Parsons(NYSE) PSN

Parsons Corporation helps governments and cities build safer roads and stronger digital defenses. It creates advanced tools for space missions and national security. The company also designs systems that manage clean water and urban traffic.

Protecting Digital and Physical Spaces

• Federal Solutions: Delivers technology for defense and intelligence customers, including cyber warfare and space programs; revenue was $760.9 million in the three-month period ended June 30, 2026.
• Critical Infrastructure: Provides engineering and design for physical systems like bridges and water plants; revenue was $815.0 million in the three-month period ended June 30, 2026.

Growing Through Strategic Acquisitions

• Acquired Altamira Technologies Corporation on Jan. 14, 2026, to expand signals intelligence and space capabilities for the intelligence community.
• Purchased Applied Sciences Consulting on Oct. 1, 2025, to grow its water and stormwater business in Florida.
• Bought Chesapeake Technology International on June 30, 2025, to enhance mission-ready solutions for the Department of War.
• Acquired TRS Group on Jan. 31, 2025, to strengthen its environmental remediation technology business.

How Parsons Stays Competitive

Parsons manages a total backlog of $9.26 billion, which provides long-term visibility into future revenue. The company uses approximately 16,000 employees to solve complex technical challenges in both physical infrastructure and digital security.

Vital Signs and Financial Health

• Total revenue reached $1.58 billion for the three-month period ended June 30, 2026, down 0.5% year over year.
• Year-to-date contract awards were $3.93 billion for the six-month period ended June 30, 2026, up from $3.27 billion year over year.
• The company reported a net loss of $15.2 million for the three-month period ended June 30, 2026.
• The book-to-bill ratio, which measures new awards against revenue, reached 1.3 for the six-month period ended June 30, 2026.
• Federal Solutions backlog decreased due to reduced work on a confidential contract following a Department of State reorganization on May 29, 2025.

Evolution of a Technology Firm

Parsons has transitioned from a traditional engineering firm into a technology provider for high-stakes defense and infrastructure sectors. Its strategic focus on cybersecurity and essential physical systems allows it to address complex global security and urbanization challenges.