Parsons Corporation

What Parsons Corporation does

Parsons Corporation is a U.S.-headquartered, publicly traded engineering, construction, technical, and management services firm founded in 1944 and listed on the NYSE under ticker PSN since 2019. The company is organized into two segments — Federal Solutions and Critical Infrastructure — serving the U.S. Department of Defense, the intelligence community, civilian federal agencies, state and local governments, and international clients (notably in Saudi Arabia, the UAE, and Qatar under programs such as NEOM and Saudi Vision 2030).

Parsons operates through a portfolio of more than 50 proprietary products grouped around Command and Control (C2Core, DaVinci, Foundation), C5ISR and Electronic Warfare (DroneArmor, TReX, Merlin, ZEUS), Data Processing and Analytics, Smart Infrastructure (iNET, Cyberzcape, SigmaFlow, DERMS), and Space Operations (Ace CtrlPoint, SPARTAN, OrbitXchange, TraCSS). Recent launches add edge-native generative AI (Zepharis AI, a RAG-enabled LLM for air-gapped environments) and AI-driven counter-UAS autonomy. The company backs these products with the PALADIN Lab integration facility and a digital partner network spanning Microsoft, AWS, NVIDIA, Bentley, ESRI, Autodesk, NetApp, Dell, and Cubic.

The business model is anchored in long-cycle government contracting: revenue is generated through IDIQ/GWAC vehicles (Alliant 2, OASIS, ASTRO), individual task orders, and joint ventures; pricing is governed by federal contract types (fixed-price, cost-reimbursable, time-and-materials); and bookings convert into multi-year revenue via a $9.3B backlog. Parsons supplements organic growth with a serial M&A program (Altamira $375M in 2026, BCC Engineering $230M in 2024, SealingTech $175M in 2023, Xator $400M in 2022, BlackHorse Solutions $203M in 2021) funded in part by a $700M convertible note offering in 2024. FY2025 revenue was $6.4B with a record Q1 2026 adjusted EBITDA margin of 10.1%.

Name

Parsons Corporation

Legal name

Parsons Corporation

Website

https://parsons.com

Company type

Public

Founded year

1944

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Parsons Corporation is a publicly traded engineering and technology firm that delivers federal defense, intelligence, and critical infrastructure programs — including cyber, electronic warfare, C5ISR, transportation, and water/environmental projects — to U.S. and allied government customers through IDIQ contracts and a 50+ product portfolio.

Ownership category

akta.pro rank

Product category

Defense and Infrastructure Engineering Services

NAICS

Computer Systems Design and Related Services (54151), Electronic and Precision Equipment Repair and Maintenance (811210)

SIC

Services-Engineering, Accounting, Research, Management (8700), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Systems Engineering & Technical Program Management (BPAHAIAI)

akta.pro secondary industries

Instrumentation, Controls & Automation (DCS/PLC/SCADA, SIS, Metering) (EUAEAFAC), Maintenance & Reliability (RCM, Work Management, Spares) (EUANALAH), Digital Experience Monitoring & Management (DEX/DEM, AIOps for EUC) (BPAEAIAF)

Keywords

• Defense engineering services
• Critical infrastructure solutions
• National security consulting
• Transportation program management
• Cyber electronic warfare

Headquarters

HQ city

Pasadena

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Federal Solutions: Provides cybersecurity, digital operations, AI/ML, military operations, missile defense, C5ISR, and space solutions to U.S. federal government customers including DoD, intelligence community, and civilian agencies. Revenue derived from IDIQ contracts, task orders, and classified programs.
2. Critical Infrastructure: Delivers transportation (bridges, highways, rail, transit), water/wastewater, environmental, and urban development projects to state/local governments and international clients. Revenue is project-based with long-cycle programs spanning multiple years.
3. Government Contract Revenue: Parsons generates revenue primarily through federal government contracts (Defense and Intelligence segments) and critical infrastructure projects. FY2025 revenue was $6.4 billion with Q1 2026 revenue of $1.49 billion. The company maintains a record backlog of $9.3 billion.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Parsons Corporation delivers integrated engineering, program management, and technical services across two reportable segments: Federal Solutions (covering cybersecurity, electronic warfare, missile defense, C5ISR, space operations, and AI/ML for U.S. defense and intelligence customers) and Critical Infrastructure (covering transportation, water/wastewater, environmental remediation, energy, and urban development for state, local, and international government clients). The company complements these services with a portfolio of proprietary technology products such as C2Core (command and control), DroneArmor (counter-UAS), iNET (traffic management), TReX (electronic warfare emulator), and Zepharis (edge AI).

Product overview

Parsons Corporation offers a diversified portfolio of technology products and solutions organized into five main categories: Command and Control (including C2Core, DaVinci, and Foundation), Data Processing and Analytics, C5ISR and Electronic Warfare (including DroneArmor, TReX, Merlin, TEMS, and ZEUS laser system), Smart Infrastructure (including iNET, Cyberzcape, SigmaFlow, and DERMS), and Space Operations (including Ace CtrlPoint, OrbitXchange, SPARTAN antenna, and TraCSS). The company also operates the PALADIN Lab as an open innovation platform. Products range from core platforms to specialized modules and sub-brands like Zepharis (edge AI suite from subsidiary SealingTech). The portfolio serves national security, critical infrastructure, and global infrastructure markets through integrated, mission-ready technologies.

Differentiator

Problem solved

Functional benefit

Brands

• DroneArmor: Counter-unmanned aircraft systems (CUAS) solution for security of personnel, bases, and assets from drone threats
• C2Core
• iNET
• Cyberzcape
• PALADIN Lab
• SigmaFlow
• Zepharis
• SPARTAN
• TReX
• TAKaaS
• Ace CtrlPoint
• Foundation
• Parsons X

Products and services

• DroneArmor Counter-unmanned aircraft systems (CUAS) solution providing security of personnel, bases, and assets from drone threats through integrated sensing, command and control, and kinetic response capabilities. Sold to defense and federal security customers.
• C2Core Distributed command and control solution combining the JADC2 capability suite of command and control tools built by operators for operators, used across multiple domains. Sold to U.S. military and defense agencies.
• iNET Advanced Traffic Management System (ATMS) and Smart Mobility/V2X platform that improves management, efficiency, and safety of transportation networks including freeways, highways, toll roads, transit routes, and tunnels. Sold to state DOTs and transportation authorities.
• Cyberzcape Advanced Critical Infrastructure Protection (CIP) solution providing protection of critical infrastructure assets. Sold to utilities and infrastructure operators.
• Cyber Fly-Away Kits (C-FLAK) Custom, portable cyber security kits providing everything a cyber defender needs to achieve mission success. Sold to military and intelligence community cyber operators.
• TReX SIGINT and Electronic Warfare Channel Emulator (Threat Representative Environment) for experimenting, training, and planning next-generation signals intelligence. Sold to military electronic warfare training programs.
• SPARTAN Hybrid satellite ground antenna combining traditional parabolic dishes with phased-array feeds to support multiple satellites and increase ground station capacity for military and commercial markets.
• Ace CtrlPoint Automated space vehicle and ground station command and control (C2) application for satellite operations. Sold to space operations customers including NOAA and DoD.
• Foundation Cloud-native data integration platform built to address the complexities of government operations for the Department of War (DoD). Sold to defense and federal civilian agencies.
• DaVinci Mission Command planning and execution framework providing data infrastructure and analytics visualization for major combat operations. Sold to U.S. military command customers.
• Merlin Spectrum battlespace software for multi-domain operations designed to empower military and defense operations with situational awareness and decision support.
• Ares Biometric identity solutions software designed for defense and law enforcement, ensuring seamless biometric data management.
• Javelin Lightweight, modular mobile biometric collection hardware capable of capturing multi-modal biometrics. Sold to defense and law enforcement agencies.
• SigmaFlow Comprehensive NERC compliance software platform for the electric utility sector supporting NERC CIP compliance. Sold to electric utilities.
• APS Assured Positioning System (APNT) providing location/navigation information in environments where GPS is unavailable or unreliable. Sold to military and transportation agencies.
• DERMS Distributed Energy Resource Management System designed to tackle grid resilience challenges for utilities. Sold to electric utility operators.
• Replicant Digital twin simulation platform designed to model and test complex systems across air, space, sea, and land domains.
• ZEUS Directed-Energy and Laser Weapon System, the first approved ground-based directed-energy weapon (DEW) system. Sold to U.S. military customers.
• LandForm X Carry-on, ISR mission management system designed for airborne law enforcement, search and rescue, and related operations.
• TAKaaS TAK Integration, Training, and Support service harnessing the full potential of the TAK (Tactical Assault Kit/Team Awareness Kit) ecosystem for mission success.
• Intellisight Spectral imaging technology enabling automated detection of humans and surface swimmers. Sold to defense, border security, and maritime agencies.
• TEMS Tactical Edge Electro-Magnetic Sensor providing real-time situational awareness as a plugin for Android Team Awareness Kit (ATAK).
• TraCSS Space Traffic Management solution advancing space situational awareness (SSA) for the NOAA Office of Space Commerce through the TraCSS program.
• OrbitXchange Resilient satellite communication solutions provided through commercial partnerships and proven product expertise.
• Zepharis Software Suite Edge computing software suite for air-gapped environments, featuring AI assistance (Zepharis AI using LLM + RAG) and automated infrastructure deployment (Zepharis Kit Deployer). Sold to defense and federal customers via subsidiary SealingTech.
• Federal Solutions Services Provides cybersecurity, digital operations, AI/ML, military operations, missile defense, C5ISR, and space solutions to U.S. federal government customers including DoD, intelligence community, and civilian agencies under IDIQ contracts, task orders, and classified programs.
• Critical Infrastructure Services Delivers transportation (bridges, highways, rail, transit), water/wastewater, environmental, and urban development projects to state/local governments and international clients. Revenue is project-based with long-cycle programs spanning multiple years.

Quantifiable outcome

• Record Q1 2026 adjusted EBITDA of $151M with 10.1% margin (50 bps expansion)
• +4 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability12 records

Feature12 records

Partnerships

17 partnerships are on record, tiered core, strategic and flagship.

• DroneShieldcoreTechnology or Integration · 17 June 2026Partnership agreement signed at Eurosatory 2026 extending counter-UAS capabilities into mobile applications. Companies participated in demonstration showcasing interoperable detection, tracking, and mitigation technologies within Parsons' DroneArmor command-and-control environment.
• EVERYWHERE CommunicationscoreStrategic or Co-development Partner · 4 May 2026Strategic partnership under Small Business Innovation Research (SBIR) initiative to advance autonomous beyond-line-of-sight drone operations. Collaboration introduces resilient data transport layer utilizing Iridium Satellite enabling drones to operate in disconnected environments. Parsons provides TAK-as-a-Service for mission-ready integration.
• The Boring CompanystrategicStrategic or Co-development Partner · 4 May 20269-month contract for Parsons to serve as delegated program manager for Dubai Loop underground transportation project. Parsons provides Independent Design Verification, Stakeholder Management, Permitting and NOC Support for pilot phase. Aligns with UAE directives to strengthen strategic partnerships with global innovators.
• NEOM CompanyflagshipImplementation/ SI/ Consulting PartnerSelected by NEOM to provide project management support in building OXAGON - a reimagined industrial city. Parsons delivers project management, technical, commercial, and construction management services. Also providing services for THE LINE urban development project.
• MicrosoftcoreTechnology or IntegrationTechnology partner in Parsons Digital Technology Partner Network providing cloud platforms and enterprise software integration capabilities.
• Amazon Web Services (AWS)coreTechnology or IntegrationTechnology partner and PALADIN Lab partner providing cloud infrastructure for AI, ML, and defense computing workloads.
• NVIDIAcoreTechnology or IntegrationTechnology partner and PALADIN Lab partner providing GPU computing and AI/ML acceleration capabilities for defense applications.
• Bentley SystemscoreTechnology or IntegrationTechnology partner providing infrastructure engineering software and digital twin solutions integrated through Parsons' service offerings.
• ESRIcoreTechnology or IntegrationTechnology partner providing geospatial information systems (GIS) integrated into Parsons' infrastructure and defense solutions.
• AutodeskcoreTechnology or IntegrationTechnology partner providing design, engineering, and construction software integrated into Parsons' project delivery.
• NetAppcoreTechnology or IntegrationPALADIN Lab partner and technology partner providing data management and storage infrastructure for defense computing.
• CubiccoreTechnology or IntegrationPALADIN Lab partner providing training and simulation solutions integrated into Parsons' defense offerings.
• Dell TechnologiescoreTechnology or IntegrationPALADIN Lab partner and technology partner providing hardware infrastructure for defense and computing applications.
• Raven DefensestrategicTechnology or IntegrationCo-developed SPARTAN satellite ground antenna combining traditional parabolic dishes with phased-array feeds, targeting military market.
• GSI Americas Inc.strategicImplementation/ SI/ Consulting PartnerJoint venture partner awarded $25M US Coast Guard program management contract under Force Design 2028 Execution Plan.
• AECOM and EPC Consultants Inc.strategicImplementation/ SI/ Consulting PartnerJoint venture partners (Newtown Creek CSO Partners) for NYC Department of Environmental Protection sewer overflow tunnel project.
• SSH Joint Venture (Skanska, Stacy and Witbeck, Herzog)strategicImplementation/ SI/ Consulting PartnerJoint venture awarded construction manager contract for Pomona to Claremont A Line Extension. SSH comprises Skanska USA Civil West California District Inc., Stacy and Witbeck, Inc., and Herzog Contracting Corp. Parsons Transportation Group provides ongoing design services.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• SAIC: SAIC delivers IT modernization, engineering, and mission support services primarily to federal defense, intelligence, and civilian agencies. Directly overlaps Parsons' federal services portfolio, including space, cyber, and command-and-control work.
• AECOM: AECOM is a global infrastructure consulting firm delivering design, engineering, and program management for transportation, water, environmental, and federal clients. Directly competes with Parsons on critical infrastructure, NEOM, water/wastewater, and DOT program management engagements.
• KBR: KBR provides science, technology, and engineering solutions for governments and commercial clients across defense, aerospace, and sustainable technology. Comparable to Parsons in defense sustainment, mission support, and government engineering services across US and international markets.
• WSP Global: WSP is a global engineering and professional services firm focused on transportation, buildings, water, and environment. Comparable to Parsons' Critical Infrastructure business, particularly in transportation program management and water/wastewater engineering.
• Booz Allen Hamilton: Booz Allen is a leading federal management and technology consulting firm serving DoD, intelligence community, and civilian agencies. Highly comparable to Parsons' Federal Solutions business in AI/ML, cyber, electronic warfare, and digital operations consulting.
• Leidos Holdings: Leidos is one of the largest federal IT and engineering services contractors, with deep Defense, Intelligence, and Civil agency exposure. Directly comparable to Parsons in cyber, electronic warfare, C5ISR, and federal infrastructure work, with a similarly diversified IDIQ-driven business model.
• CACI International: CACI provides expertise and technology to enterprise and mission customers in defense, intelligence, and federal civilian markets. Highly comparable to Parsons' Federal Solutions business, particularly in cyber, electronic warfare, signals intelligence, and mission systems integration.
• Jacobs Solutions: Jacobs is a global engineering, technical, scientific, and consulting services firm serving critical infrastructure, water, transportation, and national security markets. Closely comparable to Parsons across both Critical Infrastructure program management and Federal cyber/engineering work.

Broad incumbents

• Maxar Technologies: Maxar provides space technology and geospatial intelligence to US and allied defense/intel customers. Overlaps with Parsons' space operations, SIGINT, and satellite ground antenna capabilities (Ace CtrlPoint, SPARTAN, TraCSS) but with a stronger hardware and imagery focus.

Emerging players

• ICF International: ICF provides digital, analytics, energy, and infrastructure services to federal and commercial clients. Comparable in federal civilian, energy, and infrastructure digital work but smaller scale and narrower footprint than Parsons.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/parsonscorp
• YouTubeyoutube.com/user/ParsonsCorp
• Facebookfacebook.com/parsonscorporation
• LinkedInlinkedin.com/company/parsons
• Instagraminstagram.com/parsonscorporation

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A15 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parsons Corporation