Parsons (NYSE: PSN) will provide the U.S. Army with a new explosive decomposition chamber facility under a $164 million contract from the Army Corps of Engineers Norfolk District. Under the four-year contract, the government-owned, contractor-operated Holston Army Ammunition Plant in Kingsport, Tennessee, will replace its open-burning process of tre...
Parsons (NYSE: PSN) has booked a potential five-year, $94 million contract to help the U.S. Cyber Command develop command, control, communications and computer systems. The cost-plus-fixed-fee award covers capabilities development support to CYBERCOM’s J6 C4 Systems and Chief Information Officer Directorate, Parsons said Tuesday. CYBERCOM prev...
Parsons (NYSE: PSN) has agreed to acquire IPKeys Power Partners for approximately $43 million as part of efforts to expand its intellectual property portfolio and footprint in grid modernization and cyber resiliency markets. IPKeys is a Tinton Falls, New Jersey-based company founded in 2014 and provides enterprise software platforms designed to deli...
SeKON Enterprise has elevated Jerry Parsons from senior vice president of strategic operations to chief strategy officer. The four-decade information technology industry veteran will be responsible for driving SeKON’s collaboration with partners and clients to advance corporate vision and growth, the management and technology consulting ...
Parsons (NYSE: PSN) saw its fourth-quarter revenue for fiscal year 2022 rise 16 percent to $1.1 billion and reported full-year sales of $4.2 billion, reflecting a total growth of 15 percent and organic growth of 9 percent. The Centreville, Virginia-based contractor said Wednesday Q4 2022 net bookings reached $1.1 billion with a book-to-bill ratio of...
James Lackey spent three decades serving as a civilian in the Department of Defense in various capacities. He began as a flight test engineer at Naval Air Systems Command in Patuxent River, Maryland, where he quickly ascended to a department management position. After this, Lackey was promoted to the Pentagon as a senior executive working...
Rich Aves, executive vice president of business development for the defense and intelligence sector at Parsons, was featured in a recent Executive Spotlight interview published Friday. He talked about how can artificial intelligence be used to address some of the biggest challenges in defense and intelligence sectors; and Parsons’ recent growt...
Parsons (NYSE: PSN) will perform feasibility studies and remedial investigations of per- and polyfluoroalkyl substances at Army National Guard facilities under a $28 million task order awarded by the U.S. Army Corps of Engineers through the Environmental Requirements Acquisition contract. The company said Monday it will look into the nature of PFAS ...
Parsons (NYSE: PSN) saw its third quarter revenue for fiscal year 2022 jump 19 percent to $1.13 billion and attributed the sales growth to ramp-up of contract work and increased hiring activity. The Centreville, Virginia-based contractor said Wednesday it posted $1.3 billion in Q3 2022 net bookings with a book-to-bill ratio of 1.1x and ended...
An industry team led by Parsons (NYSE: PSN) has received a potential five-year, $160 million blanket purchase agreement to continue delivering enterprise construction management services to the Department of Energy and the National Nuclear Security Administration. Augur Consulting, JGMS Government Services, Crawford Consulting Services and Longeneck...
