Parsons Corp

Parsons Corporation (NYSE: PSN) is a disruptive technology provider operating in the national security and global infrastructure markets. The company operates through two segments: Federal Solutions, which serves U.S. defense, intelligence, and space agencies with capabilities in cyber and electronic warfare, space and missile defense, and advanced AI; and Critical Infrastructure, which provides engineering, construction management, and environmental services for transportation, water, urban development, and critical infrastructure protection projects globally. Parsons holds significant positions in the Middle East infrastructure market and serves major U.S. government agencies including the Missile Defense Agency, U.S. Cyber Command, U.S. Naval Research Laboratory, and Air Force Research Laboratory. The company's technology portfolio spans deployable hardware and software solutions for cybersecurity (Joint Cyber Hunt Kit), missile defense systems engineering, and classified intelligence programs. Parsons generates approximately half its revenue from each segment and maintains a total backlog exceeding $9 billion. The company is actively reshaping its portfolio through divestitures of lower-margin programs and acquisitions including Applied Sciences, Altamira, and Chesapeake Technologies to strengthen its position in high-margin, technology-driven markets. Updated Jul 29, 2026