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 ...
Parsons (NYSE: PSN) has finalized its $200 million acquisition of BlackSignal Technologies as part of efforts to enhance its artificial intelligence, cybersecurity and electronic warfare capabilities and broaden its clients across the Department of Defense and Intelligence Community. Chantilly, Virginia-based Parsons said Friday BlackSignal will ope...
Parsons (NYSE: PSN) subsidiary Sealing Technologies has appointed industry executives Brandon Whalen and Hugh Clapp as CEO and chief operating officer, respectively. Whalen most recently served as SealingTech’s mission director of security enhanced information sharing and Clapp was mission director of defensive cyber operations at the Parsons subs...
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...
Carey Smith, CEO and President of Parsons, is a six-time winner of the Wash100 Award, the most prestigious honor in government contracting. Jim Garrettson, CEO of Executive Mosaic and founder of the award, celebrated Smith’s sixth win (and fourth consecutive) by hand-delivering the prize to her at Parsons’ Chantilly, Virginia...
Shane Sims, an experienced defense and aerospace acquisition professional, was appointed vice president of business development for national operations at Parsons (NYSE: PSN), according to his LinkedIn post. He previously served as Army account executive on the defense and intelligence team at the Chantilly, Virginia-based information technology pro...
