Parsons Corporation Website

Parsons Corporation

NYSE-PSN

Company Overview

Parsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. It operates through two segments, Federal Solutions and Critical Infrastructure. The company offers cyber security and intelligence services, as well as offensive and defensive cybersecurity platforms, tools, and operations to the U.S. Department of Defense and the United States intelligence community; space and geospatial solutions, such as geospatial intelligence, threat analytics, space situational awareness, small satellite launch and integration, satellite ground systems, fight dynamics, and command, and control solutions to the National Geospatial-Intelligence Agency, National Reconnaissance Office, and multiple units within the U.S. Department of Defense. It also provides missile defense and C5ISR solutions, such as integrated air and missile defense, data fusion and analytics, platform system integration, directed energy, joint all-domain operations, and command and control systems to Defense Intelligence Agency and the U.S. Department of Defense; technology services for energy production systems, aviation, healthcare and bio-surveillance systems, and environmental systems and associated infrastructure, as well as nuclear waste processing and treatment, weapons of mass destruction elimination, program and project management, infectious disease control analytics, and data protection solutions. In addition, the company offers intelligent transportation system management, aviation, rail and transit systems, smart cities software, and critical infrastructure cyber protection to the transportation authorities, rail, and transit entities; engineering services for infrastructure; and program management, and environmental solutions to private-sector industrial clients and public utilities. Parsons Corporation was founded in 1944 and is headquartered in Centreville, Virginia.

  • Name

    Parsons Corporation

  • CEO

    Carey A. Smith

  • Website

    www.parsons.com

  • Sector

    Professional Services

  • Year Founded

    1944

Company Statistics

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What's happening

Nov 13, 2025 - Dec 13, 2025

Parsons Corp Faces Significant Decline Amid Competitive Pressures

  • PSN's stock dropped 26.8% over the past month due to competitive setbacks and analyst downgrades.
  • The loss of a major contract to rival Peraton significantly impacted investor sentiment.
  • Despite securing new contracts, negative market reactions overshadowed these developments.

Over the past month, Parsons Corporation (PSN) experienced a substantial decline in stock performance, with an overall decrease of 26.8%. This downturn was primarily driven by critical events that negatively influenced market sentiment and investor confidence. On December 5th, PSN shares fell by over 25% following the announcement that competitor Peraton secured a significant air traffic control contract from the Federal Aviation Administration valued at approximately $32.5 billion. This unexpected loss severely affected Parsons' growth prospects and prompted multiple analysts to downgrade their outlook for the company.

The bearish trend persisted as analysts from Baird and Truist Securities lowered their price targets for PSN amid concerns regarding its future after losing key contracts. On December 8th alone, PSN experienced a notable drop of nearly 7%, reflecting increasing apprehension among investors about its competitive positioning within the industry. Analysts indicated a less favorable outlook for Parsons after these adjustments became public knowledge.

While there were some positive developments earlier in December—such as securing an $88 million contract to support U.S Air Forces operations—these gains were eclipsed by negative market reactions stemming from competitor advancements and analyst downgrades. For instance, news on December 10th highlighted new contracts aimed at boosting revenue potential but failed to reverse prevailing bearish sentiment caused by prior losses.

Macroeconomic factors also contributed to this situation; broader market trends reflected caution among investors across various sectors including Industrials where PSN operates. During this one-month period ending mid-December 2025, while the S&P 500 returned -0.2%, it is evident that PSN's underperformance was stark against general market conditions with an underperformance of -26.6% relative to the S&P index itself. Additionally, Parsons Corp underperformed against the Industrials (XLI) sector by -28.3%.

NYSE:PSN