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CENTREVILLE, Va., June 02, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, Chairwoman, President, and Chief Executive Officer, and Matt Ofilos, Executive Vice President of Finance, will present at the Stifel 2022 Cross Sector Insight Conference on ...
CENTREVILLE, Va., June 01, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it completed the previously communicated acquisition of Xator Corporation in a deal valued at $400 million. The strategic acquisition expands Parsons’ presence within the U.S. Spec...
Parsons will acquire mission-focused solutions provider Xator Corporation in a ~$400m deal. The relatively undemanding transaction multiple highlights management's M&A discipline and should support a favorable financial outcome. The deal also offers an expanded customer base a...
Parsons has seen lackluster operating performance in 2020 and 2021. The prospects have improved following recent geopolitical tension, but this still has to materialize in the actual results and backlog. Bolt-on dealmaking continues, overshadowed by modest operating performance, a...
BWX Technologies has done well in recent months, especially considering the uncertainty of the broader market. Sales continue to climb, but profitability looks to be under pressure, with only EBITDA likely to rise this year. Though still a healthy business, much of the value that ...
Parsons (NYSE:PSN) has been awarded a contract to provide AI-based regional border transportation management system to the Niagara International Transportation Technology Coalition (NITTEC). The contract includes the design, development, implementation, and maintenance of a multi-agency, inte...
CENTREVILLE, Va., May 26, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the Niagara International Transportation Technology Coalition (NITTEC) to provide an innovative artificial intelligence (AI) based regional border transportati...
Parsons (NYSE:PSN) has agreed to acquire Xator in a deal worth $343M, expanding its customer base and adding differentiated technical capabilities. The transaction value includes a $57M related tax benefit. Xator is expected to generate around $300M in revenue for 2023, contributing to Parson...
CENTREVILLE, Va,, May 23, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire Xator Corporation in a transaction valued at $400 million. Founded in 2005, Xator expands Parsons’ customer base and brings dif...
CENTREVILLE, Va., May 18, 2022 (GLOBE NEWSWIRE) -- As innovation continues accelerating Parsons Corporation’s (NYSE: PSN) growth, the company today unveiled a new, central approach that unifies its digital organization and moves to a new delivery model that reinforces a data-driven f...
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CHANTILLY, Va., July 30, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire BlackSignal Technologies, LLC, a Razor’s Edge portfolio company, in an accretive deal valued at $200 million. Parsons anticipates that...
CHANTILLY, Va., July 29, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company will serve as lead designer and a subconsultant to Elevate Inglewood Partners (“EIP”), a public-private partnership consortium comprised of Plenary Americas US Holdings...
CHANTILLY, Va., July 26, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company, in a joint venture with Vanir , was selected by the Sacramento County Department of Airports to provide construction management and inspection (CMI) services in support of the S...