PSN on NYSE

Parsons Corporation

Logo: Parsons Corporation, CC BY-SA 4.0, via Wikimedia Commons5

American technology-focused engineering firm

Parsons Corporation is an American multinational technology-focused defense, intelligence, and infrastructure engineering firm. Founded in 1944, Parsons is headquartered in Chantilly, Virginia, and serves both government and private sector organizations in more than 30 countries. Parsons became a public company after its initial public offering (IPO) in 2019.3 It was founded by Ralph M. Parsons.1 Its shares trade on NYSE under the symbol PSN.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

1944Founded1

Compare with Cerner, Science Applications International Corporation or Open Text Corporation, or pick any stock.

  • TickerPSN on NYSE1
  • Industryarchitecture, civil engineering, computer security, construction, electrical engineering1
  • HeadquartersChantilly1
  • Founded inLos Angeles1
  • Websitewww.parsons.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address5875 Trinity Pkwy #300, Centreville, Va 201206
  • Filer categoryLarge accelerated filer6
  • LEI549300ZXH0VRBSEPX7524
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 8506224
Parsons Corp Office Chantilly VA
Photo: SpaceHist65, CC0, via Wikimedia Commons9

Parsons Corporation is an American multinational technology-focused defense, intelligence, and infrastructure engineering firm. Founded in 1944, Parsons is headquartered in Chantilly, Virginia, and serves both government and private sector organizations in more than 30 countries.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

6.6%Operating margin10
3.8%Net margin10
-5.7%Revenue growth, 202510
9.1%Return on equity10
0.47×Debt to equity10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Federal Solution brought in 51% of the revenue Parsons Corporation broke down this way in fiscal 2025.

  1. Federal Solution$3.2B1051%down 20% from 2024
  2. Critical Infrastructure$3.1B1049%up 15% from 2024
Business segments by year
Business segments202320242025
Federal Solution$3.0B$4.0B$3.2B
Critical Infrastructure$2.4B$2.7B$3.1B

Regions

North America brought in 47% of the revenue Parsons Corporation broke down this way in fiscal 2025.

  1. North America$5.2B1047%down 9% from 2024
  2. United States$4.7B1042%down 10% from 2024
  3. Middle East$1.2B1011%up 10% from 2024
  4. Rest of the world$19.8M100%down 2% from 2024
Regions by year
Regions202320242025
North America$4.5B$5.7B$5.2B
United States$4.1B$5.2B$4.7B
Middle East$943.2M$1.1B$1.2B
Rest of the world$18.1M$20.1M$19.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue78¢$4.9B
  • Selling, general and admin16¢$1.0B
  • Other costs1¢$49.4M
  • Interest1¢$51.3M
  • Income tax1¢$73.6M
  • Profit4¢$241.1M

Out of $6.4B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks26¢$125.0M
  • Kept or used elsewhere74¢$353.4M

Out of $478.4M of cash from operations.10

Financial statements

Revenue1112131410$6.4B in 2025+61% since 2019
0$2.0B$4.0B$6.0B$8.0B2019: $4.0B$4.0B20192020: $3.9B$3.9B2020−1%2021: $3.7B$3.7B2021−7%2022: $4.2B$4.2B2022+15%2023: $5.4B$5.4B2023+30%2024: $6.8B$6.8B2024+24%2025: $6.4B$6.4B2025−6%
Operating income1112131410$418.1M in 2025+354% since 2019
0$200.0M$400.0M$600.0M2019: $92.1M$92.1M20192020: $177.8M$177.8M2020+93%2021: $132.4M$132.4M2021−26%2022: $185.7M$185.7M2022+40%2023: $288.4M$288.4M2023+55%2024: $428.1M$428.1M2024+48%2025: $418.1M$418.1M2025−2%
Net income1112131410$241.1M in 2025+100% since 2019
0$100.0M$200.0M$300.0M2019: $120.5M$120.5M20192020: $98.5M$98.5M2020−18%2021: $64.1M$64.1M2021−35%2022: $96.7M$96.7M2022+51%2023: $161.1M$161.1M2023+67%2024: $235.1M$235.1M2024+46%2025: $241.1M$241.1M2025+3%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Revenue$6.4B$6.8B$5.4B
Direct cost of contracts$4.9B$5.3B$4.2B
Equity in earnings (losses) of unconsolidated joint ventures$2.6M-$23.4M-$47.8M
Selling, general and administrative expenses$1.0B$955.0M$869.9M
Operating income$418.1M$428.1M$288.4M
Interest income$6.9M$11.4M$2.2M
Interest expense-$51.3M-$51.6M-$31.5M
Convertible debt repurchase loss$0-$18.4M$0
Other income (expense), net$8.9M-$1.9M$5.0M
Total other expense-$35.6M-$60.4M-$24.3M
Income before income tax expense$382.5M$367.7M$264.1M
Income tax expense-$73.6M-$77.0M-$56.1M
Net income including noncontrolling interests$308.9M$290.7M$207.9M
Net income attributable to noncontrolling interests-$67.7M-$55.6M-$46.8M
Net income attributable to Parsons Corporation$241.1M$235.1M$161.1M
Basic$2.26$2.21$1.53
Diluted$2.20$2.12$1.42

Compare Parsons Corporation with another company

Corporate structure

Parsons Corporation sits at the top of its group. 139 entities, 11 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Parsons Corporation

  • Parsons Corporation Centreville, Virginia, United States
    • Altamira Intermediate Company I, Inc. Subsidiary · Delaware, United States
    • Altamira Intermediate Company II, Inc. Subsidiary · Delaware, United States
    • Altamira Technologies Corporation Subsidiary · Delaware, United States
    • Amplus Corporation Subsidiary · Virginia, United States
    • APG Technologies, LLC Subsidiary · Virginia, United States
    • Applied Sciences Consulting, LLC Subsidiary · Florida, United States
    • Asymmetric Technologies LLC Subsidiary · Maryland, United States
    • BCC Engineering Acquisition Corporation Subsidiary · Delaware, United States
    • BCC Engineering Holding Corporation Subsidiary · Delaware, United States
    • BCC Engineering, LLC Subsidiary · Florida, United States
    • Black Signal Technologies LLC Subsidiary · Delaware, United States
    • Blackhorse, A Parsons LLC Subsidiary · Delaware, United States
    • Blue Ridge Envisioneering, Inc. Subsidiary · Virginia, United States
    • Bonifica S.P.A. Subsidiary · Italy
    • Braxton Science & Technology Group, LLC Subsidiary · Colorado, United States
    • Braxton Technologies, LLC Subsidiary · Colorado, United States
    • Bright Star For Engineering Services LLC Subsidiary · Iraq
    • Chesapeake Technology International, Corp. Subsidiary · Maryland, United States
    • CMX TECHNOLOGIES LLC Subsidiary · Delaware, United States
    • Command Engineering International Limited Subsidiary · Ontario, Canada
    • Cromulence LLC Subsidiary · Florida, United States
    • De Leuw, Cather International Limited Subsidiary · Delaware, United States
    • Delcan Corporation Subsidiary · Illinois, United States
    • Delcan Technologies, Inc. Subsidiary · Georgia, United States
    • Diqqat Al Hilool for Engineering and Technical Services, Project Management and Electronic Equipment Supply LLC Subsidiary · Iraq
    • and 113 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Parsons Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$455.4M10 Dec 31, 2025$397.9M10 Dec 31, 2024+14.4%
Accumulated depreciation$304.3M10 Dec 31, 2025$286.3M10 Dec 31, 2024+6.3%
Property and equipment, net$151.1M10 Dec 31, 2025$111.6M10 Dec 31, 2024+35.4%
Operating-lease assets (leased space)$126.8M10 Dec 31, 2025$153.0M10 Dec 31, 2024−17.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$466.4M10 Dec 31, 2025$453.5M10 Dec 31, 2024+2.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.2B10 Dec 31, 2025$2.1B10 Dec 31, 2024+5.0%
Intangible assets, net (excluding goodwill)$325.9M10 Dec 31, 2025$349.9M10 Dec 31, 2024−6.9%
Finite-lived intangibles, gross$595.4M10 Dec 31, 2025$549.9M10 Dec 31, 2024+8.3%
Accumulated amortization$269.5M10 Dec 31, 2025$199.9M10 Dec 31, 2024+34.8%
Finite-lived intangibles, net$325.9M10 Dec 31, 2025$349.9M10 Dec 31, 2024−6.9%

Properties, in its own words

Our headquarters are located in Chantilly, Virginia. As of December 31, 2025, we leased 248 commercial facilities (including our headquarters) with an aggregate of approximately 2.7 million square feet of space across 37 U.S. states and 16 countries used in connection with the various services rendered to our customers. Additionally, we operate at several customer-accredited Sensitive Compartmented Information Facilities, which are highly specialized, secure facilities used to perform classified work for the United States intelligence community. We also have employees working at customer sites throughout the U.S. and in other countries. We believe our facilities are adequate for our current and presently foreseeable needs.

Item 2 of the 10-K filed Feb 11, 2026.19

The story

Founded by Ralph M. Parsons in 1944, in Los Angeles.1

History

Parsons was founded by Ralph M. Parsons in 1944. Emerging at the end of World War II, Parsons' location in Los Angeles, proximity to organizations such as the Naval Air and Missile Test Center, Air Force Western Development Division (WDD) and Space and Missile Systems Organization (SAMSO), and partnership with Aerojet Engineering, enabled it acquire early developmental projects including electronics, instrumentation, ground checkout systems design, and engineering for aircraft, missiles and rocket facilities.

In the early 1950s, Parsons efforts in oil and petrochemical process plants came into focus with design/build efforts supporting both Shell and Gulf Oil in Texas. Parsons delivered systems that would also recover sulfur products for later use in industrial processes. Facilities came on line in 1952.

In 1961, Parsons founded the Ralph M. Parsons Foundation. The foundation became entirely independent from the company in 1974. Also in 1974, Parsons opened the first part of its headquarters in Pasadena.

In 1985, Parsons finalized an Employee Stock Ownership Program (ESOP), allocating shares in proportion to employees’ salaries. The ESOP program continues today.

Parsons interest in bridge projects grew through the 1980s, 1990s, and 2000s leveraging credentials enabled by acquisition of firms including DeLeuw, Cather, and Company in 1977 and Steinman, Boynton, Gronquist and Birdsall (SBGB) in 1988. These acquisitions brought experience and pedigree for design and/or refurbishment of iconic bridge structures including the Mackinac Bridge (Steinman, 1957), Tagus River Bridge, and Brooklyn Bridge. Parsons continues to provide inspection, maintenance, and upgrades for these bridges to this day. The company has also secured numerous design, design-build, and/or construction management jobs delivering new bridges such as the Tacoma Narrows Bridge (2007), John James Audubon Bridge, Windsor-Detroit (Gordie Howe) Bridge, and the Don Welge Memorial Bridge.

In April 1996, Parsons CEO at the time, Leonard Pieroni, was killed in a U.S. Air Force plane crash in the Balkans along with U.S. Commerce Secretary Ron Brown.

In October 2004, Parsons sold its hydrocarbons focused business, Parsons E&C Inc, to Australian firm Worley.

In 2012, Parsons developed the logistics strategy for movement of the Space Shuttle Endeavour from Los Angeles International Airport to the California Science Center near downtown. The effort was completed at no cost to NASA or the science center and was delivered by a team of local consultants that contributed expertise and resources for the effort. The activity brought to a close Parsons support for the Space Shuttle program; efforts that began in 1970 when NASA hired Parsons to perform an independent evaluation of facilities options for the Space Transportation System.

Read the full text

In late February 2019, Parsons announced the move of its headquarters from Pasadena, California to Centreville, Virginia.

On May 8, 2019, Parsons executed an Initial Public Offering of approximately $500 million on the New York Stock Exchange under the symbol PSN. When the transaction was conducted, Parsons returned to public status after leaving 35 years before to become a private, employed-owned company.

On September 1, 2023, Parsons announced the move of its headquarters to Chantilly, VA.

Discussing the company's business outlook in February 2024, CEO Carey Smith stated that the company believes it will continue to see strong demand for its solutions, including cyber, electronic warfare, signals collection, space, missile defense and critical Infrastructure protection given world-wide geopolitical outlook.

In 2025, Parsons Corporation pledged a $2.5 million donation to Donald Trump's demolition of the East Wing of the White House and construction of a White House State Ballroom. The New York Times reported on this donation, noting that the donation came at the same that the Parsons Corporation was jockeying for Trump administration contracts valued for more than $1 trillion.

Healthcare centers in Iraq

In March 2004, Parsons was awarded a contract for a $243 million project to build 150 healthcare centers in Iraq. By March 2006, $186 million had been spent, with six centers complete and accepted by the U.S. Army Corps of Engineers (USACE), 135 centers partly complete, and one reassigned to another contractor. USACE progressively terminated the contract from September 2005 to March 2006, eventually requiring Parsons to complete a total of 20 centers, with the others to be completed by other contractors. The estimated cost for the completion of the other 121 centers was $36 million. Parsons and USACE disputed the degree to which the final 20 centers were completed. A report by the Special Inspector General for Iraq Reconstruction cited problems, including "high turnover among government personnel... directions... given without agreement from the contractor... program managers' responsiveness to contractor communications, cost and time reporting, administration and quality assurance".

CBOSS positive train control system

In November 2011, Parsons was awarded a $138 million contract by the Peninsula Corridor Joint Powers Board (PCJPB), operators of Caltrain system in Northern California. The contract was to design and install communications-based overlay signal system positive train control (CBOSS PTC) as part of the Caltrain Modernization Program. While physical installation had commenced by September 2013, the project missed its 2015 completion deadline. Caltrain contracted a third party review to assess the project; it found program execution issues caused by both parties. By February 2017, although much of the system had been installed (but not fully tested), Caltrain terminated its contract with Parsons for failure to perform, and announced potential litigation. Caltrain then contracted Wabtec to complete the PTC system. Parsons maintained the contract was wrongly terminated and that the delay was beyond its control. Parsons and PCJPB filed lawsuits against each other seeking damages. During early stages of litigation, Parsons and PCJPB agreed that non-performance by subcontractor Alstom substantially caused the delays. With an agreement by Parsons to waive claims against PCJPB and PCJPB agreeing to assign all rights to recovery over to Parsons, they jointly sued Alstom for damages in September 2021. Judgment was reached in September 2024, with Alstom ordered to pay Parsons damages and interest of $135 million for breach of contract. Alstom has appealed the ruling. Wabtec completed the CBOSS PTC installation, employing 80% of the systems delivered by Parsons on the prior contract.

Project timeline

1940s

Less than two months after Parsons was founded, they were hired to provide turnkey engineering, management, and oil well drilling services to the great divide in Colorado, United States.

In 1948, Parsons began work to develop naval missile facilities at Point Mugu Missile facility. Also in 1948, the Atomic Energy Commission created the Idaho National Engineering Laboratory reactor so that it could conduct advanced nuclear experiments with civilian and military reactors. Parsons designed all facilities for test and support operations—including the largest cast-in-place concrete arch ever poured, a span of 3,000 feet.

1950s

In 1952, the U.S. Army awarded Parsons a multi-year design and construction contract role for numerous laboratory and test facilities at the Redstone Arsenal in Huntsville, Alabama.

In January 1953, Parsons began work on the construction of Turkey's first oil refinery near Batman, Turkey.

Between 1957 and 1960, Parsons designed Port Arguello Launch Complex 1 under contract to the U.S. Navy to support the launch of MIDAS and SAMOS programs using Atlas missiles. The facility was renamed Launch Complex 3 when the Air Force assumed control of the base from the Navy.

In 1958, Parsons began fabrication of electronics and instrumentation including miss-distance indicators for the Pershing Medium Range Ballistic Missile. In June 1959, Parsons was awarded a contract for Titan ICBM facility design to be constructed near Moses Lake Washington.

1960s

In 1961, Parsons designed the installation plans for each of the 1,000 Minuteman intercontinental ballistic missiles, which were used by the U.S. Air Force during the Cold War. In 1964, Ralph M. Parsons managed the design of the U.S. Treasury Philadelphia Mint expansion. Parsons created all construction and equipment specifications, oversaw construction, and prepared operations and maintenance manuals.

In 1962, Parsons commenced design efforts as civil architect-engineer for the Titan III Integrate, Transfer, and Launch (ITL) launch complex at Cape Canaveral Air Force Station. Upon completion, the complex became known as Launch Complex 40 and Launch Complex 41. Features of the ITL design included the Vertical Integration Building (VIB) and Solid Rocket Motor Assembly Building (SMAB). The complex supported its first launch in June 1965.

In February 1963, Parsons was contracted to design the Apollo Spacecraft Propulsion System Development Facility at White Sands New Mexico. In 1964, Parsons created a technical and economic blueprint for the North American Water and Power Alliance (NAWAPA), specifically in the United States, Canada and Mexico. The plan outlined concepts to build an integrated system of dams, channels, tunnels, reservoirs, hydroelectric plants, and pumping stations. The plan ultimately did not move forward due to environmental concerns and cost. In 1966, Parsons has served as general engineering consultant for the DC Washington Metro in Washington, D.C., which is a $11 billion, 103-mile rapid transit rail system connecting Washington, D.C., to its many suburbs.

In 1968, Parsons designed and constructed the entire Honolulu Airport in Honolulu, Hawaii (which is now referred to as the Daniel K. Inouye International Airport), including a 12,000-foot runway on an offshore reef to minimize noise in Honolulu. The runway is still used today. In 1968, Parsons began work to upgrade the Federal Aviation Administration (FAA) by providing plans, specifications, and standards to upgrade air traffic controls in 19 facilities. Today, Parsons provides 24/7/365 technical support services in all nine FAA regions and two specialized FAA centers. Again in 2001, Parsons was the prime contractor to implement modernization plans for the national airspace system.

1970s

In 1970, Parsons was hired by BP and ExxonMobil to perform engineering studies in Alaska to determine if the company could overcome the technical and logistical engineering challenges in Arctic oil production. In 1971, Parsons and Union Oil Co. of California demonstrated an improved sulfur recovery process at Union's Los Angeles pilot refinery plant. Based on the proven capacity to extract over 99% of the sulfur contained in the waste gases, the company was contracted to construct a full scale plant to harvest sulfur for industrial uses and reduce pollution.

Following arctic oil production study, Parsons was hired in 1974 as managing contractor for all oil and gas facilities for BP and Exxon's east side portion of Prudhoe Bay, Alaska. Also in 1974, Parsons provided modernization and construction program services for the new construction on more than 100 major U.S. postal installations. Parsons continues to provide services for the USPS today.

In 1975, Parsons was selected to transform Yanbu, Red Sea in Saudi Arabia into a thriving, modern port complex. The company provided the master plan, design, and construction management services for this self-contained industrial city of more that 100,000 people that produces oil, gas, and petrochemical products used worldwide. Continuing work in the middle east, Parsons won a contract to design, engineer, and manage the construction of multiple facilities for ARAMCO's Saudi Arabian gas program.

In October 1976, the Federal Railroad Administration awarded Parsons, as part of a joint venture, the Northeast Corridor Improvement Program contract, which was to provide a 456-mile, high-speed rail service between Boston, New York, and Washington, D.C. In 1977, Parsons completed a 4-year design-build turnkey program to build the Jeddah Airport in Saudi Arabia (also known as the King Abdulaziz International Airport).

In 1978, Parsons developed facilities criteria for assembly, testing, and system support of the U.S. Air Force's MX missile system at Vandenberg Space Force Base. In addition, as a subcontractor to Martin Marietta, Parsons supported development of the Space Shuttle ground system at Vandenberg. Parsons support to the ground infrastructure development effort continued into the mid-1980s.

1980s

In 1980, Los Angeles selected a Parsons joint venture to provide the Hyperion Wastewater Treatment Plant with program management, advanced planning, conceptual/detailed design, construction management, and startup services on all of their solids- and gas-handling expansion projects. In 1981, Parsons won a contract for the Petromin-Shell petrochemical design-build project, the company's largest petrochemical project ever, valued at $1.5 billion.

In 1985, the Los Angeles Metropolitan Transportation Authority hired a Parsons joint venture to provide commuter rail services and construction management of what would become the MTA's Red Line. Also in 1985, the U.S. Army Corps of Engineers selected Parsons to furnish design, systems integration, engineering, and procurement for the eight chemical weapons incineration plants throughout the continental United States. In 1986, Parsons designed, engineered, and managed construction of the Red Dog mine air and sea ports along with the entire complex.

In 1987, Parsons engineered, designed and delivered the Titan solid booster rocket test stand at Edwards Air Force Base in California. The test stand facility was originally designed by Parsons in the early 1960s to support Saturn V engine testing. Parsons rebuilt the facility again after a 1991 test failure of a Titan IV SRMU motor that caused significant facility damage.

In 1988, Parsons was hired to expand the Dulles (IAD) and Ronald Reagan (DCA) airports. Parsons also continued to oversee rehabilitation of the Brooklyn Bridge that had been started by bridge firm Steinman, Boynton, Gronquist, and Birdsall which had been acquired by Parsons that year.

1990s

In 1992, the Port of Los Angeles selected Parsons to design the Pier 300 $60 million dry bulk terminal for international commodities such as coal and petroleum coke. Also in 1992, Parsons provided engineering cleanup services to the Department of Energy for its uranium enrichment facilities in Ohio. The project was worth $125 million. In 1993, The Southern Nevada Water Authority selected Parsons as PM/CM for their $2 billion capital improvement program to increase water capacity for the Las Vegas Valley. The company continues to provide program and construction management services to SNWA most recently being awarded $150M contract in July 2023.

In 1995, Parsons designed, engineered and managed infrastructure elements of the National Ignition Facility's (NIF) construction. This facility houses the world's most powerful laser. Additionally in 1995, Parsons paid the U.S. $3.2 million to settle fraud claims, the settlement comes from allegations that Parsons knowingly overbilled the government on two Air Force contracts.

In 1996, Parsons was awarded a contract by the USAID to reconstruct Bosnia-Herzegovina, in the Balkans, after the war. In 1997, Parsons began the structural rehabilitation and catenary designs that incorporated electrifying the railroad tracks of the Tagus River Bridge (also known as the 25 de Abril Bridge) in Lisbon, Portugal. The company continues to support bridge improvements and maintenance.

In 1998, Parsons was hired by the U.S. Navy to manage UXO removal in Hawaii. The unexploded ordinances had accumulated in the island of Kaho`olawe. In 1999, Parsons completed the design for the New Baiyun Airport (now called the Guangzhou Baiyun International Airport) in Guangzhou, China. Also in 1999, Parsons was selected to design the Woodrow Wilson Bridge.

2000s

On September 19, 2002, Parsons was awarded a contract to design, build commission and operate the Savannah River Salt Waste Processing Facility (SWPF) in South Carolina by the department of energy. In 2020, the company completed all steps to begin the treatment of radioactive waste at the facility.

On October 8, 2002, Parsons proceeded on the Tacoma Narrows Bridge, a design-build project, originally scheduled to be constructed in 55 months. The bridge was completed and opened in 2007.

In June 2003, a joint-venture team led by Bechtel National, Inc. and Parsons Corporation was selected to destroy chemical weapons at the Bluegrass Army Depot in Kentucky. The final munition was destroyed in July 2023.

In 2004, Parsons served as project manager to cleanup and restore Onondaga Lake in New York.

The same year, a $29.5 million contract was given to both Parsons and Gilbert Southern/Massman Construction to redo a portion of the Escambia Bay Bridge near Pensacola, FL after Hurricane Ivan made landfall and knocked off 58 spans of the original bridge and misaligned 66 other spans. Traffic destined for the bridge was rerouted onto US 90 (exit 17 on I-10) for 2 months while construction was taking place, which caused severe traffic jams. The westbound bridge opened to traffic on October 4, six days ahead of schedule, while the eastbound lanes opened to traffic on November 20, 66 days after Ivan made landfall and 27 days ahead of schedule. Both contractors received $1.5 million in bonuses for the early completion.

In March 2004, Parsons was awarded a contract for a $243 million project to build 150 healthcare centers in Iraq. This contract generated controversy when the US Army Corps of Engineers terminated it, alleging Parsons' failure to perform and reassigning much of the remaining work to other contractors.

In 2005, a Parsons led joint venture constructed the north terminal of the Miami International Airport. The same joint venture (Parsons-Odebrecht) was awarded another contract for the airport to improve the baggage handling system.

In 2006, in a joint-venture, Parsons provided the design review and program/construction supervision for the construction of the Dubai Metro.

2010s

In 2010, Parsons, in a joint-venture, completed the $575 million, LEED-silver-certified Tom Bradley International Terminal Improvements and Baggage Screening Systems Project at Los Angeles International Airport. Parsons was the construction manager for this project. Parsons was also a part of the terminals update in 2006. The company also played a role in post 9/11 Pentagon rebuilding efforts, providing program and construction management services.

In 2011, in a joint-venture, Parsons completed construction on the John James Audubon Bridge in Mississippi. The John James Audubon Bridge is the longest cable-stayed bridge in the Western Hemisphere and is also the first Design-Build project undertaken by the Louisiana Department of Transportation and Development. On November 8, 2012, the bridge was awarded the Design-Build Institute of America (DBIA) 2012 Design Excellence Award.

In 2013, Parsons designed and managed construction for the earthworks, roads and water and wastewater in Saadiyat Island, Abu Dhabi, UAE.

In October 2014, Parsons was awarded a contract by Tecon Investments to oversee major elements of the Dubai Design District (D3).

In April 2016, Parsons received a construction management contract from the Architect of the Capitol to support the restoration, maintenance and renovation of federal structures on the Capitol campus.

In 2016, construction was completed for the World Trade Center Port Authority Trans-Hudson Transportation Hub (PATH). Parsons was responsible for the infrastructure group design of the project, as well as supervising the civil, geo-technical and environmental design of the project. It also oversees the installation of the project's communication and safety systems.

On June 12, 2017, Parsons accepted the award for the Operational Efficiency Project of the Year from the California Transportation Foundation (CTF) for their Intelligent Transportation System work on the I-80 Smart Corridor Project.

In 2017, Parsons worked with Abu Dhabi Airports Company as program manager for the Abu Dhabi International Airport expansion.

In April 2018, Leidos selected Parsons for the lead construction role to revitalize the US Antarctic research base at McMurdo Sound, Antarctica in support of the National Science Foundation US Antarctic Program. In December 2019, it was announced that Parsons and Leidos Holdings Inc. had earned spots on a $4 billion contract to support the cleanup of a former nuclear weapons site in southern Washington state.

2020s

In May 2020, Parsons was awarded the $61 million owner's engineer contract supporting construction of the new Windsor-Detroit (Gordie Howe) Bridge In September of the same year, Parsons was awarded the Recovery of Airbase Denied by Ordnance (RADBO) contract by the Air Force. The contract calls for production and delivery of armored vehicles equipped to clear mines or unexploded ordnance from airfields using three-kilowatt ZEUS laser weapon.

In December 2020, Parsons was awarded a four-year, $37 million competitively awarded contract by Naval Facilities Engineering Command Southwest (NAVFAC SW) to support rebuilding efforts at Naval Air Weapons Station China Lake.

In May 2021, Parsons secured a contract with $185 million ceiling to deliver Integrated Solutions for Situational Awareness (ISSA) for Space Systems Command In July, Parsons was awarded a seven-year contract from the Missile Defense Agency to continue work on the TEAMs Next contract to support the development of defense systems.

In June 2022, the Defense Health Agency awarded Parsons a spot on a potential $10 billion multi-award contract for military medical research and development support.

In 2023, Parsons was confirmed as the delivery partner for The Line at NEOM, a 170 km linear city being built in Saudi Arabia.

On July 7, 2023, U.S. officials announced that the final munition in the nation's obsolete stockpile of chemical weapons at the Blue Grass Chemical Agent Plant has been safely destroyed by Bechtel National, Inc. and Parsons. The team used neutralization and explosive destruction to eliminate the munition.

In March 2024, the National Nuclear Security Administration awarded a contract to Parsons Government Services and SeaTech Global Security Solutions to counter the smuggling of nuclear technology on a global basis. The contract has a combined award value of up to $1 billion. Also in March, the National Oceanic and Atmospheric Administration Office of Space Commerce selected Parsons Corporation to develop key elements of its civil space traffic coordination system called the Traffic Coordination System for Space, or TraCSS. The systems integration contract has a period of performance of 2-years and a potential value of $27 million.

In April 2024, Parsons secured a position on a $464 million contract with the United States Army Environmental Command (USAEC) for services involving hazardous waste, including perfluoroalkyl and polyfluoroalkyl substances (PFAS).

In June 2025, Parsons announced a partnership with IBM in pursuit of opportunities stemming from the Federal Aviation Administration's plans to update and modernize the United States air traffic control system.

Also in June 2025, Parsons was named #1 Program Management Firm by Engineering News-Record (ENR)'s annual list of Top 50 Program Management Firms.

In February 2026, Parsons ran a two-year project led by Honda in collaboration with i-Probe Inc. and the University of Cincinnati. Over the duration of the project, Honda test vehicles with vision and LiDAR sensors covered approximately 3,000 miles in central and southeastern Ohio. These tests were conducted in urban and rural areas, during variable weather conditions, and at different times of day.

On February 6, 2026, The US Army got a high-tech boost against rogue drones along the southern border with DroneArmor, a next-gen counter-unmanned aerial system (C-UAS) platform developed by Parsons Corporation.

On February 17, 2026, the Department of Homeland Security announced that Parsons will oversee and manage the completion of Mexico-United States border wall construction. In a February 10, 2026 interview on The Dan Bongino Show, then-Secretary Kristi Noem stated that DHS is on track to complete border wall construction by January 2028.

On February 17, 2026, The Pima County Sheriff's Department requested Parsons support to assist with the search for Nancy Guthrie. Parsons deployed BlueFly®, a Bluetooth and Wi-Fi sensor intended for search and rescue operations in challenging environments. The technology has been used on a variety of air and ground vehicles, and on foot in austere terrain. It provides first responders with a heat map to identify signals within a search area. BlueFly® was used on Feb. 3 during the Pima County Sheriff's Department Search and Rescue helicopter search over the Guthrie neighborhood. The technology was subsequently used for additional search operations by helicopter, ground vehicles, and on foot.

On February 18, 2026, Sealing Technologies, a Parsons Corporation company, announced that it received an Intent to Award notification from the United States Cyber Command (USCYBERCOM) for a sole-source contract to begin production on the company's Joint Cyber Hunt Kit (JCHK) solution. The three-year period of performance contract is new work for the company with an anticipated ceiling value of up to $500 million.

From Wikipedia’s article on Parsons Corporation, shared under CC BY-SA 4.0.7

Leadership

Who has led Parsons Corporation, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (20)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • APG Technologies, LLC Virginia8
  • Altamira Intermediate Company I, Inc. Delaware8
  • Altamira Intermediate Company II, Inc. Delaware8
  • Altamira Technologies Corporation Delaware8
  • Amplus Corporation Virginia8
  • Applied Sciences Consulting, LLC Florida8
  • Asymmetric Technologies LLC Maryland8
  • BCC Engineering Acquisition Corporation Delaware8
  • BCC Engineering Holding Corporation Delaware8
  • BCC Engineering, LLC Florida8
  • Black Signal Technologies LLC Delaware8
  • Blackhorse, A Parsons LLC Delaware8
  • Blue Ridge Envisioneering, Inc. Virginia8
  • Bonifica S.P.A. Italy8
  • Braxton Science & Technology Group, LLC Colorado8
  • Braxton Technologies, LLC Colorado8
  • Bright Star For Engineering Services LLC Iraq, Republic of8
  • CMX TECHNOLOGIES LLC Delaware8
  • Chesapeake Technology International, Corp. Maryland8
  • Command Engineering International Limited Ontario8
  • Cromulence LLC Florida8
  • De Leuw, Cather International Limited Delaware8
  • Delcan Corporation Illinois8
  • Delcan Technologies, Inc. Georgia8
All 141 listed subsidiaries
  • Diqqat Al Hilool for Engineering and Technical Services, Project Management and Electronic Equipment Supply LLC Iraq, Republic of8
  • Echo Ridge, LLC Virginia8
  • Engineering Financing Services, LLC Delaware8
  • First Defense Services Pte. Ltd. Singapore8
  • Fourth Dimension Engineering LLC Delaware8
  • Heath & Lineback Engineers, Inc. Georgia8
  • Holding S.r.L. Italy8
  • I. S. Engineers, L.L.C. Texas8
  • INCADENCE STRATEGIC SOLUTIONS LLC Delaware8
  • IPKeys Power Partners, Inc. Delaware8
  • Ingenicomm, LLC Virginia8
  • Lakes Engineering, Inc. Florida8
  • Marigold Infrastructure Partners Inc. Alberta8
  • NDP, LLC Colorado8
  • New Millenium Engineering, Inc. Florida8
  • O & M Consulting Engineering, P.S.C. Puerto Rico8
  • OGSystems, LLC Virginia8
  • PARCAN, Inc. Delaware8
  • PTSI Managed Services Inc. California8
  • Paragon Communications Solutions LLC Virginia8
  • Parsons 401Hot GP Inc. Ontario8
  • Parsons 401Hot Limited Partnership Ontario8
  • Parsons Architectural Services Inc. Alberta8
  • Parsons Architectural Services of Illinois Inc. Illinois8
  • Parsons Architecture of Florida Inc. Florida8
  • Parsons Architecture of New Jersey P.C. New Jersey8
  • Parsons Canada Holdings, LLC Delaware8
  • Parsons Construction Craft Services Inc. Texas8
  • Parsons Construction Group Inc. Delaware8
  • Parsons Constructors & Fabricators Inc. Delaware8
  • Parsons Constructors Inc. Delaware8
  • Parsons Corporation Delaware8
  • Parsons Delcan Inc. Delaware8
  • Parsons Engineering Inc. of Michigan Michigan8
  • Parsons Engineering Science International, Inc. Delaware8
  • Parsons Engineering Science, Inc. California8
  • Parsons Engineering of New York, Inc. New York8
  • Parsons Enterprises, Inc. Delaware8
  • Parsons Environment & Infrastructure Group Inc. Delaware8
  • Parsons Europe Holdings B.V. Netherlands8
  • Parsons Federal Construction Inc. California8
  • Parsons Global Services, Ltd. Cayman Islands (B.W.I.)8
  • Parsons Government Services Inc. Nevada8
  • Parsons Government Services International Inc. Delaware8
  • Parsons Government Support Services Inc. Texas8
  • Parsons Group France SAS France8
  • Parsons Group International Limited United Kingdom8
  • Parsons Infrastructure & Technology Group Inc. of Ohio Ohio8
  • Parsons Infrastructure & Technology Group of Illinois P.C. Illinois8
  • Parsons Infrastructure & Technology Group of Michigan Inc. Nevada8
  • Parsons Infrastructure & Technology Group of New York Inc. New York8
  • Parsons Inspection & Maintenance Corporation Delaware8
  • Parsons International Limited Nevada8
  • Parsons International Limited (L.L.C.), a Limited Liability Company Egypt, Arab Republic of8
  • Parsons MIP Inc. Alberta8
  • Parsons Main of New York, Inc. New York8
  • Parsons Middle East Corporation Nevada8
  • Parsons Middle East Ltd. Delaware8
  • Parsons Overseas Company Nevada8
  • Parsons Overseas Limited Inc. Delaware8
  • Parsons PATCO Inc. Delaware8
  • Parsons Professional Corporation District of Columbia8
  • Parsons Professional Services Inc. Ontario8
  • Parsons Project Services, Inc. California8
  • Parsons RCI Inc. Washington8
  • Parsons Regional Headquarters Company Saudi Arabia8
  • Parsons Savannah Construction Company South Carolina8
  • Parsons Savannah Services Company Delaware8
  • Parsons Secure Solutions Inc. Virginia8
  • Parsons Services Company Texas8
  • Parsons Technical Services Inc. Delaware8
  • Parsons Technical Services International Inc. Texas8
  • Parsons Transportation Architectural Services LLC Delaware8
  • Parsons Transportation Group Inc. Illinois8
  • Parsons Transportation Group Inc. of Michigan Michigan8
  • Parsons Transportation Group of New York, Inc. New York8
  • Parsons Transportation Group, Professional Corporation District of Columbia8
  • Parsons Water & Infrastructure Inc. Delaware8
  • Parsons of North Carolina Inc. North Carolina8
  • Parsons of Puerto Rico Professional Engineers, P.S.C. Puerto Rico8
  • Parsons-Versar LLC Delaware8
  • Partnership for Temporary Housing LLC Delaware8
  • Polaris Alpha Advanced Systems, Inc. Virginia8
  • Polaris Alpha Cyber Technologies, LLC Delaware8
  • Polaris Alpha Cyber and Sigint, LLC Delaware8
  • Polaris Alpha, LLC Delaware8
  • Prime Solutions LLC Maryland8
  • QRC, LLC Virginia8
  • Rapid Imaging Technologies LLC Maryland8
  • S&P Geology Services P.C. New York8
  • SGTP Highway Bypass GP Inc. Saskatchewan8
  • SGTP Highway Bypass Limited Partnership Saskatchewan8
  • SPW 2020 LLC Virginia8
  • Sage Management Enterprise, LLC Maryland8
  • Saudi Arabian Parsons Limited Saudi Arabia8
  • Saudi Arabian Parsons for Engineering Consulting Company (Professional Limited Liability Company) Saudi Arabia8
  • Sealing Technologies, LLC Maryland8
  • Silver Palm Technologies, LLC Maryland8
  • Solidyn Solutions, LLC Delaware8
  • Space Ground System Solutions, Inc. Florida8
  • Steinman Boynton Gronquist & Birdsall New York8
  • Steinman Inc. New York8
  • T.J. Cross Engineers, Inc. California8
  • TCG International Group Ltd. Virginia8
  • TRS Group, Inc. Washington8
  • TRS International B.V. Netherlands8
  • TSM LLC Tennessee8
  • Tailored Engineering Deployments, LLC Maryland8
  • The Ralph M. Parsons Company Nevada8
  • Thermal Remediation Services Europe, B.V. Netherlands8
  • Transport Atlanta Joint Venture, LlC Georgia8
  • VAXCOM SERVICES LLC Delaware8
  • Virginia Systems and Technology, Inc. Virginia8
  • West Corridor Developers General Partnership Alberta8
  • Williams Electric Co., Inc. Florida8
  • Xator AFG LLC Delaware8
  • Xator LLC Florida8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

Companies acquired by Parsons listed by date of acquisition (incomplete list). Information is current as of Jan 2026.

1944, Ralph M. Parsons Company formed

Jun 1961, Anaconda-Jurden Associates, Inc.

Jun 1966, Vitro Engineering

Read the full text

Jun 1971, Dillingham Engineering Pty. Ltd.

Sep 1977, S.I.P., Inc.

Oct 1977, DeLeuw, Cather and Company

May 1981, Engineering Science, Inc.

Mar 1985, C.T. Main Corporation

1988, Steinman, Boynton, Gronquist & Birdsall

Mar 1995, Gilbert-Commonwealth, Inc.

May 2005, Alaris Group

Jun 2006, 3D/International

Mar 2009, McMunn Associates

Nov 2011, Sparta, Inc

Apr 2014, Delcan, Inc.

May 2014, Secure Mission Solutions

Nov 2017, Williams Electric

May 2018, Polaris Alpha

Jan 2019, OG Systems

Jul 2019, QRC Technologies

Oct 2020, Braxton Science & Technology Group

Jun 2021, Blackhorse Solutions

Jul 2021, Echo Ridge LLC

Jun 2022, Xator Corporation

Apr 2023, IPKeys Power Partners and IPKeys Cyber Partners

Aug 2023, Sealing Technologies, Inc.

Jul 2024, BlackSignal Technologies, Inc.

Oct 2024, BCC Engineering, Inc.

Feb 2025, TRS Group, Inc.

Jul 2025, Chesapeake Technology International Corp.

Oct 2025, Applied Sciences Consulting, Inc.

Jan 2026, Altamira Technologies.

From Wikipedia’s article on Parsons Corporation, shared under CC BY-SA 4.0.7

Former names

  • PARSON CORPFeb 11, 2019 to Feb 11, 20196

Timeline

  1. Jul 29, 20268-K Results of operations44
  2. Apr 29, 20268-K Results of operations45
  3. Apr 15, 20268-K Shareholder vote46
  4. Mar 17, 20268-K Executive or director change; Regulation FD disclosure47
  5. Feb 26, 20268-K Executive or director change48
  6. Feb 11, 20268-K Results of operations49
  7. Jan 15, 20268-K Other events50
  8. Dec 18, 20258-K Executive or director change51
  9. Dec 3, 20258-K Executive or director change52
  10. Nov 5, 20258-K Results of operations53
  11. Aug 6, 20258-K Results of operations54
  12. Jun 5, 20258-K Entered a material agreement; Ended a material agreement55
  13. Jul 6, 2021New chief executive Carey A. Smith becomes CEO20
  14. Jan 3, 2020New chief executive Charles L. Harrington becomes CEO21
  15. May 18, 2019Went public Listed on NYSE1
  16. 1944Founded Founded in Los Angeles1

Calendar

Coming up

  1. Oct 28, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.77 a share, on Nov 5, 2025.56

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results44
  2. Apr 29, 2026Reported quarterly or annual results45
  3. Feb 11, 2026Reported quarterly or annual results49
  4. Nov 5, 2025Reported quarterly or annual results53
  5. Aug 6, 2025Reported quarterly or annual results54
  6. Apr 30, 2025Reported quarterly or annual results57
  7. Feb 19, 2025Reported quarterly or annual results58
  8. Oct 30, 2024Reported quarterly or annual results59

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

258 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 42 major events, 177 insider forms, 7 large holders, 12 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Oct 2, 20264 EDGAR
  3. Aug 10, 20264 EDGAR
  4. Jul 31, 2026SCHEDULE 13G/A EDGAR
  5. Jul 29, 202610-Q EDGAR
  6. Jul 29, 20268-K EDGAR
  7. Jul 2, 20264 EDGAR
  8. Jul 2, 20264 EDGAR
  9. Jun 1, 2026SD EDGAR
  10. May 14, 20264 EDGAR
  11. May 13, 20264 EDGAR
  12. May 12, 20264 EDGAR
  13. May 11, 20264 EDGAR
  14. Apr 29, 20268-K EDGAR
  15. Apr 29, 202610-Q EDGAR
  16. Apr 15, 20264 EDGAR
  17. Apr 15, 20264 EDGAR
  18. Apr 15, 20264 EDGAR
  19. Apr 15, 20264 EDGAR
  20. Apr 15, 20264 EDGAR

The 258 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

13 open-market trades by officers, directors and large owners since October 2021: 13 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 7, 2026Ball George L.DirectorBuy20,000$47.97$959.4KForm 4
May 13, 2026Ball George L.DirectorBuy10,000$50.00$500.0KForm 4
May 12, 2026Holdsworth Mark KeithDirectorBuy10,000$51.27$512.7KForm 4
May 11, 2026McMahon Harry T.DirectorBuy10,000$49.14$491.4KForm 4
May 8, 2026Smith Carey A.President & CEOBuy12,500$49.97$624.6KForm 4
Feb 28, 2025McMahon Harry T.DirectorBuy8,064$58.30$470.1KForm 4
Aug 5, 2022Ball George L.DirectorBuy35,000$41.50$1.5MForm 4
Aug 5, 2022Ball George L.DirectorBuy70,000$41.50$2.9MForm 4
Feb 25, 2022Ball George L.DirectorBuy40,000$33.40$1.3MForm 4
Dec 16, 2021Smith Carey A.President & CEOBuy10,000$30.93$309.3KForm 4
Dec 16, 2021Ball George L.DirectorBuy29,804$31.25$931.4KForm 4
Dec 16, 2021Kolloway Michael RichardSee RemarksBuy6,000$31.74$190.4KForm 4
Dec 15, 2021Ball George L.DirectorBuy196$31.25$6.1KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Carey A. Smith$1.1M$7.3M61
2025Matthew Ofilos$584.9K$2.1M61
2025Michael R. Kolloway$543.9K$1.6M61
2025Susan M. Balaguer$481.3K$1.2M61
2024ChairPresident &$1.0M$11.0M61
2024Chief Financial Officer$576.0K$3.2M61
2024Chief Legal Officer &$526.6K$2.4M61
2024Chief Human Resources Officer$460.5K$1.7M61
2023Chief Executive Officer$976.9K$18.6M61
2023Chief Financial Officer$535.6K$2.6M61
2023Secretary$514.4K$2.3M61
2023Chief Human Resources Officer$439.8K$1.6M61

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Newport Trust Company, LLC49,370,624$2.6B6.2%−768,071
BlackRock, Inc.5,369,842$281.3M0.0%+54,357
Wellington Management Group Llp4,600,295$241.0M0.0%+1,407,321
Swedbank AB3,670,068$192.3M0.2%+1,282,425
Morgan Stanley2,629,671$137.8M0.0%+65,942
Vanguard Capital Management LLC2,403,375$125.9M0.0%+1,707
Dimensional Fund Advisors LP2,377,589$124.6M0.0%+485,189
Earnest Partners LLC2,294,501$120.2M0.4%+514,151
Vanguard Portfolio Management LLC2,240,695$117.4M0.0%−15,801
Channing Capital Management, LLC2,032,376$106.5M2.5%+419,399
State Street Corp1,992,808$104.4M0.0%−72,015
Primecap Management Co/ca/1,712,100$89.7M0.1%+691,700
Invesco Ltd.1,581,092$82.8M0.0%+284,972
Fmr LLC1,410,243$73.9M0.0%+421,626
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,229,532$64.4M0.1%−253,415
UBS Group AG1,160,629$60.8M0.0%+332,101
Van Eck Associates Corp1,125,767$59.0M0.0%+895,690
Aqr Capital Management LLC1,089,760$55.6M0.0%+1,029,924
Goldman Sachs Group Inc1,024,045$53.6M0.0%+18,385
Ameriprise Financial Inc983,592$51.5M0.0%+356,802
Geode Capital Management, LLC940,617$49.3M0.0%−70,666
Bank Of America Corp /de/863,416$45.2M0.0%−6,299
Clearline Capital LP691,294$36.2M2.3%+146,844
Brown Advisory Inc651,695$34.1M0.1%−50,289
Point72 Asset Management, L.P.597,514$31.3M0.0%+469,327

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Parsons Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPARSONS CORP2
  • CIK0000275880
  • Employer ID (EIN)95-323248119
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
  • Incorporated inDelaware19
  • Fiscal year endsDecember 312
  • Industry code (SIC)7373 Services-Computer Integrated Systems Design2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address5875 Trinity Pkwy #300, Centreville, VA 201202
  • Phone703-988-85002
  • Shares outstanding106,978,521 as of Apr 21, 202617
  • Public float$7.7B as of Jun 30, 202519
  • AuditorPricewaterhouseCoopers LLP, Los Angeles, California PCAOB ID 238; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceFeb 11, 20192
  • Filings453 in all: 4 (273), 8-K (70), 10-Q (23), 3 (23), 4/A (8), 10-K (7), DEF 14A (7), CORRESP (5)2
    All 27 form types

    11-K (4), DEFA14A (4), SC 13G/A (4), SCHEDULE 13G/A (4), ARS (3), UPLOAD (3), DRSLTR (2), S-8 (2), 424B4 (1), 8-A12B (1), CERT (1), DEFR14A (1), DRS (1), DRS/A (1), EFFECT (1), S-1 (1), S-1/A (1), SC 13G (1), SD (1)

  • Latest filingsAnnual report (10-K) Feb 11, 2026
    Quarterly report (10-Q) Jul 29, 2026
    Proxy statement (DEF 14A) Mar 2, 2026
    Latest 8-K (8-K) Jul 29, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $1 par valuePSNNew York Stock Exchange

From the cover page of the 10-K filed Feb 11, 2026 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks Parsons Corporation names in Item 1A of its 10-K filed Feb 11, 2026: 53 risks under these headings, as written.19

  • Risk Relating to Our Business
  • Risk Related to Our Common Stock
  • Risks Related to Government Contracts
  • Government spending and priorities could change in a manner that adversely affects our future revenue and limits our growth prospects.
  • The U.S. federal government and its agencies collectively are our largest single customer and, if our reputation or relationships with the U.S. federal government were harmed, our future revenues and cash flows would be adversely affected.
  • Our failure to comply with a variety of complex procurement rules and regulations could result in our being liable for penalties, including termination of our government contracts, disqualification from bidding on future government contracts and suspension or debarment from government contracting.
  • Governments may adopt new contract rules and regulations or revise their procurement practices in a manner adverse to us at any time.
  • A substantial portion of our business is subject to reviews, audits and cost adjustments by government agencies, which, if resolved unfavorably to us, could adversely affect our profitability, cash flows or growth prospects.
  • Our government contracts may be terminated by the government counterparty at any time and may contain other provisions permitting the government to discontinue contract performance, and if lost contracts are not replaced, our operating results may differ materially and adversely from those anticipated.
  • Our revenue and growth prospects may be harmed if we or our employees are unable to obtain government granted eligibility or other qualifications, we and they need to perform services for our customers.
  • Risks Related to Our Operations and Markets
  • Our profitability could suffer if we are not able to timely and effectively utilize our employees or manage our cost structure.
The other 45 risks
  • Our focus on new growth areas for our business entails risks, including those associated with new relationships, clients, talent needs, capabilities, service offerings and maintaining our collaborative culture and core values.
  • We have submitted claims and change orders to clients for work we performed beyond the initial scope of some of our contracts. If these clients do not approve these claims and change orders, our results of operations could be adversely impacted.
  • Many of our contracts require innovative design capabilities, are technologically complex or are dependent upon factors not wholly within our control. Failure to meet these obligations could adversely affect our business, financial condition or results of operations.
  • We face aggressive competition that can impact our ability to obtain contracts and may affect our future revenues, profitability and growth prospects.
  • Changes in global tax laws or their interpretation could have a material impact on our effective income tax rate.
  • Risks Related to Acquisitions and Joint Ventures
  • We may make acquisitions, investments, joint ventures and divestitures in the future that involve numerous risks, which if realized, may adversely affect our business and our future results.
  • We conduct a portion of our work through joint venture entities, some of which we do not have management control over, and with which we typically have joint and several liability with our joint venture partners.
  • We participate in joint ventures where we provide guarantees and may be adversely impacted by the failure of such joint venture or its participants to fulfill their obligations.
  • Our acquisitions may not achieve their full intended benefits or may disrupt our plans and operations.
  • We depend on our teaming arrangements and relationships with other contractors and subcontractors. If we are not able to maintain these relationships, of if these parties fail to satisfy their obligations to us or the customer, our revenues, profitability and growth prospects could be adversely affected.
  • Risks Related to Estimates and Accounting
  • Our earnings and profitability may vary based on the mix of our contracts and may be adversely affected by our failure to accurately estimate and manage costs, time and resources.
  • We use estimates in recognizing revenues and, if we make changes to estimates used in recognizing revenues, our profitability may be adversely affected.
  • Goodwill and intangible assets represent a significant amount of our total assets and any impairment of these assets would negatively impact our results of operations.
  • Risks Related to Technology Systems
  • Systems that we develop, integrate, maintain, or otherwise support could experience security breaches which may damage our reputation with our clients and hinder future contract win rates.
  • Services we provide and technologies we develop are designed to detect and monitor threats to our clients, the failure of which may lead to reputational harm or liability against us by our clients or third parties and may subject our staff to potential threats, risk of loss or harm.
  • Internal system or service failures affecting us or our vendors, including as a result of cyber or other security threats, could disrupt our business and impair our ability to effectively provide our services to our clients, which could damage our reputation and have a material adverse effect on our business, financial condition and results of operations.
  • Risk Related to Legal Matters and Insurance
  • Unavailability or cancellation of third-party insurance coverage would increase our overall risk exposure as well as disrupt the management of our business operations.
  • Adverse judgments or settlements in legal disputes could result in materially adverse monetary damages or injunctive relief and damage our reputation.
  • Our services and operations sometimes involve handling or disposing of hazardous substances or dangerous materials, and we are subject to environmental requirements and risks which could result in significant costs, liabilities and obligations.
  • Our failure to meet contractual schedule requirements, meet a required performance standard, meet our internal contractual performance projections or otherwise perform adequately on a project could adversely affect our business, financial condition or results of operations.
  • Failure to adequately protect, maintain, or enforce our rights in our intellectual property may adversely limit our competitive position.
  • Assertions by third parties of infringement, misappropriation or other violations by us of their intellectual property rights could result in significant costs and substantially harm our business, financial condition and operation results.
  • Risks Related to International Operations
  • Our operations outside the United States expose us to legal, political and economic risks in different countries as well as currency exchange rate fluctuations that could harm our business and financial results.
  • We have operations in the Middle East, neighboring regions, and other regions across the globe, and these regions may experience turmoil, political upheaval or similar crises that may impact our current projects, future business and financial stability.
  • We operate in many different jurisdictions, and we could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act and similar worldwide anti-corruption laws.
  • Risks Related to Debt and Backlog
  • We may not realize the full value of our backlog, which may result in lower-than-expected revenue.
  • If we cannot collect our receivables or if payment is delayed, our business may be adversely affected by our inability to generate cash flow, provide working capital or continue our business operations.
  • The agreements governing our debt contain a number of restrictive covenants which may limit our ability to finance future operations, acquisitions or capital needs or engage in other business activities that may be in our interest.
  • The Parsons' ESOP is a qualified retirement plan under the Internal Revenue Code. If the ESOP failed to meet the requirements of a tax qualified retirement plan, we could be subject to substantial penalties.
  • Risks Related to our Employees
  • A failure to attract, train and retain skilled employees and our senior management team would adversely affect our ability to execute our strategy and may disrupt our operations.
  • We may lose one or more members of our senior management team or fail to develop new leaders, which could cause a disruption in the management of our business.
  • Negotiations with labor unions and possible work actions could divert management attention and disrupt operations. In addition, new collective bargaining agreements or amendments to existing agreements could increase our labor costs and operating expenses.
  • Many of our field project sites and facilities are inherently dangerous workplaces. Failure to manage our field project sites and facilities safely could result in environmental disasters, employee deaths or injuries, reduced profitability, the loss of projects or clients and possible exposure to litigation.
  • If we are unable to maintain effective internal control over financial reporting in the future, investors may lose confidence in the accuracy and completeness of our financial reports and the market price of our common stock may be negatively affected.
  • If our stock price fluctuates, you could lose a significant part of your investment.
  • Our operating results and share price may be volatile, and the market price of our common stock may drop.
  • Sales of outstanding shares of our common stock into the market in the future by the ESOP could cause the market price of our common stock to drop significantly.
  • Qualifying ESOP participants have the right to receive distributions of shares of our common stock from the ESOP and can sell such shares in the market.
  • The issuance of additional stock, not reserved for issuance under our equity incentive plans or otherwise, will dilute all other stockholdings.
  • Your ability to influence corporate matters may be limited because the ESOP beneficially owns a majority of our stock and therefore our ESOP participants, voting the shares allocated to them under the ESOP, or the ESOP Trustee, who will have the right to vote shares for which no voting instructions are provided by employees, could have substantial control over us.
  • Our ability to raise capital in the future may be limited, which could limit our business plan or adversely affect your investment.
  • Anti-takeover provisions in our organizational documents could delay a change in management and limit our share price.
  • Our certificate of incorporation provides that the Court of Chancery of the State of Delaware is the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
  • We have no current plans to declare dividends.
  • If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, our stock price and trading volume could decline.

Legal proceedings

Our performance under our contracts and our compliance with the terms of those contracts and applicable laws and regulations are subject to continuous audit, review and investigation by our customers, including the U.S. federal government. In addition, we are from time to time involved in legal proceedings and investigations arising in the ordinary course of business, including those relating to employment matters, relationships with clients and contractors, intellectual property disputes, environmental matters and other business matters. Although the outcome of any such matter is inherently uncertain and may be materially adverse, based on current information, except as noted below, we believe there are no pending lawsuits or claims that may have a material adverse effect on our business, financial condition or results of operations.

The opening of Item 3, Legal Proceedings.19

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
    SEC EDGAROther events
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61