Carey Smith, chairwoman, president and CEO of Parsons, has been featured in Executive Mosaic’s Wash100 list for 2023 for her continued efforts to grow the company through organic and merger-and-acquisition opportunities. Smith has been chosen five times as a Wash100 winner over the 10-year history of the award. The annual list represents a cr...
Parsons (NYSE: PSN) has agreed to acquire IPKeys Power Partners for approximately $43 million as part of efforts to expand its intellectual property portfolio and footprint in grid modernization and cyber resiliency markets. IPKeys is a Tinton Falls, New Jersey-based company founded in 2014 and provides enterprise software platforms designed to deli...
Parsons (NYSE: PSN) saw its fourth-quarter revenue for fiscal year 2022 rise 16 percent to $1.1 billion and reported full-year sales of $4.2 billion, reflecting a total growth of 15 percent and organic growth of 9 percent. The Centreville, Virginia-based contractor said Wednesday Q4 2022 net bookings reached $1.1 billion with a book-to-bill ratio of...
Now that the full list of 2023 winners of the Wash100 Award, the most exclusive and impressive recognition in all of government contracting and the federal sector, has been announced, voting for the popular vote contest is underway. Combining input from the populace with the carefully considered opinions of its internal committee, Executive Mosaic ...
In 2022, the GovCon landscape saw announcements and completions of merger-and-acquisition deals at privately held, publicly traded and private equity backed companies that sought to expand what they could offer to their federal customers. Continuing reading below for Executive Mosaic editorial team’s rundown of transactions and insights from i...
The government contracting industry witnessed a number of strategic executive movements in 2022, including appointments and promotions to C-level roles as well as leadership changes meant to spur growth in public sector-focused practices. As the year draws to a close, Executive Mosaic‘s editorial team is sharing people moves that dominated the...
Carey Smith, chair, president and CEO of Parsons (NYSE: PSN), and Zachary Parker, president, CEO and board chair at DLH (Nasdaq: DLHC), will continue to serve for another year as chair and vice chair, respectively, of the Professional Services Council’s board of directors. John Heller, president and CEO of Amentum, will serve a one-year term...
Parsons (NYSE: PSN) saw its third quarter revenue for fiscal year 2022 jump 19 percent to $1.13 billion and attributed the sales growth to ramp-up of contract work and increased hiring activity. The Centreville, Virginia-based contractor said Wednesday it posted $1.3 billion in Q3 2022 net bookings with a book-to-bill ratio of 1.1x and ended...
Executives from government contracting and private equity firms met Thursday at the Raymond James 2022 Defense & Government Conference to share their perspectives on the federal market’s current environment and investors’ appetite for GovCon business. More than 700 attendees heard from some of the most influential individuals across ...
Parsons (NYSE: PSN) has raised full-year sales guidance to reflect improved organic performance for the 2022 second half and the company’s $388 million acquisition of Xator that closed May 31. The Centreville, Virginia-based company said in its second quarter earnings statement it now expects revenue in the $3.95 billion-$4.15 billio...
