Parsons

Parsons Awarded $91 Million Cyber Capabilities Contract

Retrieved on: 
Thursday, November 9, 2023

CHANTILLY, Va., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been selected by the United States Cyber Command (CYBERCOM) to provide services for the J9 PEO Cyber and Joint Cyber Warfighting Architecture Integration Office.

Key Points: 
  • CHANTILLY, Va., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been selected by the United States Cyber Command (CYBERCOM) to provide services for the J9 PEO Cyber and Joint Cyber Warfighting Architecture Integration Office.
  • The $91 million cost plus fixed-fee prime contract includes a 12-month base year and four 12-month option years including the Federal Acquisition Regulation (FAR) 52.217-8, Option to Extend Services, and is new work for the company.
  • “Under this contract, we are using Parsons’ operationally proven Digital Engineering Framework (PDEF) and Model-Based Systems Engineering to support the analysis, integration, development, and delivery of the Joint Cyber Warfighting Architecture, including software-enabled systems, sensors, and tools that span the full spectrum of cyber operations.
  • To unlock Parsons’ cyber capabilities, visit parsons.com/cyber/ .

Parsons’ Carey Smith Named Government Contracting Executive of the Year

Retrieved on: 
Friday, November 3, 2023

CHANTILLY, Va., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) Chair, President, and Chief Executive Officer, Carey Smith, was recognized as “Executive of the Year” this week at the 21st Annual Greater Washington Government Contractor Awards, where she won the “Executive of the Year, Over $300 Million” category.

Key Points: 
  • CHANTILLY, Va., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) Chair, President, and Chief Executive Officer, Carey Smith, was recognized as “Executive of the Year” this week at the 21st Annual Greater Washington Government Contractor Awards, where she won the “Executive of the Year, Over $300 Million” category.
  • “I’m honored to accept this award and share it with the more than 18,000 employees at Parsons,” said Smith.
  • “The leaders recognized with these awards represent the efforts of the talented workforces we have the privilege of leading every day.
  • Smith was recognized for being a leader who focuses on strategy, culture and people to deliver performance results.

Parsons Reports Strong Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023

CHANTILLY, Va., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Third quarter 2023 adjusted EBITDA including noncontrolling interests increased by $21 million, or 51%, compared to the prior year period.
  • Cash flow from operating activities: Third quarter 2023: $204 million compared to $123 million in the third quarter of 2022.
  • During the third quarter of 2023, the company won four single-award contracts worth more than $100 million each.
  • Parsons continues to build on its strong track record of acquiring strategic companies in high-growth markets that broaden its portfolio and customer footprint.

Parsons Leverages Technical Expertise to Transform Construction Supervision with AI and 360-degree Imagery

Retrieved on: 
Thursday, October 26, 2023

Working with SEKTOR.build , the company is leveraging the OpenSpace.ai platform for this initiative, combining the latest in technology with advanced construction supervision technologies to improve efficiency throughout the project lifecycle.

Key Points: 
  • Working with SEKTOR.build , the company is leveraging the OpenSpace.ai platform for this initiative, combining the latest in technology with advanced construction supervision technologies to improve efficiency throughout the project lifecycle.
  • With more than 30 deployments throughout the Middle East, Parsons continues to lead in the implementation of AI technology in the region.
  • “Artificial intelligence is leading a transformative revolution in the engineering sector,” said Pierre Santoni, president, Europe, Middle East, and Africa, for Parsons.
  • Parsons is continuing to evaluate and apply AI technologies across all projects, to usher in a new future for construction management.

Parsons Wins Position On $200M U.S. Army Corps of Engineers Environmental Contract

Retrieved on: 
Monday, October 23, 2023

CHANTILLY, Va., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a position on a $200 million indefinite-delivery, indefinite-quantity multiple award task order contract by the United States Army Corps of Engineers (USACE) Baltimore District.

Key Points: 
  • CHANTILLY, Va., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a position on a $200 million indefinite-delivery, indefinite-quantity multiple award task order contract by the United States Army Corps of Engineers (USACE) Baltimore District.
  • The five-year contract is for studies, investigations, and design work in support of the USACE environmental mission, including Per- and Polyfluoroalkyl Substances (PFAS) investigations at Department of Defense (DOD) sites, and represents new work for the company.
  • “Parsons is a trusted solutions provider for the most complex environmental challenges around the world,” said Jon Moretta, president, Engineered Systems, for Parsons.
  • To learn more about Parsons’ environmental solutions, visit Parsons.com/environmental/ .

Parsons Continues Supporting WMATA with $19 Million Task Order Extension

Retrieved on: 
Thursday, October 19, 2023

CHANTILLY, Va., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced a previously awarded $19M, two-year extension to a current contract with the Washington Metropolitan Area Transit Authority (Metro).

Key Points: 
  • CHANTILLY, Va., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced a previously awarded $19M, two-year extension to a current contract with the Washington Metropolitan Area Transit Authority (Metro).
  • The task order extension was awarded on July 28, 2023, and expires on May 23, 2025.
  • The award extends the company’s Radio Program Project Management and On‐Call Services task order under the Metro General Architectural and Engineering Consultant Services – Program Management, Construction Management, and Engineering Support Services Indefinite Delivery, Indefinite Quantity Contract.
  • “Our long-standing relationship with Metro dates back to 1966, when we served as the general engineering consultant for the Metrorail system.

Mind Your Money: 5 Tips From Pocket Money Card nimbl to Spot and Stop Online Fraud

Retrieved on: 
Monday, October 23, 2023

A resounding 90.92% of parents and carers using nimbl said that their children were aware of online scams.

Key Points: 
  • A resounding 90.92% of parents and carers using nimbl said that their children were aware of online scams.
  • Crucially, the NCA stipulates that 86% of fraud cases actually go under-reported, meaning that the scale of fraud is far greater.
  • “Knowledge and vigilance are key to outsmarting scammers and ensuring a safe digital experience,” says Alana Parsons, CEO of nimbl.
  • By being knowledgeable and taking charge, families can thwart attempts at online fraud and create a safer online environment for young people.

Parsons Strengthens Portfolio In Vital Indo-Pacific Region With Two Milestone Awards From U.S. Army

Retrieved on: 
Tuesday, October 17, 2023

“Parsons is a leader in providing the federal government with solutions to their most complex infrastructure and remediation challenges,” said Jon Moretta, president, Engineered Systems, for Parsons.

Key Points: 
  • “Parsons is a leader in providing the federal government with solutions to their most complex infrastructure and remediation challenges,” said Jon Moretta, president, Engineered Systems, for Parsons.
  • “Projects of this nature in the Indo-Pacific are uniquely complex due to the logistical and environmental challenges required to operate in the region.
  • These awards expand the company’s existing footprint in the Indo-Pacific (INDOPAC) region.
  • To learn more about Parsons’ environmental remediation and treatment solutions, visit Parsons.com/environmental/ .

Parsons Awarded $53M Defense Threat Reduction Agency Task Order For International Security Solutions

Retrieved on: 
Monday, October 9, 2023

CHANTILLY, Va., Oct. 09, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a task order by the Defense Threat Reduction Agency (DTRA) under the Assessment, Exercise, Modeling and Simulation, and Support (AEMSS) indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC).

Key Points: 
  • CHANTILLY, Va., Oct. 09, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a task order by the Defense Threat Reduction Agency (DTRA) under the Assessment, Exercise, Modeling and Simulation, and Support (AEMSS) indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC).
  • Under this task order, Parsons will provide training, equipment, and subsequent maintenance to DTRA.
  • “Through our global security solutions, we empower our customers to counter and mitigate vulnerabilities and threats,” said Jon Moretta, president, Engineered Systems, for Parsons.
  • This award is Parsons’ second task order under the AEMSS IDIQ MATOC and expands the company’s relationship with DTRA.

Ankona Capital Closes its Second Fund at $129 Million to Invest in High-Growth B2B SaaS Companies

Retrieved on: 
Wednesday, October 11, 2023

Ankona Capital has announced the final closing of its second fund with $129 million in total commitments, roughly doubling the size of its inaugural fund.

Key Points: 
  • Ankona Capital has announced the final closing of its second fund with $129 million in total commitments, roughly doubling the size of its inaugural fund.
  • The Ankona team will continue to focus its investments on early growth-stage business-to-business (B2B) software companies and to follow its proven strategy of helping companies reach scale and sustainability through smart, capital-efficient growth.
  • Ankona was founded in 2019 by a team of successful investors and software company founders who put into practice decades of lessons learned.
  • “This was tested immediately as we lost access to our capital during the bank run.