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...
Roger Mason, a government and industry executive and a four-time Wash100 awardee, has joined Parsons (NYSE: PSN) as senior vice president. Parsons said Tuesday Mason will bring to the Chantilly, Virginia-based company his three decades of experience in the national security sector. “Roger’s extensive background, mission-focused approach, and tra...
Max Montague, formerly a senior director at Parsons, has been appointed vice president of defense and intelligence for cyber and national operations at the Virginia-based information technology provider, according to his LinkedIn announcement. Montague was elevated to the role after serving as a senior director at Parsons since 2022. He joined the c...
Parsons (NYSE: PSN) reported record revenue of $1.5 billion during the first quarter of 2024, reflecting a year-over-year increase of 31 percent, and a record Q1 organic revenue growth of 29 percent due to the continued ramp-up on contract awards and execution on the company’s backlog programs. The Centreville, Virginia-based defense and infra...
The Department of Energy’s National Nuclear Security Administration has awarded Parsons (NYSE: PSN) and SeaTech Global Security Solutions positions on a potential seven-year, $1 billion contract to support the deployment of counter nuclear smuggling systems. The vendors will perform design, construction, integration, communications, logistics, tra...
Parsons has reported that its fourth-quarter revenue in fiscal year 2023 increased 35 percent year-over-year to $1.5 billion and full-year revenue jumped 30 percent to $5.4 billion. The company attributed the Q4 revenue growth to organic growth of 34 percent and $20 million from acquisitions during the period, according to an earnings statement publ...
