By Ross Wilkers
Mar 12, 2021
When Parsons Corp. undertook its initial public offering two years ago, the company showed more of its hand on both the growth strategy and continued evolution of the business.
That has meant walking away from some contracts Parsons calls “low margin, high pass-through” in a push to trade those sources of revenue for others at the higher end markets the seven-decade-old company wants to be a bigger player in.
“Cyber, space, C5ISR and connected communities are the markets that we see transforming through the use of artificial intelligence and machine learning, digital transformation including cloud migration, and the IoT (Internet of Things), predominantly sensors,” CEO Chuck Harrington said in opening remarks during Parsons’ first-ever investor day on Thursday.