Jon Moretta, industrial market leader for the critical infrastructure segment at Parsons (NYSE: PSN), has been promoted to serve as president of the company’s engineered systems unit. He will succeed the retiring Chris Alexander to lead a business organization that helps federal clients manage facilities and infrastructure assets, Parsons said...
Carey Smith, president and chief executive officer of Parsons and a three-time Wash100 Award recipient, was featured in the latest Executive Spotlight interview for ExecutiveBiz breaking down her transition into her first few months as Parsons’ CEO, her growth strategy as the company continues to make big acquisitions and secure major contracts an...
Parsons (NYSE: PSN) reported second quarter revenue of $879 million, a 10 percent decline from the same period in 2020 despite large contract wins for the April-June period. The Centreville, Virginia-based contractor attributed a 56 percent decline in operating income for the quarter to reserves taken on federal solutions and critical infrastructure...
Parsons‘ (NYSE: PSN) government services business has won a 10-year, $953 million contract to build, operate and maintain a layered base security system for U.S. Air Forces in Europe-Air Forces Africa. The company will employ air base air defense equipment at various U.S. military installations throughout the European and African continents, t...
Susan Balaguer, a more than 30-year human resources leader, has joined Parsons (NYSE: PSN) as chief HR officer. She will oversee talent acquisition, business unit partnership, employee engagement, talent mobility, compensation and benefits and other HR functions and will report to Carey Smith, president and CEO of Parsons and a 2021 Wash100 Award wi...
Parsons (NYSE: PSN) has expanded its portfolio of electronic warfare, military information and cyber products following the completion of a $203 million accretive deal to acquire BlackHorse Solutions. BlackHorse brings technologies designed to help defense and intelligence customers integrate EW, information and cyber operations, Parsons said Tuesda...
A joint venture between Parsons (NYSE: PSN) and Mobius will provide testing support to the Missile Defense Agency under a potential six-year, $566.67 million contract. Mobius Parsons Solutions beat out another proposer for the cost-plus-fixed-fee, level-of-effort contract via a competitive acquisition process on the SAM website, the Department of De...
Parsons (NYSE: PSN) has won a potential $2.24 billion contract from the Missile Defense Agency for engineering and technical support services. MDA received two offers for the cost-plus-fixed-fee contract through a competitive procurement process and will obligate $36.4 million in research, development, test and evaluation funds for fiscal year 2021,...
Parsons (NYSE: PSN) has agreed to acquire BlackHorse Solutions for approximately $203 million to broaden its client base and expand its digital, artificial intelligence, machine learning and cyber capabilities to support military, intelligence and space operations. Parsons said Thursday it expects the transaction to conclude in July and to be accret...
Parsons (NYSE: PSN) has won a potential $185 million contract to help the U.S. Space Force update a government-owned software suite that supports situational awareness efforts at the Department of Defense and other federal agencies. The Space and Missile Systems Center’s special programs directorate awarded the cost-plus-fixed-fee contract for...
