CHANTILLY, Va. (June 10, 2026) – Parsons Corporation (NYSE: PSN) has successfully demonstrated integrated counter-unmanned aircraft system (CUAS) capabilities, showcasing how the company delivers layered, scalable, AI-driven defense that enables autonomous detection, classification, prioritization, and mitigation against rapidly evolving and increasingly autonomous aerial threats across national security and critical infrastructure environments.

The recent demonstration highlighted Parsons’ approach to the strategic CUAS mission. The company’s fully integrated architecture connected sensing, command and control (C2), AI-enabled decision support, and kinetic response into a unified system to expedite the full kill chain from detection to mitigation. This integration enables earlier threat awareness, faster coordinated response, and more precise execution in complex, high-tempo environments. The full kill chain demonstration leveraged Parsons’ DroneArmor AI-enabled C2 fused data from HurleyIR electro-optic infrared (EO/IR) sensors and DroneShield’s electronic warfare sensor and commercial off the shelf (COTS) radars, and autonomously mitigated threats with Allen Control Systems’ Bullfrog, an autonomous remote weapon station capable of employing various kinetic effectors. The mission-relevant configuration validated the ability to execute the full counter-drone kill chain in an operational environment.

“Our customers need integrated, mission-ready systems that can be deployed rapidly and adapt as threats evolve, and we have proven through the recent demonstration that we are ready to deliver,” said Martin Boson, president of Engineered Systems for Parsons. “Parsons provides that integration at scale and with speed, connecting sensors, decision makers, and response options into a unified architecture that drives faster awareness and coordinated response. Our AI-enabled capabilities accelerate detection, classification, and decision support, allowing operators to respond at machine speed with greater precision. Whether protecting national security or critical infrastructure, securing borders, supporting defense operations, or strengthening mission assurance, we enable customers to reduce operational risk and maintain continuity across complex and rapidly changing threat environments.”

In addition to our DroneArmor integrated CUAS solution, Parsons has unique expertise in non-kinetic effects (NKE) to detect, disrupt, and mitigate a variety of drone or missile threats. This capability is embedded within Parsons’ integrated defense approach, where CUAS solutions are delivered through a broader C5ISR portfolio that combines sensing, C2, cyber, and electronic warfare into a unified operational architecture. This architecture enables autonomous and semi-autonomous workflows across sensing, threat assessment, battle management, and coordinated effects, allowing operators to maintain the decision advantage in contested environments. The company delivers layered CUAS and counter-C5ISR protection for operators and mission-critical systems that sustain air, land, sea, space, and energy operations. By integrating detection, C2, and response options into a unified framework, Parsons shortens the time from threat detection to action while improving multi-domain awareness. This approach enables defense, homeland security, and civil stakeholders to deploy what they need and scale as threats evolve, with solutions ranging from single-site protection to regional, theater, and homeland defense architectures.

The company’s integrated CUAS architecture is further supported by Parsons’ TAK-X, which enables shared geospatial awareness for real-time coordination across agencies and mission partners, and Parsons’ Intelligent NETworks^® (iNET^®) Smart Mobility Platform which provides secure, resilient communications across distributed operations. Together, these systems translate multi-domain sensor data into coordinated, AI-enabled action at machine speed, improving decision superiority and enabling operators to respond faster than evolving threats. The solution reflects Parsons’ unique ability to leverage innovative capabilities from across its segments and acquisitions to deliver best-in-class integrated solutions for its global customer base. The TAK-X technology resulted from the company’s acquisition of Chesapeake International Technology (CTI) which falls into its Federal segment, while Parsons’ iNET^® technology, an award-winning traffic management solution from its critical infrastructure segment, is deployed to transportation agencies globally to improve safety, reliability, and system performance by unifying data, analytics, and decision support into a single operational environment, enabled by AI/ML.

Parsons’ other industry-leading CUAS solutions include detection and tracking capabilities such as BlueFly® for RF-based detection and early warning and SmartCam3D for EO/IR visualization and advanced analytics. The company’s vendor-agnostic approach enables rapid integration of best-in-class capabilities without vendor lock-in, allowing customers to adapt and scale as mission requirements evolve. This approach is complemented by proprietary capabilities such as TReX® for flexible land or afloat defeat and deception and ZEUS® for directed energy precision engagement. Parsons’ open architecture enables customers to integrate and evolve capabilities as threats and mission requirements change.

The company accelerates development and deployment of these capabilities through operational environments such as the Parsons CUAS Center of Excellence in Summit Point, West Virginia, and the United States Air Force (USAF) Ramstein Air Defense Systems Integration Laboratory (RADSIL) in Germany. In these environments, systems are rapidly prototyped, integrated, and validated in mission-relevant conditions, helping meet the Department of War’s (DoW) emphasis on speed of procurement and need for faster, more flexible approaches for acquiring software, digital systems, and emerging technologies.

As part of Parsons’ larger suite of CUAS capabilities, the company has also led the maturation of an all-domain system comprised of commercial and government off-the-shelf technologies, utilizing an integrated design, to protect existing and future air bases. Parsons focuses on every aspect of the all-domain battlespace, including space operations, edge computing, full-spectrum cyber, and ground-based command and control systems for defeating non-kinetic threats.

In addition, Parsons provides systems of systems engineering, integration, and testing of potential architecture concepts to counter missile threats to the U.S. Homeland, our allies, and deployed forces. The company supports the design, development, integration, testing, and assessment of the components and architectures to ensure the warfighters have an integrated, layered sensing, command and control, and engagement capability to counter threats of all ranges in all phases of flight.

Parsons aligns technology capabilities with operational requirements across a range of missions, from protecting the homeland, critical infrastructure and major public events to enabling secure diplomatic operations and supporting mission assurance for national security and defense missions. This approach improves shared awareness, accelerates coordinated response, and reduces operational friction across agencies and partners, while preparing customers to address increasingly autonomous and swarming threats in future operational environments.

To learn more about Parsons’ global CUAS solutions, visit parsons.com/cuas/.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Forward-Looking Statements:This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.

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Key Takeaways

• Parsons Corporation secured a $73 million contract for the Air Force Research Laboratory’s GARDEM mission, totaling $218 million in 2026.
• The contract expands Parsons’ responsibilities for research, development, and operations, focusing on GARDEM 2 enterprise platform software.
• Parsons will migrate capabilities to its Lightweight Application Management Platform (LAMP) to support faster global mission deployment.
• The company’s technical approach emphasizes technology reuse and integration, leading to lower ownership costs for the government.
• Parsons continues to grow its portfolio in AI, data, software, and mission engineering, enhancing support for America’s warfighters.

CHANTILLY, Va. (June 9, 2026) – Parsons Corporation (NYSE: PSN), today announced it has secured an additional $73 million contract in support of the Air Force Research Laboratory’s (AFRL) Global Application Research, Development, Engineering and Maintenance (GARDEM) mission. The contract is the fourth in support of GARDEM in 2026, bringing Parsons’ total awards to $218 million and reinforcing the company’s role as a provider of mission-critical digital and data-centric capabilities for the U.S. Air Force.

The latest award expands Parsons’ responsibilities for research and development and operations and maintenance (O&M) across GARDEM 2 enterprise platform and mission application software baselines, including Platform and Mission Application support for field sites and existing installations. Parsons will also lead the migration of capabilities to its Lightweight Application Management Platform (LAMP), a lean, scalable environment designed to accelerate global mission deployment while reducing lifecycle cost.

“Securing our fourth GARDEM award this year is a powerful validation of Parsons’ ability to deliver mission‑ready digital platforms that scale with our customers’ needs,” said Mike Kushin, President of Defense and Intelligence for Parsons. “By intentionally designing GARDEM 2 for reuse, integration, and rapid adaptation, we will enable AFRL and the Air Force to deploy advanced data‑driven capabilities faster, at lower cost, and with greater operational impact across complex operational environments and all domains.”

Parsons’ technical approach emphasizes technology reuse and deep integration across all GARDEM 2 awards, allowing rapid capability updates while lowering total ownership cost for the government. One of the key strengths of our approach is the utilization of C2Core components in our GARDEM Platform LAMP. Coupling with this operational system creates integration points and a streamlined support structure, allowing for cross-training and surge support between all customers on the GARDEM 2 efforts. This ensures mission systems can evolve at the operational speed of need, while remaining resilient, secure, and cost‑effective.

The GARDEM awards build on Parsons’ growing portfolio of artificial intelligence, data, software, cyber, and mission engineering all-domain solutions supporting America’s warfighters. The company’s integrated platform strategy, combining modern software practices, proven C2Core components, modular data layers, and proven mission knowledge, continues to drive long‑term program scalability.

To learn more about Parsons’ all-domain solutions, visit Parsons.com/all-domain-solutions/.

About Parsons:

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Forward-Looking Statements:

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law. 

The post Parsons Secures A Total Of $218 Million On AFRL GARDEM Contracts appeared first on Parsons Corporation.

CHANTILLY, Va. (June 8, 2026) – Parsons Corporation (NYSE: PSN) joined the Connecticut Department of Transportation (CTDOT), federal partners, and community leaders on April 27, 2026, to mark the groundbreaking of the I-91/I-691/Route 15 Interchange Improvements Project in Meriden, Connecticut.

Parsons is serving as the engineer of record and the prime design consultant, providing comprehensive engineering services from final design through design services during construction support. The company is working closely with CTDOT and project partners to ensure design integrity, efficient issue resolution, and alignment with rigorous safety, quality, and performance standards by applying its global infrastructure design and program management expertise.

“This project is a critical investment in strengthening one of Connecticut’s most critical transportation corridors,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “By advancing a phased, programmatic approach, we are helping deliver meaningful improvements to safety, mobility, and reliability while minimizing disruption to the traveling public. Parsons is proud to partner with CTDOT to bring innovative, high-quality solutions that will serve the region for decades to come.”

The approximately $721 million, three-phase program represents a major infrastructure investment to improve mobility, enhance safety, and strengthen long-term reliability along the I-91 transportation corridor. Serving as a key link in the Northeast regional network, the interchange supports the movement of people and goods across major interstate routes. Once complete, it will reduce congestion, improve safety by addressing traffic weaving and merging conditions, and enhance reliability for commuters, freight, and local communities.

Parsons has decades of experience designing, delivering, and protecting the infrastructure that connects our communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways. Our experience includes more than 10,000 miles of roadways, 4,500 bridges, and more than 50 advanced traffic management system deployments that help cities and states improve safety and travel efficiency while also reducing emissions and energy costs to enhance the quality of life in the communities we serve.

To learn more about Parsons’ road and highway expertise, visit www.Parsons.com/road-highway/.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

The post Parsons Marks Groundbreaking Of Major Interchange Improvements Project In Connecticut appeared first on Parsons Corporation.

CHANTILLY, Va. (June 4, 2026) – Parsons Corporation (NYSE: PSN) today spotlighted its expanding suite of artificial intelligence (AI) capabilities that are accelerating mission outcomes and driving growth across its Federal Solutions and Critical Infrastructure segments. With decades of digital innovation and engineering expertise, the company is realizing returns from AI investments while positioning itself for sustained expansion across the global national security, cyber, space, and infrastructure markets. Parsons’ embedded AI strategy is integrated directly into customer solutions and is a core competitive differentiator.

“AI is a critical enabler of how we deliver mission outcomes. Eight of our last ten $100M+ wins included a critical AI differentiator,” said Carey Smith, chair, president, and chief executive officer of Parsons. “From autonomous cyber and counter‑UAS detection to predictive modeling for transportation networks and major infrastructure programs, we’re integrating AI directly into mission‑critical operations, accelerating customer outcomes, strengthening our competitive position, and expanding our addressable market.”

The company’s approach leverages AI to automate complex processes, analyze critical data, and enable predictive modeling across project management, technology development, business capture, and resource allocation. This integrated model ensures the company is delivering AI‑empowered solutions from the lab to the mission at scale; helping customers solve emerging challenges with greater speed and efficiency while strengthening Parsons’ competitive advantage.

Across its Federal Solutions business, Parsons applies AI to accelerate real‑time decision‑making, enhance all‑domain situational awareness, and strengthen threat detection and response. The company’s leadership in modernizing defense acquisition is reinforced by its PALADIN Lab, Parsons’ innovation hub at Aberdeen Proving Ground, Maryland. The lab provides a secure environment for government, industry, and academia to collaborate on emerging hardware, algorithms, and software within existing architectures. This approach aligns with evolving acquisition priorities that emphasize rapid prototyping, continuous delivery, modularity, and the integration of commercial and non-traditional technologies.

At the PALADIN Lab’s recent AI Summit, Parsons and several commercial partners demonstrated emerging capabilities in advanced ISR, Edge AI, spectrum dominance, and space situational awareness. Parsons supplied the mission context and systems integration expertise that transformed commercial technologies into deployable, defense‑ready solutions. The event, part of the company’s ongoing Tech Demo Series, accelerated adoption pathways for AI‑enabled capabilities across the C5ISR community.

“As demand continues to rise across national security and critical infrastructure, our AI capabilities position us to capture new opportunities and deliver sustained value for our shareholders,” added Smith.

Within its Critical Infrastructure segment, Parsons deploys AI to improve project planning and execution, enable predictive maintenance, and optimize resource allocation for major infrastructure programs. The company’s AI‑enabled iNET smart mobility platform, which has been deployed more than 40 times globally, uses predictive analytics to enhance pedestrian safety, reduce vehicle collisions, and optimize traffic flow. Parsons also applies AI to construction supervision, scheduling, and logistics, such as its AI‑powered site intelligence systems on the Abu Dhabi Bridge Inspection Program that enable virtual inspections and creates a searchable digital record of asset conditions.

To learn more about Parsons’ AI capabilities, visit www.parsons.com/ai.

About Parsons:

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Forward-Looking Statements:

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.

The post Parsons Accelerates Mission Success With Advanced AI appeared first on Parsons Corporation.

Under the five-year task order, Parsons will deliver functional onsite training, demonstrations, system enhancements, modifications, integration, testing, deployments, and lifecycle maintenance in support of GARDEM 2 software baselines. These efforts will directly enable the rapid maturation, evaluation, and operational deployment of advanced technologies and concepts critical to Air Force mission execution. The company has supported the GARDEM mission since 2019.

“This award highlights the Air Force’s continued confidence in Parsons’ ability to take emerging technologies from concept to operational reality,” said Mike Kushin, President of Defense and Intelligence for Parsons. “Our teams bring a rare combination of deep mission understanding, software engineering excellence, and field-tested execution that allows us to rapidly integrate, test, and deploy capabilities at the speed of combat where and when they are needed most.”

The GARDEM 2 program plays a central role in accelerating innovation by bridging research, development, engineering, and sustainment activities across operational environments. Parsons’ approach ensures solutions are not only technically sound but also aligned with real-world mission demands and warfighter requirements, improving speed to capability and operational effectiveness for America’s fighting force.

This latest award builds on Parsons’ strong operational history of supporting Air Force and national security customers with agile, scalable solutions spanning cyber, electronic warfare, space, and advanced software systems.

To learn more about Parsons’ all-domain solutions, visit Parsons.com/all-domain-solutions/.

About Parsons:

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Forward-Looking Statements:

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.

The post Parsons Secures $28 Million U.S. Air Force Task Order Supporting AFRL’s GARDEM Mission appeared first on Parsons Corporation.

CHANTILLY, Va. (June 1, 2026) – Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $99 million single-award task order to provide research, development, engineering, prototyping, integration, testing, and demonstration of technologies in support of Global Application Research, Development, Engineering and Maintenance 2 (GARDEM 2) Command and Control, Space and Intelligence, Surveillance & Reconnaissance (C2-SpISR) software baselines. The award from the U.S. Air Force Research Laboratory (AFRL) includes a five-year plus two-month performance period and expands Parsons’ leadership in delivering advanced software solutions across the all-domain battlespace.

The task order, awarded under the ALLIANT 2 multiple award schedule, is a follow-on to the current GARDEM contract. Under the task order, Parsons will continue to develop, integrate, test, demonstrate, and sustain innovative C2SpISR technologies like the company’s C2Core Air, C2Core NetOps, National Tactical Data Manager, and Integrated Solutions to Situational Awareness. These capabilities enhance AFRL’s ability to deliver next-generation software baselines and prototypes that support the U.S. Air Force, the Department of War, the Intelligence Community, and other federal agency end users.  This award continues support for the C2Core Air capability developed by AFRL and Parsons, with deployments across all Air Operations Centers (AOCs), for the next five years.

“Parsons advances the U.S. Air Force mission by integrating technologies, transforming data, and delivering modernized C2 and space‑based ISR capabilities with speed and precision,” said Mike Kushin, president, Defense and Intelligence for Parsons. “As threats evolve, maintaining ISR dominance demands continuous innovation and modernization. That’s the work our team leads, and we are proud to expand our long‑standing support to the Air Force Research Laboratory, strengthening their efforts to deliver the next generation of warfighting technologies.”

Parsons is an agile, rapid developer of transformative solutions that strengthen national security and deliver mission-ready capabilities at the speed of relevance. It has supported the Department of the Air Force for decades with expertise spanning space operations, full-spectrum cyber operations, network modernization, edge computing, and next-generation command and control. The company has been a mission partner to AFRL for over 25 years, delivering research, development, integration, and sustainment capabilities that enable rapid decision-making and multi-domain operational effectiveness.

To learn more about Parsons’ all-domain solutions, visit /all-domain-solutions/.

About Parsons:

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Forward-Looking Statements:

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.

The post Parsons Advances U.S. Air Force Innovation With $99 Million Task Order appeared first on Parsons Corporation.

CHANTILLY, Va. (May 19, 2026) Parsons Corporation (NYSE: PSN) announced today that the Los Angeles County Transportation Authority (Metro) has opened the D Line Subway Extension Section 1 project. The D Line Extension project is being built in three sections and will ultimately extend the transit system westward for about nine miles under Wilshire Boulevard. Section 1 includes the design and construction of 3.9 miles of subway from the current terminus at Wilshire/Western in the city of Los Angeles to the city of Beverly Hills with three new underground stations at La Brea, Fairfax, and La Cienega. Parsons served as lead designer for Section 1 and performed design management and final design.

“We are excited to see this extension of the D Line begin service for the community,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “This subway extension will improve commuter access for nearby neighborhoods and open access to cultural and art locations that had been previously limited. It is always rewarding to see such critical infrastructure come to life and serve communities for decades to come.”

This segment, along with future sections, will provide safe and sustainable solutions that reduce traffic congestion, improve air quality, and ease travel for commuters between Los Angeles and Beverly Hills. Section 1 of the D Line Subway Extension also opens accessibility to significant cultural and art institutions such as the Los Angeles County Museum of Art (LACMA), the Petersen Automotive Museum, and the Academy Museum of Motion Pictures. During the development of the station and streetscape designs, Parsons worked closely with Metro, City of Los Angeles, City of Beverly Hills, and stakeholders to provide station designs that would complement and enhance the corridor’s existing features. 

Parsons has decades of experience designing, delivering, and protecting the infrastructure that connects our communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways. Our experience includes more than 10,000 miles of roadways, 4,500 bridges, over 450 rail and transit projects, and more than 50 advanced traffic management system deployments that help cities and states improve safety and travel efficiency while also reducing emissions and energy costs to enhance the quality of life in the communities we serve.

To learn more about Parsons’ rail and transit expertise, visit parsons.com/rail-transit/.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.comand follow us on LinkedIn to learn how we’re making an impact.

The post Parsons Celebrates The Opening Of D Line Subway Extension Section 1 appeared first on Parsons Corporation.

Under the contract, Parsons will compete for task orders to deliver architect-engineer services supporting a range of infrastructure needs at Hill AFB. The scope of work includes the design, alteration, and repair of airfields, grounds, roads, buildings, structures, and utilities, as well as feasibility and traffic studies and cybersecurity-related design services that support secure, resilient installation operations.

“This award reflects the Air Force’s continued trust in Parsons’ ability to support complex, mission-critical infrastructure programs through disciplined design and engineering services,” said Martin Boson, president, Engineered Systems for Parsons. “By combining multidisciplinary engineering expertise with an agile delivery mindset, we look forward to supporting the 75th Civil Engineer Group in maintaining and modernizing facilities that are essential to mission readiness for the Department of War.”

Parsons has an extensive history of supporting the Air Force through architect-engineer and infrastructure services that enable installation modernization and sustainment. The company provides disciplined planning, design, and engineering expertise to support operations, facilities sustainment, and utility systems critical to mission execution. By aligning technical design excellence with installation priorities, Parsons helps the USAF modernize infrastructure while maintaining operational continuity. Beyond infrastructure solutions, the company provides all-domain support to the Air Force with agile, scalable solutions spanning cyber, electronic warfare, space, and advanced technology systems.

To learn more about Parsons’ federal infrastructure solutions, visit parsons.com/federal-infrastructure/.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Forward-Looking Statements:

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

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The presentation will be available live via webcast on the investor relations section of Parsons’ website (https://investors.parsons.com). A replay of the webcast will be available on the website following the presentation for 30 days.

About Parsons Corporation

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

The post Parsons To Present At The Bank Of America 2026 Industrials, Transportation & Airlines Key Leaders Conference appeared first on Parsons Corporation.

Under the exercised option, Parsons will continue supporting DTRA’s Nuclear Enterprise Mission Assurance (NE‑MA) Department through vulnerability assessments, technical support projects, design review and operational support, and strategic mission analyses aligned with Department of War priorities. This work enhances resilience, ensures mission assurance, and promotes operational readiness throughout vital nuclear enterprise programs, while also reinforcing national and global security initiatives within the DTRA Nuclear Enterprise Directorate.

“This award reflects DTRA’s continued confidence in Parsons as a trusted mission partner,” said Martin Boson, president of Engineered Systems at Parsons. “By delivering integrated capabilities, disciplined execution, and a strong focus on mission outcomes, our team will continue to advance DTRA’s efforts to address complex challenges and sustain operational readiness across critical programs that provide a safe, secure, reliable, and effective strategic deterrent.”

Parsons is an agile, rapid developer of transformative solutions that strengthen the nation’s security and deliver mission-ready capabilities at the speed of relevance. For over two decades, the company has supported DTRA’s Cooperative Threat Reduction and Nuclear Enterprise Directorates across a range of global programs addressing chemical weapons, strategic offensive arms, nuclear security, and the prevention of weapons of mass destruction proliferation.

The company combines deep domain expertise and cross-disciplinary capabilities through a One Parsons approach to support customer objectives and address complex national security challenges across all domains.

To learn more about Parsons’ global security and mission solutions, visit parsons.com/security-and-mission-solutions/.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends, and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results, and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results, or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local, or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations, and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations, or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train, or retain employees with the requisite skills, experience, and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews, and investigations, which may result in materially adverse judgments, settlements, or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

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