Parsons has acquired Chesapeake Technology International, a Bluestone Investment Partners portfolio company, for approximately $89 million as part of a push to expand its electromagnetic warfare and all-domain offerings for the U.S. defense market. Parsons said Tuesday the transaction aligns with its strategy of broadening its portfolio of critical ...
The Defense Threat Reduction Agency has awarded Parsons a $137 million task order for specialized cyber operations capabilities. Services that will be provided include cyber assessments and subject matter experts supporting cyber operations, development, analysis and research, Parsons said Thursday. The contract was awarded under the Assessment, Exe...
Executive Mosaic CEO Jim Garrettson has presented the 2025 Wash100 Award to Carey Smith, chair, president and CEO of Parsons. Garrettson, who founded the Wash100 Award in 2014, personally congratulated Smith for her seventh Wash100 win during a visit to Parsons’ office. Smith Leads Parsons Toward Growth The Wash100 Award is handed out annually...
The U.S. Army has awarded Parsons Government Services a firm-fixed-price contract valued at $169.4 million to design and construct a new facility for ammonium nitrate solution at the Holston Army Ammunition Plant in Tennessee. The Department of Defense said the award has an estimated completion date of May 31, 2029. Under the contrac...
Parsons reported record revenue of $1.6 billion during the first quarter of fiscal year 2025, reflecting a 1 percent year-over-year growth, and ended the quarter with a record total backlog of $9.1 billion with a book-to-bill ratio of 1.1x on net bookings of $1.8 billion. Q1 2025 Financial Highlights In an earnings release published Wednesday,...
Parsons reported record fourth-quarter revenue of $1.7 billion, reflecting a 16 percent year-over-year growth, and noted that its full-year revenue for fiscal year 2024 jumped 24 percent to $6.8 billion, up 22 percent on an organic basis. Financial Highlights In an earnings release published Wednesday, the Chantilly, Virginia-based defense and infra...
Parsons has acquired environmental contractor TRS Group. The $36 million all-cash acquisition is aimed at boosting Parsons’ federal solutions and critical infrastructure segments. TRS is known for its environmental remediation technology developed for cleaning hazardous and toxic substances from soil, groundwater and fire suppression systems, ...
Parsons and V2X have established a joint venture, called Polar Science Alliance, to pursue the National Science Foundation’s potential $8 billion Antarctic Science and Engineering Support Contract, or ASESC. What Is ASESC? ASESC is a single-award, indefinite-delivery/indefinite-quantity contract meant to provide scientific research support ser...
Executive Mosaic has selected Carey Smith, chair, CEO and president at Parsons, as chair of Leadership Group 1, part of its 4×24 Executive Leadership Series. The 4×24 Executive Leadership Program brings together senior industry leaders and government officials through a series of collaborative networking and dinner ev...
Parsons has acquired BCC Engineering for $230 million. The defense and intelligence technology provider based in Chantilly, Virginia, said Friday the all-cash transaction is aimed at strengthening its position as a leader in the infrastructure market and expanding its presence across the Southeastern United States. The companies initiated the ...
