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 ...
Parsons, a technology-focused firm and federal government contractor, reported record revenues, earnings and other milestones in the third quarter of 2024. In a statement released Wednesday, Carey Smith, chair, president and CEO of Parsons, said, “We delivered record third-quarter results for total revenue, organic revenue growth, net income, ...
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...
Parsons has secured a spot on the U.S. Army Corps of Engineers’ potential five-year, $225 million multiple-award contract for environmental remediation activities. In a press release on Thursday, Parsons said it will compete for task orders to support USACE Northwestern Division and the Environmental Protection Agency Region 2 in conducting wetlan...
James Johnson, former CACI International (NYSE: CACI) executive, has joined Parsons as senior vice president for systems engineering and analysis, according to his LinkedIn announcement Tuesday. He will be responsible for managing day-to-day operations for Parsons’ engineering services business and overseeing delivery, execution and staffing w...
Bechtel Parsons Blue Grass, a joint venture between Bechtel National and Parsons Government Services, will now move to the closure phase of the Blue Grass Chemical-Agent Destruction Pilot Plant. The Department of Defense said Wednesday the multi-year effort is under a $481.9 million contract modification recently awarded by the U.S. Army. The joint ...
