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Tag Archives: Parsons

Report: HHS Taps More Than 50 Firms for AI, Automation IDIQ

Several technology services contractors and consulting firms have won spots on a potential five-year, $49M contract to provide the Department of Health and Human Services’ program support center with artificial intelligence and automation tools designed to facilitate operations, the Washington Business Journal reported Thursday. More than 50 awardees will vie …

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Former Engility Exec David Spille Named Parsons VP for Investor Relations

David Spille, former vice president of investor relations at Engility, has been appointed to the same position at Parsons (NYSE: PSN). Parsons said Monday Spille has more than two decades of investor relations experience, which includes eight years in the federal information technology services industry, and his professional background encompasses …

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Parsons Estimates Net Proceeds From IPO to Reach $463M

Parsons closed Friday its initial public offering three days after it started trading under the ticker symbol “PSN” on the New York Stock Exchange. The company said Friday it offered more than 18.5M shares of common stock at a price of $27 per share and expects net proceeds from the …

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Navy Picks Nine Firms for Cyber Space Technical, Professional Services Contracts

Nine companies have won potential seven-year contracts to provide technical, management and professional services in support of the U.S. Navy’s cyber space operations. The Naval Information Warfare Center Pacific received 18 offers for the indefinite-delivery/indefinite-quantity contracts, which cover support for interoperability of systems and capabilities at tactical, strategic and operational …

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Parsons Sets IPO Share Price at $26 to $28

Parsons (NYSE: PSN) is selling 18,518,500 shares of common stock at a target price of $26 to $28 per share through an initial public offering. The company said Monday it expects to grant underwriters a 30-day option to buy up to 2,777,775 additional shares. BofA Merrill Lynch, Morgan Stanley and …

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Four Companies Win Spots on Potential $82B Army LOGCAP V Contract Vehicle

The U.S. Army has selected four companies to compete for military logistics support task orders under a potential $82B contract vehicle over 10 years. Army Contracting Command received six bids for the Logistics Civil Augmentation Program V through an online-based solicitation process, the Department of Defense said Friday. LOGCAP V …

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Parsons Announces Submission of Registration Statement for Proposed IPO

Parsons has submitted to the Securities and Exchange Commission a registration statement for its planned initial public offering. The company said Friday it plans to trade on the New York Stock Exchange using the ticker symbol “PSN” and details about the price range and number of shares to be put …

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Parsons Files to Go Public

Parsons confidentially filed with the Securities and Exchange Commission a draft registration statement for its planned initial public offering. The company said Tuesday it has not yet determined the number of shares and price range for the proposed IPO, which is set to kick off once SEC concludes its evaluation process. …

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Parsons Files Plan for IPO

Parsons filed with the Securities and Exchange Commission for an initial public offering to raise approximately $500M, Reuters reported Friday. The IPO could be available in April or May with the value of the construction and engineering services estimated at $3B, according to the report. Bank of America, Goldman Sachs …

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