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...
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...
