Parsons Corporation PSN

PSN Company Overview

Parsons Corporation (NYSE: PSN) is a U.S.-based technology-focused defense, intelligence, and infrastructure engineering company that provides integrated solutions to government and commercial customers. The company operates primarily in the national security, cyber, transportation, environmental remediation, critical infrastructure, and smart mobility sectors. Parsons generates revenue through long-term government contracts, engineering and design services, digital systems integration, cybersecurity solutions, and infrastructure program management. Its customer base is concentrated in U.S. federal agencies, including the Department of Defense, intelligence community, Federal Aviation Administration, and transportation authorities, alongside select international government and infrastructure clients.

Parsons traces its origins to 1944 when engineer Ralph M. Parsons founded the company in California as an engineering and construction firm. Over time, the company expanded from industrial and infrastructure engineering into defense technologies, cybersecurity, missile defense, space systems, and critical infrastructure modernization. Following decades as a privately held company, Parsons completed its initial public offering in 2019. The company has increasingly positioned itself as a digitally enabled national security and infrastructure solutions provider, emphasizing cyber resilience, connected systems, and advanced engineering capabilities.