Carey Smith: Parsons Eyes Potential Acquisitions in Cyber, Critical Infrastructure Protection Areas

Carey Smith, chairwoman, president and CEO of Parsons (NYSE: PSN), said the company has acquired eight companies in the past five years and adopted a deliberate strategy with a focus on “buying for technology differentiation,” Defense News reported Thursday.

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“Our focus largely to date has been on cyberspace and critical infrastructure protection. Going forward, you can expect to see us continue in those areas,” Smith, a 2022 Wash100 Award winner, told the publication in an interview.

“But I would add to that, potentially, an acquisition on the critical infrastructure side that would have a technology component,” she added.

Smith said she had three priorities when she assumed the role of CEO in July 2021 and one of those is gaining presence in high-growth markets.

“It would be, in federal, focused on cyberspace, missile defense, C5ISR; and now, with the addition of Xator, critical infrastructure protection,” she noted.

She also shared her views on the federal budget for fiscal year 2023 and the war in Ukraine.

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