EVERYWHERE Partners with Parsons to Enhance Drone Technology
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy PSN?
Source: PRnewswire
- Strategic Partnership: EVERYWHERE Communications has announced a strategic partnership with Parsons Corporation to advance next-generation autonomous drone capabilities under a Small Business Innovation Research (SBIR) initiative, focusing on reliable operations in disconnected environments, thereby enhancing drone applications in complex battlefield scenarios.
- Data Transport Layer Innovation: The new technology utilizes Iridium Satellite to create a resilient data transport layer, enabling drones to operate autonomously and transmit critical sensor data even when connectivity is lost, significantly improving operational efficiency in mission-critical situations.
- Real-Time Situational Awareness: Parsons' provision of TAK-as-a-Service (TaaS) supports scalable, mission-ready TAK Server integration tailored to the needs of the Department of Defense and federal agencies, enhancing real-time situational awareness capabilities across distributed mission environments globally through secure deployment and continuous support.
- Collaborative Operation Capability: The platform supports collaborative drone operations, allowing systems to relay information across distributed networks and contribute to a shared Common Operating Picture (COP), providing warfighters with a decisive information advantage and promoting the application of intelligent unmanned systems at the tactical edge.
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Analyst Views on PSN
Wall Street analysts forecast PSN stock price to rise
14 Analyst Rating
10 Buy
4 Hold
0 Sell
Moderate Buy
Current: 51.220
Low
70.00
Averages
84.00
High
107.00
Current: 51.220
Low
70.00
Averages
84.00
High
107.00
About PSN
Parsons Corporation is a disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Its Federal Solutions segment provides advanced technical solutions to the United States government. This segment provides advanced technologies, supporting national security missions in cyber operations, missile defense, and military facility modernization, logistics support, hazardous material remediation and engineering services. Its Critical Infrastructure segment offers integrated engineering and management services for complex physical and digital infrastructure around the globe. This segment is a technology innovator focused on next-generation digital systems and complex structures. It also develops advanced, warfighter-focused solutions for military and security applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Parsons Corporation Secures $34 Million Contract Extension
- Contract Extension: Parsons Corporation announced that the Defense Threat Reduction Agency (DTRA) has exercised Option Year 3 on its $170 million Assessments, Exercises, Modeling and Simulation Support (AEMSS) IDIQ contract, valued at $34 million for a one-year performance period, reflecting DTRA's ongoing confidence in Parsons.
- Support for Nuclear Mission: Under the exercised option, Parsons will continue to support DTRA's Nuclear Enterprise Mission Assurance (NE-MA) Department through vulnerability assessments and strategic mission analyses, enhancing resilience and operational readiness across vital nuclear enterprise programs.
- Strengthening National Security: By delivering integrated capabilities and disciplined execution, Parsons' work will promote national and global security initiatives, ensuring a safe, secure, reliable, and effective strategic deterrent across critical programs.
- Industry Leadership: With over two decades of support for DTRA's Cooperative Threat Reduction and Nuclear Enterprise Directorates, Parsons demonstrates deep domain expertise and cross-disciplinary capabilities, further solidifying its leadership position in the global infrastructure market.
See More
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- Significant Contract Value: Parsons Corp has been awarded a $2 billion multiple-award task order contract aimed at delivering energy resilience and infrastructure modernization services at military installations across the U.S., a rapidly growing priority area for the Pentagon.
- Flexible Contract Duration: The contract features a three-year base performance period along with seven one-year option periods, allowing the company to maintain involvement in related projects over the coming years and enhancing its competitive position in the market.
- Clear Strategic Objectives: Through investments in energy resilience and conservation, Parsons aims to reduce energy and water usage, lower lifecycle costs, and ensure continued operations during commercial grid disruptions, further supporting the Department of War's modernization goals.
- Positive Market Reaction: Following the contract announcement, Parsons' shares rose over 2% in premarket trading, reflecting investor confidence in the company's future growth potential, despite a year-to-date decline of over 19% in stock price.
See More
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- Significant Contract Value: Parsons Corporation has been awarded a $2 billion multiple award task order contract (MATOC) by the U.S. Army Corps of Engineers to deliver energy resilience and infrastructure modernization projects, marking a significant expansion in the defense sector.
- Long Project Duration: The contract features a three-year base performance period with seven one-year option periods, ensuring the company secures new business over the next decade, thereby enhancing its competitive position in the market.
- Clear Technological Advantage: By integrating deep energy expertise with secure microgrid technologies, Parsons aims to improve energy resilience and reliability at military installations, supporting the Department of War's long-term modernization objectives.
- Far-reaching Strategic Implications: This contract not only expands Parsons' energy resilience portfolio but also complements its demand response technology project with the Los Angeles Department of Water & Power, further solidifying its leadership in the energy infrastructure sector.
See More
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- Strategic Partnership: EVERYWHERE Communications has announced a strategic partnership with Parsons Corporation to advance next-generation autonomous drone capabilities under a Small Business Innovation Research (SBIR) initiative, focusing on reliable operations in disconnected environments, thereby enhancing drone applications in complex battlefield scenarios.
- Data Transport Layer Innovation: The new technology utilizes Iridium Satellite to create a resilient data transport layer, enabling drones to operate autonomously and transmit critical sensor data even when connectivity is lost, significantly improving operational efficiency in mission-critical situations.
- Real-Time Situational Awareness: Parsons' provision of TAK-as-a-Service (TaaS) supports scalable, mission-ready TAK Server integration tailored to the needs of the Department of Defense and federal agencies, enhancing real-time situational awareness capabilities across distributed mission environments globally through secure deployment and continuous support.
- Collaborative Operation Capability: The platform supports collaborative drone operations, allowing systems to relay information across distributed networks and contribute to a shared Common Operating Picture (COP), providing warfighters with a decisive information advantage and promoting the application of intelligent unmanned systems at the tactical edge.
See More
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- Strong Financial Performance: Parsons Corporation reported an 8% year-over-year increase in total revenue for Q1, with organic revenue growing 3%, despite a 4% decline in total revenue including confidential contracts, demonstrating the company's resilience and execution capabilities in a complex environment.
- Significant Contract Wins: The company secured four single-award contracts valued at over $100 million in Q1, including a $593 million FAA TSSC 5 contract and a $500 million Joint Cyber Hunt Kit contract, enhancing its market position and future revenue potential.
- Record Adjusted EBITDA: The first quarter adjusted EBITDA reached $151 million, a 1% increase from the prior year, with the adjusted EBITDA margin expanding by 50 basis points to 10.1%, reflecting ongoing improvements in cost control and profitability.
- Strategic Acquisition Advancement: The company completed the acquisition of Altamira Technologies in an all-cash transaction valued at up to $375 million, further strengthening its capabilities in critical infrastructure and cybersecurity, which is expected to drive future growth.
See More
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- Strong Financial Performance: Parsons reported an 8% year-over-year increase in total revenue for Q1, with the Federal Solutions segment growing by 12%, indicating robust demand in critical infrastructure and defense markets, which is expected to drive future organic growth.
- Record Adjusted EBITDA: The company achieved an adjusted EBITDA of $151 million in Q1, with an adjusted EBITDA margin of 10.1%, marking a historical high that reflects the company's success in execution and acquisition integration.
- Robust Contract Awards: Contract awards increased by 17% year-over-year to $2 billion in Q1, driving an enterprise book-to-bill ratio of 1.4, showcasing the company's competitiveness and potential for future growth.
- Strategic Acquisition and Market Expansion: Parsons completed the acquisition of Altamira Technologies for up to $375 million, further strengthening its market position in national security and intelligence, which is expected to provide momentum for future growth.
See More
Parsons Corporation Secures $34 Million Contract Extension
- Contract Extension: Parsons Corporation announced that the Defense Threat Reduction Agency (DTRA) has exercised Option Year 3 on its $170 million Assessments, Exercises, Modeling and Simulation Support (AEMSS) IDIQ contract, valued at $34 million for a one-year performance period, reflecting DTRA's ongoing confidence in Parsons.
- Support for Nuclear Mission: Under the exercised option, Parsons will continue to support DTRA's Nuclear Enterprise Mission Assurance (NE-MA) Department through vulnerability assessments and strategic mission analyses, enhancing resilience and operational readiness across vital nuclear enterprise programs.
- Strengthening National Security: By delivering integrated capabilities and disciplined execution, Parsons' work will promote national and global security initiatives, ensuring a safe, secure, reliable, and effective strategic deterrent across critical programs.
- Industry Leadership: With over two decades of support for DTRA's Cooperative Threat Reduction and Nuclear Enterprise Directorates, Parsons demonstrates deep domain expertise and cross-disciplinary capabilities, further solidifying its leadership position in the global infrastructure market.
See More
Parsons Corp Secures $2 Billion Energy Resilience Contract
- Significant Contract Value: Parsons Corp has been awarded a $2 billion multiple-award task order contract aimed at delivering energy resilience and infrastructure modernization services at military installations across the U.S., a rapidly growing priority area for the Pentagon.
- Flexible Contract Duration: The contract features a three-year base performance period along with seven one-year option periods, allowing the company to maintain involvement in related projects over the coming years and enhancing its competitive position in the market.
- Clear Strategic Objectives: Through investments in energy resilience and conservation, Parsons aims to reduce energy and water usage, lower lifecycle costs, and ensure continued operations during commercial grid disruptions, further supporting the Department of War's modernization goals.
- Positive Market Reaction: Following the contract announcement, Parsons' shares rose over 2% in premarket trading, reflecting investor confidence in the company's future growth potential, despite a year-to-date decline of over 19% in stock price.
See More
Parsons Corporation Secures $2 Billion MATOC Contract
- Significant Contract Value: Parsons Corporation has been awarded a $2 billion multiple award task order contract (MATOC) by the U.S. Army Corps of Engineers to deliver energy resilience and infrastructure modernization projects, marking a significant expansion in the defense sector.
- Long Project Duration: The contract features a three-year base performance period with seven one-year option periods, ensuring the company secures new business over the next decade, thereby enhancing its competitive position in the market.
- Clear Technological Advantage: By integrating deep energy expertise with secure microgrid technologies, Parsons aims to improve energy resilience and reliability at military installations, supporting the Department of War's long-term modernization objectives.
- Far-reaching Strategic Implications: This contract not only expands Parsons' energy resilience portfolio but also complements its demand response technology project with the Los Angeles Department of Water & Power, further solidifying its leadership in the energy infrastructure sector.
See More
EVERYWHERE Partners with Parsons to Enhance Drone Technology
- Strategic Partnership: EVERYWHERE Communications has announced a strategic partnership with Parsons Corporation to advance next-generation autonomous drone capabilities under a Small Business Innovation Research (SBIR) initiative, focusing on reliable operations in disconnected environments, thereby enhancing drone applications in complex battlefield scenarios.
- Data Transport Layer Innovation: The new technology utilizes Iridium Satellite to create a resilient data transport layer, enabling drones to operate autonomously and transmit critical sensor data even when connectivity is lost, significantly improving operational efficiency in mission-critical situations.
- Real-Time Situational Awareness: Parsons' provision of TAK-as-a-Service (TaaS) supports scalable, mission-ready TAK Server integration tailored to the needs of the Department of Defense and federal agencies, enhancing real-time situational awareness capabilities across distributed mission environments globally through secure deployment and continuous support.
- Collaborative Operation Capability: The platform supports collaborative drone operations, allowing systems to relay information across distributed networks and contribute to a shared Common Operating Picture (COP), providing warfighters with a decisive information advantage and promoting the application of intelligent unmanned systems at the tactical edge.
See More
Parsons Corporation Q1 2026 Earnings Call Highlights
- Strong Financial Performance: Parsons Corporation reported an 8% year-over-year increase in total revenue for Q1, with organic revenue growing 3%, despite a 4% decline in total revenue including confidential contracts, demonstrating the company's resilience and execution capabilities in a complex environment.
- Significant Contract Wins: The company secured four single-award contracts valued at over $100 million in Q1, including a $593 million FAA TSSC 5 contract and a $500 million Joint Cyber Hunt Kit contract, enhancing its market position and future revenue potential.
- Record Adjusted EBITDA: The first quarter adjusted EBITDA reached $151 million, a 1% increase from the prior year, with the adjusted EBITDA margin expanding by 50 basis points to 10.1%, reflecting ongoing improvements in cost control and profitability.
- Strategic Acquisition Advancement: The company completed the acquisition of Altamira Technologies in an all-cash transaction valued at up to $375 million, further strengthening its capabilities in critical infrastructure and cybersecurity, which is expected to drive future growth.
See More
Parsons Reports Strong Q1 2026 Earnings Highlights
- Strong Financial Performance: Parsons reported an 8% year-over-year increase in total revenue for Q1, with the Federal Solutions segment growing by 12%, indicating robust demand in critical infrastructure and defense markets, which is expected to drive future organic growth.
- Record Adjusted EBITDA: The company achieved an adjusted EBITDA of $151 million in Q1, with an adjusted EBITDA margin of 10.1%, marking a historical high that reflects the company's success in execution and acquisition integration.
- Robust Contract Awards: Contract awards increased by 17% year-over-year to $2 billion in Q1, driving an enterprise book-to-bill ratio of 1.4, showcasing the company's competitiveness and potential for future growth.
- Strategic Acquisition and Market Expansion: Parsons completed the acquisition of Altamira Technologies for up to $375 million, further strengthening its market position in national security and intelligence, which is expected to provide momentum for future growth.
See More
