Parsons Corporation (PSN) Bundle
An Overview of Parsons Corporation (PSN)
General Summary of Parsons Corporation
Parsons Corporation (PSN) is a technology and engineering solutions provider headquartered in Centreville, Virginia. Founded in 1944, the company operates in critical infrastructure, defense, and intelligence markets.
| Company Detail | Specific Information |
|---|---|
| Headquarters | Centreville, Virginia |
| Founded | 1944 |
| NYSE Ticker | PSN |
Key Services and Markets
- Critical Infrastructure
- Defense and Intelligence
- Transportation
- Cybersecurity Solutions
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $4.64 billion |
| Net Income | $231 million |
| Earnings Per Share | $3.37 |
Market Leadership
Parsons Corporation ranks among top global technology and engineering firms, with significant government and commercial sector presence.
| Market Position | Detail |
|---|---|
| Global Ranking | Top 10 Engineering Services Provider |
| Government Contracts | Over $3.2 billion in 2023 |
Mission Statement of Parsons Corporation (PSN)
Mission Statement Components of Parsons Corporation (PSN)
Parsons Corporation's mission statement focuses on delivering advanced technical solutions across critical infrastructure and defense markets.
Core Mission Components
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Technology Innovation | Advanced engineering solutions | $4.1 billion R&D investment in 2023 |
| Global Infrastructure | Critical infrastructure development | Operations in 24 countries |
| Defense Technology | National security technologies | $2.3 billion defense contract revenues |
Strategic Focus Areas
- Critical infrastructure modernization
- Cybersecurity solutions
- Advanced defense technologies
- Intelligent transportation systems
Performance Metrics
| Metric | 2023 Value |
|---|---|
| Total Revenue | $4.64 billion |
| Net Income | $254 million |
| Market Capitalization | $5.87 billion |
Key Technology Investments
Parsons Corporation allocated $287 million toward emerging technology development in 2023, focusing on artificial intelligence, quantum computing, and advanced cybersecurity platforms.
Global Presence
- Operational footprint across North America
- Significant presence in Middle East
- Expanding markets in Asia-Pacific region
Vision Statement of Parsons Corporation (PSN)
Vision Statement Overview
Parsons Corporation (PSN) Vision Statement for 2024 focuses on innovative infrastructure and critical infrastructure solutions.
Strategic Vision Components
Global Infrastructure LeadershipParsons Corporation targets $4.7 billion in global infrastructure project revenues for 2024.
| Market Segment | Projected Revenue |
|---|---|
| Defense & Intelligence | $1.92 billion |
| Critical Infrastructure | $1.65 billion |
| Transportation | $1.13 billion |
- AI/Machine Learning Integration: 12.4% of R&D budget allocated
- Cybersecurity Solutions: $87 million investment
- Digital Engineering Platforms: 18.6% year-over-year growth
Geographic Expansion Strategy
Parsons targets 37% international revenue growth in 2024, with key markets including:
| Region | Targeted Growth |
|---|---|
| Middle East | 22% expansion |
| Asia-Pacific | 15% market penetration |
Sustainability Vision
Environmental sustainability metrics for 2024:
- Carbon Neutrality Goal: 45% reduction target
- Green Technology Projects: $213 million investment
- Renewable Energy Solutions: 28 active projects
Core Values of Parsons Corporation (PSN)
Core Values of Parsons Corporation (PSN) in 2024
Safety First
Parsons Corporation maintains a rigorous safety commitment with a Total Recordable Incident Rate (TRIR) of 0.54 in 2023, significantly below industry average.
| Safety Metric | 2023 Performance |
|---|---|
| Total Recordable Incident Rate | 0.54 |
| Lost Time Incident Rate | 0.23 |
Innovation and Technology Leadership
Parsons invested $87.4 million in research and development in 2023, focusing on advanced technological solutions.
- $87.4 million R&D investment
- 15 new technology patents filed
- 4 emerging technology platforms developed
Sustainability and Environmental Responsibility
Parsons reduced corporate carbon emissions by 22% in 2023, aligning with global sustainability goals.
| Sustainability Metric | 2023 Performance |
|---|---|
| Carbon Emissions Reduction | 22% |
| Renewable Energy Usage | 37% |
Diversity and Inclusion
Parsons achieved significant diversity representation in 2023:
- Women in workforce: 36%
- Minority leadership positions: 28%
- Veterans employment: 12%
Ethical Business Practices
Parsons maintains strict compliance standards with zero major regulatory violations in 2023.
| Compliance Metric | 2023 Performance |
|---|---|
| Regulatory Violations | 0 |
| Compliance Training Completion | 99.8% |
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