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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
Jetoptera VTOL aircraft design features bladeless fans on steroids
Jetoptera VTOL aircraft design.
Jetoptera says its fluidic propulsion system offers some unique opportunities for vectored thrust VTOL aircraft, among others
Jetoptera 1/14
Jetoptera says its fluidic propulsion system offers some unique opportunities for vectored thrust VTOL aircraft, among others
Jetoptera 2/14
The ability to move to a box wing makes for an exceptionally small footprint on a helipad, albeit at the expense of some roll stability
Jetoptera 3/14
At high speeds, the front propulsion pods can be stowed to reduce drag as well as unnecessary lift over the front canard wings
Jetoptera 4/14
Jetoptera doesn t plan to get into the flying car business; the J-2000 is mainly conceived as a tech demonstrator
By JOHN COX | The Bakersfield Californian | Published: May 2, 2021 (Tribune News Service) New attention is being focused on what some see as Kern County s undertapped potential for turning eastern Kern military research into commercial enterprises generating good, local civilian jobs. A recent market assessment by the county s B3K economic development collaboration suggested more can and should be done to promote technology transfer of government-sponsored innovations at China Lake Naval Air Weapons Station and Edwards Air Force Base. The question now is how to capitalize more efficiently on the diverse research that takes place at the two bases but which, for different reasons, often doesn t translate to winning advantage for local business startups.
North Dakota s Grand Farm sounds off in US Senate hearing
The director of the Grand Farm research and ag innovation project in the Fargo, N.D., and Minnesota area testifies about potential federal partnerships in an April 29, 2021, U.S. Senate Appropriations subcommittee hearing in Washington, D.C. Among other things, the organization is working on meeting labor shortages in the sugarbeet industry by researching autonomous truck concepts. 2:52 pm, Apr. 30, 2021 ×
An artist s rendering of buildings associated with the Grand Farm autonomous farming initiative depicts how it might look in three to five years, about 10 miles south of Fargo, N.D. Image courtesy of Emerging Prairie.