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Parsons Wins $185 Million Space Situational Awareness Task Order Contract
CENTREVILLE, Va., May 17, 2021 (GLOBE NEWSWIRE) Parsons Corporation (NYSE: PSN) has been awarded a task order contract by the Space and Missile Systems Center Special Programs Directorate (SMC/SPG) for Integrated Solutions for Situational Awareness (ISSA) support, potentially worth up to $185 million. The cost-plus-fixed-fee (CPFF) contract has a one-year base period with four one-year options. It will provide SMC/SPG and its strategic partners with highly specialized services in IT engineering, space domain expertise, software development, scientific analysis, and data analytics to develop, maintain, sustain, and enhance the ISSA system.
“We are proud to support SMC in their mission to deliver resilient and affordable space capabilities by continuing to provide our specialized operational and technical expertise for ISSA,” said Rich Aves, executive vice president, Parsons’ space and geospatial busine
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
/PRNewswire/ Parsons Corporation (NYSE: PSN) announced today the release of its 2021 corporate social responsibility (CSR) report. The report highlights key.
Parsons Announces CEO Transition
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CENTREVILLE, Va., April 20, 2021 /PRNewswire/ The board of directors of Parsons Corporation (NYSE: PSN) has elected Carey Smith as chief executive officer, effective July 1st, 2021. Smith succeeds Charles Chuck Harrington, who announced his retirement after nearly 40 years with the company. Harrington will continue to serve on the Parsons Board of Directors as executive chairman upon his retirement.
Carey Smith will succeed Chuck Harrington as the CEO of Parsons Corporation (NYSE: PSN). Leading and transforming Parsons into the technology company we are today has been one of the greatest honors of my life, and I know the company is in great hands, Harrington said. After nearly 40 years, I m proud of the company we ve built, humbled by the amazing people I ve had the pleasure of working with, and pleased that the accomplishments we ve achieved will deliver a better world.