Parsons Corp. will acquire Blackhorse Solutions in a $203 million transaction to add more products and services in areas such as cybersecurity, digital operations and automation.
Midland City Council Favorably Discusses Entertainment and Cultural District Downtown
Last week in the Midland City Council meeting, members discussed the possibility of developing an entertainment and cultural district in downtown Midland.
According to the Midland Reporter-Telegram, creating a district for entertainment and culture would help the city s effort to revitalize the downtown area.
It would also attract tourists and stimulate economic development.
To be clear a cultural district are areas with a concentration of culture or art facilities, and an entertainment district would be where concert or movie venues would be the main attraction.
Development Services Director Chuck Harrington stated that a cultural district would be a bit more difficult to make because an application would need to be submitted to and approved by the state, but an entertainment district would only take a zone change from City Council.
By Ross Wilkers
May 05, 2021
A more thorough White House budget request for fiscal year 2022 is still in production, but the Biden administration s early blueprint is giving government contractors some clues as to where the priorities are.
Not to mention the prospects of a massive infrastructure bill becoming law later this year on top of the trillions in coronavirus relief already enacted.
Here is how three publicly-traded companies described that landscape to investors and their positioning in it during first quarter earnings calls Tuesday evening and Wednesday morning.
ManTech International
General themes from prior administrations are also carrying over to this new one even if the final funding numbers are not out yet, at least that is how ManTech sees it.
Parsons Reports First Quarter 2021 Results
Q1 2021 Financial Highlights
- Net income of $9 million and margin of 1.0%
- Adjusted EBITDA of $69 million and margin of 7.9%
- Book-to-bill ratio of 1.2x, driven by Critical Infrastructure book-to-bill ratio of 1.4x
- Total backlog increased 4.7% from the first quarter of 2020
Strategic Highlights
- Strong Q1 2021 with six contract wins over $100 million; great start to Q2 2021 with approximately $1 billion in contract wins in the quarter
- Strong Braxton performance and integration
- Recognized as a top employer by leading minority, women, and human rights organizations
- Updated executive compensation policy to tie a portion to core values including diversity, integrity, safety, and sustainability