Parsons has agreed to acquire Miami-based BCC Engineering for approximately $230 million in cash as part of efforts to enhance its infrastructure capabilities and expand its presence in the Southeastern U.S. Strengthening Infrastructure Capabilities Parsons said Monday the all-cash transaction is expected to be finalized in the next 30 days and alig...
Executive Mosaic’s GovCon Index finished 0.32% higher at $5,342.51 before the weekend and logged its first all-week performance following gains from Monday to Friday. While the 2.42% overall weekly gain was only the second-best on record, the index tracking the stock performances of 30 major government contractors extended its winning streak to ni...
Executive Mosaic’s GovCon Index fell 2.15% at the start of the week, then posted four straight daily gains, highlighted by the 1.74% jump Thursday. The index, which tracks the stock performances of 30 major government contractors, ended slightly higher at $5,216.43 Friday but registered a 0.03% week-on-week loss overall. Wall Street had a tumultuo...
Executive Mosaic’s GovCon Index extended its winning streak to four weeks despite significant drops to start August. On Friday, the index declined 0.89% to $5,218.19 but still gained 0.70% for the week following Wednesday’s hefty 1.35% gain. Moreover, GCI outperformed Wall Street’s top three indexes for the week. The blue-chip Do...
Parsons (NYSE: PSN) posted a record revenue of $1.7 billion during the second quarter of 2024, reflecting a year-over-year growth of 23 percent, and ended the quarter with a total backlog of $8.8 billion with a book-to-bill ratio of 0.9x on net bookings of $1.5 billion. The Centreville, Virginia-based defense and infrastructure engineering company s...
Parsons (NYSE: PSN) has agreed to buy BlackSignal Technologies for approximately $200 million to broaden its cybersecurity, artificial intelligence and electronic warfare capabilities and its client base across the Department of Defense and Intelligence Community. Chantilly, Virginia-based Parsons said Tuesday it expects the transaction to be comple...
Executive Mosaic’s GovCon Index ended the week slightly lower at $5,181.95 (-0.03%) after posting record closes on Monday, Tuesday and Thursday. Also, the index, which tracks the stock performances of 30 major government contractors, gained 2.53% week-on-week, the highest weekly gain since its launch in December 2023. The three major US stock inde...
Executive Mosaic’s GovCon Index was in the red in three of five trading sessions but still ended with a solid 1.43% week-on-week gain. The index, which tracks the stock performances of 30 major government contractors, recorded its largest single-day gain (2.04%) and highest close ($5,105.25) on Tuesday. It was Wall Street’s worst week since Apri...
Executive Mosaic’s GovCon Index recovered from its weak start in July. The index, which tracks the stock performances of 30 major government contractors, had substantial gains in three of five trading sessions, ending 0.58% higher to $4,982.68. Also, the 2.11% week-on-week advance was GCI’s second-strongest weekly gain in 2024. Wall Street had a...
Executive Mosaic’s GovCon Index did not have the best start in the third quarter of 2024. The index, which tracks the stock performances of 30 major government contractors, lost 1.31% week-on-week following significant losses on Monday and Friday. The $4,879.92 closing before the weekend reduced GCI’s year-to-date gain to 4.53%. Wall Street’s ...
