- Parsons Corporation (PSN), headquartered in Chantilly, Virginia, specializes in aerospace and defense, providing program management and engineering services, and has established a strong market position with a record net income of $241 million for FY 2025.
- In the past year, Parsons secured significant contracts, including a $25 million award from the U.S. Coast Guard for program management services supporting the Force Design 2028 Execution Plan, and completed an acquisition in the water market to enhance its capabilities.
- Key customers include the U.S. Coast Guard and the Department of Defense, with Parsons recently winning four contracts over $100 million in Q3 2025, highlighting its robust presence in government contracting.
- Parsons' ideal buyers are government agencies and defense contractors looking for reliable program management and engineering solutions, particularly as they modernize and upgrade critical infrastructure with substantial capital investments.
Parsons operates with a diverse departmental structure comprising eight distinct areas. The Engineering department leads with a headcount of seven, followed closely by Information Technology and Operations, each with six employees. This functional balance indicates a strong emphasis on technical and operational capabilities, crucial for the Aerospace & Defense industry. Other departments, including Executive, Military and Protective Services, Media and Communications, and Education, contribute to a well-rounded organizational framework.
Parsons maintains a geographic presence across four locations, with the majority of employees situated in 'Other' locations, totaling 29. The top specific locations include Cleveland, OH with two employees, and Bakersfield, CA, New York, NY, and Port Orange, FL, each with one employee. This distribution suggests a decentralized workforce, allowing for flexibility and responsiveness to regional demands while maintaining a core operational focus.
