PSN) has unveiled yet another milestone in its illustrious portfolio of industrial accomplishments by announcing its selection as one of the 15 lead consultants for Los Angeles World Airports (LAWA). This strategic placement enables Parsons to undertake on-call, task order-based professional services within LAWAs comprehensive Capital Improvement Program. The Program Services Multiple Award Task Order Contract (MATOC) represents an impressive contracting value of nearly $1 billion over a span of five years, encom...
Parsons’s Comment on Sales, Marketing and Customers
Parsons serves customers across six key markets: cyber and electronic warfare, space and missile defense, critical infrastructure protection, transportation, water and environment, and urban development. Its customer base includes U.S. federal government departments and agencies, the U.S. military, state and local governments, and international clients. The company operates through two segments: Federal Solutions and Critical Infrastructure. The Federal Solutions segment primarily serves the U.S. government and its agencies, including the Intelligence Community and the Departments of War, Energy, Labor, State, Homeland Security, and Commerce. It provides advanced technology solutions for mission-critical projects such as cyber operations, integrated air and missile defense, intelligence, aviation modernization, electronic warfare, space ground systems, cislunar operations, assured position, navigation and timing (A-PNT), classified sensors, geospatial intelligence, signals intelligence, environmental remediation, border security and counter-drug efforts, critical infrastructure protection, counter unmanned air systems, biometrics, and bio surveillance.
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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