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...
Eric Ostfeld, a 15-year veteran of Parsons (NYSE: PSN), has joined Michael Baker International as president of design-build services. Ostfeld will serve on the executive committee of Michael Baker and be responsible for leading its pursuit of design-build projects, the Pittsburg-based infrastructure engineering and consulting company said Tuesday. T...
James Lackey, former senior vice president of operations for Parsons‘ (NYSE: PSN) integration and production division, has transitioned to a new role as SVP of the defense and intelligence mission solutions sector. He is responsible for overseeing a portfolio of integrated hardware and software offerings for ground station command and control, spa...
Parsons (NYSE: PSN) has raised full-year sales guidance to reflect improved organic performance for the 2022 second half and the company’s $388 million acquisition of Xator that closed May 31. The Centreville, Virginia-based company said in its second quarter earnings statement it now expects revenue in the $3.95 billion-$4.15 billio...
Parsons‘ (NYSE: PSN) government services unit has won a potential $104.2 million contract to provide planning, design and construction services to the Missile Defense Agency’s facility restoration and modernization programs. The company will help MDA build sustainable infrastructure systems, update aging or damaged military facilities and ma...
