CHANTILLY, Va., Jan. 23, 2025 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE: NYSE: ) announced today that the company has been awarded a contract for a one-year option period on a confidential program in January 2025. This contract was recorded as pending during of the company’s Q3 2024 earnings conference call.
About Parsons
Parsons (NYSE: PSN) is a leading provider of disruptive technology to the national security and global infrastructure markets, with capabilities in cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development and critical infrastructure protection. Visit parsons.com and follow us on LinkedIn and Facebook (NASDAQ: ) 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 results. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are beyond our control. Accordingly, actual performance, results and events may differ materially from those indicated in the forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. A number of factors could cause actual future performance, results and events to differ materially from those expressed in forward-looking statements, including, but not limited to: any issue that jeopardizes our relationship with the U.S. federal government or its agencies or other governmental , local or foreign governments or agencies; all issues that harm our professional reputation; changes in government priorities that shift expenditures away from agencies or programs we support; our dependence on long-term government contracts, which are subject to the government’s budget 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 required security clearances or certifications; non-compliance with numerous laws and regulations; changes in public procurement, contracting or other practices or the adoption of new laws, rules, regulations and programs by governments in a manner detrimental to us; termination or non-renewal of our government contracts, particularly our contracts with the US federal government; our ability to compete effectively in a competitive bidding process and delays, contract terminations or cancellations caused by competitor protests of large contract awards we have received; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the necessary skills, experience and security clearances; loss of members of senior management or failure to develop new leaders; misconduct or other inappropriate activities of our employees or subcontractors; our ability to realize the full value of our backlog and the timing of receipt of revenue under the contracts included in the backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover the costs, time and resources for our contracts; changes in estimates used in revenue recognition; 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 adverse outcomes. These factors are not exhaustive and additional factors may adversely affect our operating and financial results. For a discussion of additional factors that could materially adversely affect our operating and financial results, see the factors included under the heading 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 information currently available and speak only as of the date they are made. We undertake no obligation to update any forward-looking statement made in this presentation that becomes untrue as a result of subsequent events, new information or otherwise, except to the extent required by us in connection with our ongoing requirements under federal laws on securities.
Media contact:
Bryce McDevitt
+1.703.851.4425
Bryce.McDevitt@parsons.com
Contact for investor relations:
Dave Spill
+ 1.571.655.8264
Dave.Spille@parsons.us
Source: Parsons Services Company
