Business overview
Parsons Corporation is a technology company specializing in engineering services, cybersecurity, and advanced digital solutions for critical infrastructure and defense. The company operates notably in the fields of national security, systems integration, and complex logistics operations.
Watch: Significant reliance on U.S. government contracts exposes the company to fluctuations in defense budgets and Pentagon purchasing policies. Furthermore, the nature of these complex projects carries risks of technical execution and cost overruns over the duration of the contracts.
Valuation
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Update log
| Date | News | Impact |
|---|---|---|
| 9/10/2026 | Event outcome: Confirmed event_outcome | Fireside chat at the 2026 Jefferies Global Industrials Conference — Parsons Corporation executives, including CEO Carey Smith and CFO Matt Ofilos, participated in a fireside chat at the 2026 Jefferies Global Industrials Conference on September 9, 2026. During the session, management discussed the company's growth strategy across federal solutions and critical infrastructure, highlighting strong demand, contract wins, and expansion in the Middle East. |
| 9/7/2026 | Yahoo Finance | |
| 9/4/2026 | Timing score improves on high-impact defense contract awards AI review | The increase in the timing score is driven by a surge in catalyst events, specifically the receipt of multiple significant U.S. government contracts including the $750 million USCYBERCOM award and the $514 million Missile Defense Agency option. These tangible wins, alongside upcoming conference participation, have increased the short-term visibility of project execution. While the company faces scrutiny from a recent investor fraud investigation, the accumulation of major contract awards serves as a concrete operational catalyst. |
| 9/3/2026 | Yahoo Finance | |
| 9/3/2026 | Yahoo Finance | |
| 9/3/2026 | Yahoo Finance | |
| 8/28/2026 | Yahoo Finance | |
| 8/26/2026 | Yahoo Finance | |
| 8/25/2026 | Yahoo Finance | |
| 8/25/2026 | Parsons Corporation subsidiary SealingTech has secured a five-year contract valued at up to $750 million from USCYBERCOM to supply the Joint Cyber Hunt Kit. | |
| 8/24/2026 | Yahoo Finance | |
| 8/20/2026 | Yahoo Finance | |
| 8/20/2026 | Yahoo Finance | |
| 8/20/2026 | Yahoo Finance | |
| 8/19/2026 | Yahoo Finance | |
| 8/19/2026 | Yahoo Finance | |
| 8/18/2026 | Yahoo Finance | |
| 8/13/2026 | Yahoo Finance | |
| 8/13/2026 | Yahoo Finance | |
| 8/11/2026 | Rating revision: Rating 2 → Rating 1 AI review | The company has secured a significant contract in the high-growth electronic warfare sector, demonstrating its ongoing relevance to modernization efforts. Furthermore, the substantial insider purchase by a director signals strong internal confidence in the company's trajectory and valuation. Given these developments, an upgrade to a 1 rating reflects the strengthening of the company's competitive and financial outlook. |
| 8/11/2026 | Yahoo Finance | |
| 8/8/2026 | Rating revision: Rating 4 → Rating 2 AI review | Parsons Corporation has demonstrated strong financial momentum with record bookings, signaling a successful execution of its strategic focus on federal demand. Given this consistent growth and increasing relevance in the defense and infrastructure sectors, a higher rating is now justified to reflect their improved operational performance. The shift to a rating of 2 accounts for their strengthened market position while maintaining a conservative view regarding their long-term reliance on government budgets. |
| 8/8/2026 | Parsons (PSN) Q2 2026 Earnings Call Transcript Yahoo Finance | Yahoo Finance |
| 8/7/2026 | Ball George L. (Dir) — Buy +$959,400 Insider Form 4 | P - Purchase transaction of +20,000 shares at $47.97 |
| 8/3/2026 | Yahoo Finance | |
| 8/2/2026 | Rating revision: Rating 3 → Rating 4 AI review | The recent reduction in financial guidance and the reported net loss signal significant operational instability and internal challenges. Given these developments, a downgrade is necessary to reflect the increased risk profile compared to the previous assessment. The ongoing shareholder investigations further suggest potential management or transparency issues that warrant a more cautious rating. |
| 8/2/2026 | Yahoo Finance | |
| 8/1/2026 | Rating revision: Rating 2 → Rating 3 AI review | The company's recent Q2 2026 financial performance failed to meet market expectations, leading to a downward revision of full-year guidance. Given the portfolio reshaping challenges and emerging demand uncertainties, a more conservative rating of 3 is appropriate until operational stability is demonstrated. This rating change reflects the heightened execution risk associated with current project delays. |
| 8/1/2026 | Yahoo Finance | |
| 7/30/2026 | Parsons Q2 Earnings Call Highlights Yahoo Finance | Yahoo Finance |
| 7/29/2026 | Rating revision: Rating 1 → Rating 2 AI review | The significant downward revision in full-year revenue guidance and the failure to meet Q2 earnings expectations warrant a downgrade from the current rating. While the company continues to secure strategic contracts, the market's reaction and the miss on financial targets suggest increased volatility and performance risk. Therefore, a shift to a rating of 2 is appropriate to reflect this heightened uncertainty. |
| 7/29/2026 | Why Shares of Parsons Are Plunging Today Yahoo Finance | Yahoo Finance |
| 7/29/2026 | Yahoo Finance | |
| 7/29/2026 | 10-Q — Period: 2026-06-30 | |
| 7/29/2026 | Yahoo Finance | |
| 7/29/2026 | EX-99.1 — Results of operations released · Financial statements and exhibits | |
| 7/29/2026 | 8-K — Results of operations released · Financial statements and exhibits | |
| 7/29/2026 | EX-19.1 — Period: 2026-06-30 | |
| 7/29/2026 | EX-32.1 — Period: 2026-06-30 | |
| 7/29/2026 | Parsons Corporation Q2 2026 Earnings Call Summary Yahoo Finance | Yahoo Finance |
| 7/29/2026 | Parsons Reports Second Quarter 2026 Results Yahoo Finance | Yahoo Finance |
| 7/29/2026 | Yahoo Finance | |
| 7/29/2026 | Yahoo Finance | |
| 7/28/2026 | What To Expect From Parsons’s (PSN) Q2 Earnings Yahoo Finance | Yahoo Finance |
| 7/27/2026 | Yahoo Finance | |
| 7/27/2026 | Rating revision: Rating 2 → Rating 1 AI review | Parsons is demonstrating an increasing ability to integrate critical AI technologies into defense, justifying a move to Tier 1. Its recent contract successes with the U.S. Army reinforce its competitive advantage in high-value-added segments such as cybersecurity and the space sector. This technological growth trajectory secures its role as a key player for Pentagon modernization needs. |
| 7/26/2026 | Yahoo Finance | |
| 7/26/2026 | Yahoo Finance | |
| 7/26/2026 | Yahoo Finance | |
| 7/23/2026 | Yahoo Finance | |
| 7/23/2026 | Rating revision: Rating 3 → Rating 2 AI review | The steady progress in securing significant contracts, particularly in the space and defense sectors, demonstrates an increased ability to generate recurring and strategic revenue. This operational rise justifies a tier upgrade, reflecting strengthened stability and technological maturity. |
| 7/21/2026 | Yahoo Finance | |
| 7/21/2026 | Yahoo Finance | |
| 7/20/2026 | Yahoo Finance | |
| 7/20/2026 | Parsons has secured a $33 million contract for road traffic management in New York. | |
| 7/15/2026 | 3 Reasons to Avoid PSN and 1 Stock to Buy Instead Yahoo Finance | Yahoo Finance |
| 7/14/2026 | Yahoo Finance | |
| 7/14/2026 | A subsidiary of Parsons Corporation has secured a $245 million naval contract involving satellite technologies. | |
| 5/13/2026 | Ball George L. (Dir) — Buy +$500,000 Insider Form 4 | P - Purchase transaction of +10,000 shares at $50.00 |
| 5/12/2026 | Holdsworth Mark Keith (Dir) — Buy +$512,673 Insider Form 4 | P - Purchase transaction of +10,000 shares at $51.27 |
| 5/11/2026 | McMahon Harry T. (Dir) — Buy +$491,400 Insider Form 4 | P - Purchase transaction of +10,000 shares at $49.14 |
| 5/8/2026 | Smith Carey A. (Pres, CEO) — Buy +$624,645 Insider Form 4 | P - Purchase transaction of +12,500 shares at $49.97 |
| 4/29/2026 | EX-99.1 — Results of operations released · Financial statements and exhibits | |
| 4/30/2025 | EX-99.1 — Results of operations released · Financial statements and exhibits | |
| 2/28/2025 | McMahon Harry T. (Dir) — Buy +$470,131 Insider Form 4 | P - Purchase transaction of +8,064 shares at $58.30 |
| 5/3/2023 | EX-99.1 — Results of operations released · Financial statements and exhibits | |
| 8/3/2022 | EX-99.1 — Results of operations released · Financial statements and exhibits | |
| 5/4/2022 | EX-99.1 — Results of operations released · Financial statements and exhibits | |
| 7/16/2021 | EO14042 TEAMS-NEXT MISSILE DEFENSE SYSTEMS ENGINEERING | |
| 9/22/2020 | THE PURPOSE OF THIS ACTION IS TO EXECUTE AN ADMINISTRATIVE CONTINUANCE OF THE TASK ORDER, AND TRANSFERS THE ADMINISTRATION FROM REGION 1 TO FEDSIM. | |
| 12/3/2019 | OVERSEAS SECURITY INSTALLATION SERVICES | |
| 10/9/2019 | This article provides a technical analysis of Parsons Corporation (NYSE: PSN) shares via the TradingView platform. | |
| 8/23/2012 | THE CONTRACTOR MUST FURNISH ALL PROFESSIONAL, TECHNICAL AND SUPPORT LABOR, MATERIAL, SUPPLIES, MANAGEMENT SERVICES, DATA, AND FACILITIES REQUIRED TO ACCOMPLISH THE WORK TO BE ORDERED UNDER TECHNICAL F IGF::OT::IGF | |
| 9/15/2002 | SALT WASTE PROCESSING FACILITY CONCEPTUAL DESIGN |