Parsons 2021 Investor Day to Highlight Growth Strategy and Innovative Solutions
News provided by
Share this article
Share this article
CENTREVILLE, Va., March 4, 2021 /PRNewswire/ Parsons Corporation (NYSE: PSN), a global leader in defense, intelligence, and critical infrastructure technology and solutions, announced today that it will be hosting a virtual Investor Day on Thursday, March 11, 2021. Parsons executives will present on the company s vision, strategy, key business initiatives, and financial targets.
To register and attend for Parsons Investor Day, please visit: https://investorday.parsons.com/
When: Thursday, March 11, 2021
Time: 9:00 a.m. – 11:30 a.m. ET (6:00 a.m. – 8:30 a.m. PT)
Speakers will include Chuck Harrington, chairman and chief executive officer (CEO), Carey Smith, president and chief operating officer (COO), George Ball, chief financial officer (CFO), and executive vice presidents (EVP) from each of Parsons business markets: connected commu
Parsons Awarded $2 Billion Ceiling Air Force Base Modernization Contract
News provided by
Share this article
Share this article
CENTREVILLE, Va., March 1, 2021 /PRNewswire/ Parsons Corporation (NYSE: PSN) was awarded an indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract by the U.S. Air Force Civil Engineer Center (AFCEC) for architecture engineering capabilities, including design, construction management, and the restoration and modernization of Air Force Bases worldwide. The potential 10-year contract has a five-year base period and an option for an additional five years, worth a shared value of $2 billion across awardees. As the Department of Defense prepares for the base of the future, we re ready to deliver exceptional critical infrastructure expertise to modernize and sustain Air Force bases around the world, said Chris Alexander, executive vice president, and general manager of Parsons engineered systems market. We look forward to bri
Parsons Reports Fourth Quarter and Full Year 2020 Results
Q4 2020 Highlights
- Revenue of $964 million, includes $45 million of adverse impact from COVID-19
- Net income of $22 million and margin of 2.2%; adjusted EBITDA of $90 million and margin of 9.4%
- Cash flow from operating activities of $176 million
- Book-to-bill ratio of 1.1x for Q4 2020 and on a trailing 12-month basis
- Closed Braxton acquisition; accelerates growth and expands margins in high-priority space market
- Recognized by Forbes as one of the world s best employers and by Ethisphere as one of the world s most ethical companies
Fiscal year 2020 Highlights
- Net income of $99 million and margin of 2.5%
Share this article
Share this article
CENTREVILLE, Va., Feb. 22, 2021 /PRNewswire/ Parsons Corporation (NYSE: PSN) has won a seven-year contract with the U.S. Postal Service s (USPS) Nationwide Program Management Services (PMS) worth a total potential value of $600 million. The deal is the company s third consecutive with the USPS. The seven-year timeframe assumes all option periods are exercised. We look forward to continuing our 17-year relationship with the USPS and helping them deliver exceptional support to citizens around the country, said Chris Alexander, executive vice president, and general manager of the Parsons engineered systems market. Our experience in program management, architectural and engineering design, and construction management supports the USPS ongoing modernization efforts ensuring uninterrupted delivery of reliable and affordable mail service to our nation.
/PRNewswire/ Parsons Corporation (NYSE: PSN) has been awarded a task order by the National Geospatial-Intelligence Agency (NGA) on the MOJAVE Functional.