Parsons is going through a period of accelerated, unprecedented growth. After a first quarter that exceeded financial expectations, Parsons has raised its prediction for full-year 2023 revenue to $4.6 billion. Executive Mosaic spoke with Parsons Chairwoman, President and CEO Carey Smith, a five-time Wash100 Award winner, to lear...
Parsons (NYSE: PSN) has appointed government and industry veterans Andrew Weber and Richard Varos to its strategic advisory boards focused on federal solutions and critical infrastructure, respectively. Weber brings to the federal solutions advisory board three decades of government service, including a five-year stint as assistant secretary of defe...
Parsons has secured a $55 million contract from Space Systems Command to help operate and integrate satellites for missile warning, tracking and defense. The contractor will perform integrated ground and operations services in support of the first increment of SSC’s medium Earth orbit satellite constellation for tracking missile threats, the U...
Alicia Calef, a two-decade veteran of Raytheon Technologies (NYSE: RTX), has joined Parsons (NYSE: PSN) to serve as senior vice president of operations for engineered systems. In a LinkedIn post, Calef said she will work with the business president and sector leaders to advance growth initiatives. She will lead strategic and tactical operations to m...
Parsons (NYSE: PSN) posted $1.2 billion in fiscal year 2023 first quarter revenue, 24 percent higher than sales reported during the same period last year. Contract award activity and the 2022 acquisition of Xator drove the growth in quarterly sales, according to the company’s financial report published Wednesday. Xator contributed $112 million...
Parsons (NYSE: PSN) has completed its $43 million acquisition of utility security software provider IPKeys Power Partners in a push to advance the delivery of grid modernization and cyber resiliency offerings for the critical infrastructure sector. Parsons said Friday the purchase aligns with the company’s strategy of acquiring businesses with...
Xator, a subsidiary of Parsons (NYSE: PSN), will provide logistics support services to the U.S. government’s humanitarian assistance mission under a $750 million contract from the State Department. The three-year, single-award contract includes medical, transportation and identity-related work for aid delivery operations, Parsons said Wednesda...
Parsons (NYSE: PSN) recently disclosed its subsidiary Xator won a potential three-year, $750 million contract to support an unnamed “sensitive client.” Parsons said the single-award contract, which represents new work for the company, consists of a one-year base period worth $250 million and a pair of one-year contract options valued at...
Parsons (NYSE: PSN) will continue to support the Federal Aviation Administration’s system modernization efforts under the follow-on Technical Support Services Contract worth potentially $1.8 billion over 10 years. The TSSC 5 award supports the agency’s Aviation System Capital Investment Plan covering programs and activities involved in t...
Carey Smith, chairwoman, president and CEO of Parsons, has been featured in Executive Mosaic’s Wash100 list for 2023 for her continued efforts to grow the company through organic and merger-and-acquisition opportunities. Smith has been chosen five times as a Wash100 winner over the 10-year history of the award. The annual list represents a cr...
