{"success":true,"data":{"pressRelease":{"id":"80564","rtpr_id":"nGNXXKYL5","ticker":"PSN","exchange":"NYSE","all_tickers":["PSN"],"title":"Parsons Pioneering Integrated Technology Solutions for PFAS Remediation","author":"Globe Newswire","published_at":"2026-07-06T10:30:00.141Z","article_body":"Key Takeaways: \n* Parsons is a leading PFAS solutions provider in North America.\n* The company combines science-based strategies, in-house R&D, and an advanced\ncontaminants elimination program to develop tailored, cost-effective solutions\nfor customers.\n* Parsons’ four core PFAS solutions include Hot ISCO, UV PFAS Destruction,\nThermal Desorption, and AFFF Cleanout.\nCHANTILLY, Va., July 06, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:\nPSN) today announced the expansion of its comprehensive solutions to mitigate\nthe impacts of per- and polyfluoroalkyl substances (PFAS) on the environment.\nA leading provider of PFAS services across the United States and Canada,\nParsons leverages 20 years of experience to strengthen its preeminent market\nposition and advance its commitment to delivering sustainable PFAS solutions.\n\n“Our investment in advanced PFAS technologies has positioned Parsons at the\nforefront of this critical environmental challenge. Our integrated suite of\nsolutions addresses PFAS concerns and helps our clients meet today’s\nregulatory demands, while shaping the future of sustainable remediation,”\nsaid Carey Smith, chair, president, and chief executive officer for Parsons.\n“PFAS destruction technologies and holistic PFAS solutions are a strong\nexample of how we translate innovation into long-term value for our clients\nand communities.”\n\nParsons applies an integrated, science-driven approach to PFAS challenges,\ncombining advanced treatment technologies with practical implementation\nstrategies tailored to each project. With a dedicated team of technologists,\nParsons has delivered PFAS solutions for two decades, identifying future\nemerging contaminants and developing solutions to eliminate these pollutants\n– including PFAS – ahead of our clients’ needs. Parsons’ industry\nleading internal research and development program drives continual innovation\nof new remedial technologies and solutions. The company’s solutions are\ndesigned to reduce risk, meet evolving regulatory requirements, and deliver\nsustainable long-term outcomes at a competitive cost.\n\nAt the core of Parsons’ PFAS portfolio are four primary solutions: Hot In\nSitu Chemical Oxidation (Hot ISCO), Catalyzed Ultraviolet (UV) PFAS\nDestruction (Catalyzed UV), Thermal Desorption, and Aqueous Film-Forming Foam\n(AFFF) Cleanout services. Together, these four pillars provide a comprehensive\nPFAS management offering that span environmental investigation, removal from\nthe consumer product stream, active in-situ and ex-situ destructive PFAS\nremediation and long-term stewardship.\n\nThis broad range of proven yet continuously advancing technologies provides\nParsons’ clients with unique solutions and positions the company as a\ntrusted partner for complex PFAS challenges across water, soil, and\ninfrastructure. As new PFAS standards emerge and clients seek more\nsustainable, cost-effective solutions, Parsons can scale, refine, and\nintegrate these technologies to expand service offerings, enter new markets,\nand drive continued innovation in PFAS management.\n\nHot ISCO\n(https://www.globenewswire.com/Tracker?data=KI5gK-j22jOflX2jDDxV-SWq8I-T8QRBMG_KJlS1DwgYsxU4ZJlaPnbdIS2oWmb5akSF3pQmn-m061juUBoWZ0fYSU8Oxi5LWelK2EwClKA=)\n* A patented technology in the U.S. and Canada, Parsons’ Hot ISCO is the\nfirst in-situ destructive technology on the market for PFAS.\n* The technology targets PFAS-impacted source zones by coupling elevated\ntemperatures with in-situ catalyzed chemical oxidation to destroy PFAS\nin-situ.\n* Hot ISCO is also easily and efficiently applied ex-situ to destroy PFAS mass\nin contaminated water, wastewater, and manufacturing plant waste streams.\n* This technology addresses difficult-to-reach source areas, without\ndisrupting surface infrastructure, safely, rapidly, and cost effectively,\nresulting in shorter cleanup timeframes.\nThermal Desorption of PFAS\n* A patented, turn-key solution for on-site applications, thermal desorption\nuses heat to remove PFAS from soil and other solids, and then destroys PFAS\nand other contaminants in the off-gas stream.\n* This technology has been fully demonstrated on soil piles up to 2,000 cubic\nyards in size and in cold weather environments, including a project in the\nwinter in Anchorage, Alaska for the United States Department of War\n(https://www.parsons.com/project/thermal-desorption-of-pfas-in-soil-remediation-anchorage-alaska/)\n(DOW) and the Defense Innovation Unit (DIU).\n* This proven soil and debris treatment technology is rapidly implementable\nand scalable to remote and non-remote sites.\nUV PFAS Destruction\n(https://www.globenewswire.com/Tracker?data=zNMeLSKdQTxpZyDxQ68XTTJBpohxsCTo08eiPVFuQCC95KPhesrDxZ10DPIu89mgs6r92tHKnOm3MQJDfs7muwgacvabStv5MN-oa0Kt7zh7_t0LIQ9qk4wHJ9hy7DWq)\n* A patent-pending technology that destroys PFAS in water, wastewater and\ncomplex liquid waste streams using UV-based catalytic reactions to break down\nthese persistent compounds.\n* Achieves greater than 99 percent of PFAS destruction under real-world\nconditions at a small fraction of the cost of competing high-energy and\ncapital cost-intensive technologies.\n* Fully demonstrated at laboratory and field scale for wastewater matrices\nsuch as AFFF cleanout solutions, landfill leachate, industrial wastewater, and\ncontaminated groundwater, as well as in regeneration brines.\nAFFF Cleanout of Fire Suppression Systems\n(https://www.globenewswire.com/Tracker?data=R-E5JEcYE8TrKq45LdkOk0ExK7D7YMsnkbRJThXs_-0RLYbvBqHlLJj5XCbM9m6OYuaTn3kNMYUy6mMWDO-EyQUoevH96chZq6thTXZKlb8wzhD4zh2E8jp3cSLrdUriwgZQCjFCfHGyF9rYDz8fJw==)\n* Parsons’ AFFF cleanout service is an advanced capability that combines the\ncompany’s proprietary equipment and methods with PerfluorAd®, a product\ninvented by Cornelsen for which Parsons is the exclusive North American\nProvider.\n* This method achieves a much higher degree of AFFF system cleanout (99+\npercent PFAS removal) at a competitive cost, protecting firefighters and\nreducing client’s long-term liability.\n* AFFF cleanout service can be combined with Hot ISCO or UV PFAS Destruction\nfor a turnkey, zero waste solution for firefighting clients that mitigates the\nrisk and liability associated with PFAS firefighting foam.\nAcross installations and complex PFAS-impacted sites, Parsons’ PFAS\nsolutions are being recognized through a growing portfolio of contract wins\nhighlighting both our technical leadership and ability to deliver results at\nscale.\n\nThermal Desorption of PFAS in Soil: Joint Base Elmendorf-Richardson (JBER)\n* Parsons completed a large thermal desorption of PFAS in soil remediation\nproject at JBER in Anchorage, Alaska. The DOW and DIU funded and administered\nthe 2,000 cubic yard soil stockpile project, respectively. The field study\nincluded detailed monitoring, sampling and analysis to track the status of\nPFAS and remedial results.\nUV PFAS Destruction Field Demonstration:\n* Parsons has demonstrated proof-of-concept for the feasibility of an\naqueous-electron-based complete defluorination and destruction of PFAS in\naqueous phase media simulating wastewater, groundwater, and regeneration\nbrines. Multiple projects are in development throughout North America\nincluding the support of VEI Contracting (VEI) who was awarded a pilot project\nfor using this technology on a Canadian federal site with full study\ncompletion scheduled for Summer 2027.\nAFFF Mobile System Cleanout:\n* Tucson International Airport – Parsons is managing the cleanout of the\nairport’s fire response trucks and of the design and execution of the\nairport wide PFAS remedial investigation.\n* Denver International Airport – In 2025, Parsons managed and completed the\ncleanout of 20 fire response vehicles and trucks, with an average of 95\npercent PFAS removal across the entire fleet.\n* Oakland San Francisco Bay Airport – Parsons oversaw and led the cleanout\nof six fire response vehicles and one fixed storage tank in 2025. The results\nachieved a removal of 99 percent PFAS removal from all trucks and the tank.\n* Parsons presented the AFFF cleanout capabilities with the Environment Canada\nand Climate Change AFFF working group to help Canada industry transition to\nnon-PFAS containing foams.\nTogether, these capabilities reinforce Parsons’ role as a trusted PFAS\npartner, helping clients navigate evolving regulations, reduce long-term risk,\nand protect communities and critical infrastructure for the future.\n\nTo learn more about Parsons’ PFAS capabilities, visit\nhttps://www.parsons.com/pfas/.\n\nDeveloped by Cornelsen Umwelttechnologie GmbH, PerfluorAd is a biodegradable\ncleaning agent that forms a bond with PFAS, creating particles that Parsons\nfilters and removes.\n\nAbout Parsons\nParsons (NYSE: PSN) is a leading disruptive technology provider in the\nnational security and global infrastructure markets, with capabilities across\ncyber and electronic warfare, space and missile defense, transportation, water\nand environment, urban development, and critical infrastructure protection.\nPlease visit Parsons.com\n(https://www.globenewswire.com/Tracker?data=9-huEOI0X-d5camqr3wHU04Z82wz5tjM6G5OOrCe1dfAvt9Wywlobj0cYnSmHqBjo64A81TYqMdkm3zCJYQ7Ug==) and\nfollow us on LinkedIn\n(https://www.globenewswire.com/Tracker?data=dKXqLv71dSBT8pwI4_kO1bHu4IhYj4yLzvfbn1KrHmecb6Y5n9fjGw4ufLir-URLX5y0AtHTz8PyvYbt1rDXz85G7ZJd-RL2LOki6l3ALIw=) to\nlearn how we’re making an impact.\n\nForward-Looking Statements: \n\nThis document contains forward-looking statements within the meaning of the\nPrivate Securities Litigation Reform Act of 1995, Section 27A of the\nSecurities Act of 1933, as amended, and Section 21E of the Securities Exchange\nAct of 1934, as amended. Forward-looking statements are based on our current\nexpectations, beliefs and assumptions, and are not guarantees of future\nperformance. Forward-looking statements are inherently subject to\nuncertainties, risks, changes in circumstances, trends and factors that are\ndifficult to predict, many of which are outside of our control. Accordingly,\nactual performance, results and events may vary materially from those\nindicated in the forward-looking statements, and you should not rely on the\nforward-looking statements as predictions of future performance, results or\nevents. Numerous factors could cause actual future performance, results and\nevents to differ materially from those indicated in the forward-looking\nstatements, including, among others: any issue that compromises our\nrelationships with the U.S. federal government or its agencies or other state,\nlocal or foreign governments or agencies; any issues that damage our\nprofessional reputation; changes in governmental priorities that shift\nexpenditures away from agencies or programs that we support; our dependence on\nlong-term government contracts, which are subject to the government’s\nbudgetary approval process; the size of our addressable markets and the amount\nof government spending on private contractors; failure by us or our employees\nto obtain and maintain necessary security clearances or certifications;\nfailure to comply with numerous laws and regulations; changes in government\nprocurement, contract or other practices or the adoption by governments of new\nlaws, rules, regulations and programs in a manner adverse to us; the\ntermination or nonrenewal of our government contracts, particularly our\ncontracts with the U.S. federal government; our ability to compete effectively\nin the competitive bidding process and delays, contract terminations or\ncancellations caused by competitors’ protests of major contract awards\nreceived by us; our ability to generate revenue under certain of our\ncontracts; any inability to attract, train or retain employees with the\nrequisite skills, experience and security clearances; the loss of members of\nsenior management or failure to develop new leaders; misconduct or other\nimproper activities from our employees or subcontractors; our ability to\nrealize the full value of our backlog and the timing of our receipt of revenue\nunder contracts included in backlog; changes in the mix of our contracts and\nour ability to accurately estimate or otherwise recover expenses, time and\nresources for our contracts; changes in estimates used in recognizing revenue;\ninternal system or service failures and security breaches; and inherent\nuncertainties and potential adverse developments in legal proceedings,\nincluding litigation, audits, reviews and investigations, which may result in\nmaterially adverse judgments, settlements or other unfavorable outcomes. These\nfactors are not exhaustive and additional factors could adversely affect our\nbusiness and financial performance. For a discussion of additional factors\nthat could materially adversely affect our business and financial performance,\nsee the factors included under the caption “Risk Factors” in our Annual\nReport on Form 10-K for the year ended December 31, 2025, and our other\nfilings with the Securities and Exchange Commission. All forward-looking\nstatements are based on currently available information and speak only as of\nthe date on which they are made. We assume no obligation to update any\nforward-looking statement made in this press release that becomes untrue\nbecause of subsequent events, new information or otherwise, except to the\nextent we are required to do so by law.\n\nMedia Contact:\nBernadette Miller\n+1 980.253.9781\nBernadette.Miller@parsons.com\n\nInvestor Relations Contact:\nDave Spille\n+ 1 703.775.6191\nDave.Spille@parsons.us\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/5c5f7c60-e59a-4432-ac4f-44eb3e8c85dc)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXXKYL5","title":"Parsons Pioneering Integrated Technology Solutions for PFAS Remediation","author":"Globe Newswire","ticker":"PSN","created":"2026-07-06T10:30:00.141Z","tickers":["PSN"],"exchange":"NYSE","article_body":"Key Takeaways: \n* Parsons is a leading PFAS solutions provider in North America.\n* The company combines science-based strategies, in-house R&D, and an advanced\ncontaminants elimination program to develop tailored, cost-effective solutions\nfor customers.\n* Parsons’ four core PFAS solutions include Hot ISCO, UV PFAS Destruction,\nThermal Desorption, and AFFF Cleanout.\nCHANTILLY, Va., July 06, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:\nPSN) today announced the expansion of its comprehensive solutions to mitigate\nthe impacts of per- and polyfluoroalkyl substances (PFAS) on the environment.\nA leading provider of PFAS services across the United States and Canada,\nParsons leverages 20 years of experience to strengthen its preeminent market\nposition and advance its commitment to delivering sustainable PFAS solutions.\n\n“Our investment in advanced PFAS technologies has positioned Parsons at the\nforefront of this critical environmental challenge. Our integrated suite of\nsolutions addresses PFAS concerns and helps our clients meet today’s\nregulatory demands, while shaping the future of sustainable remediation,”\nsaid Carey Smith, chair, president, and chief executive officer for Parsons.\n“PFAS destruction technologies and holistic PFAS solutions are a strong\nexample of how we translate innovation into long-term value for our clients\nand communities.”\n\nParsons applies an integrated, science-driven approach to PFAS challenges,\ncombining advanced treatment technologies with practical implementation\nstrategies tailored to each project. With a dedicated team of technologists,\nParsons has delivered PFAS solutions for two decades, identifying future\nemerging contaminants and developing solutions to eliminate these pollutants\n– including PFAS – ahead of our clients’ needs. Parsons’ industry\nleading internal research and development program drives continual innovation\nof new remedial technologies and solutions. The company’s solutions are\ndesigned to reduce risk, meet evolving regulatory requirements, and deliver\nsustainable long-term outcomes at a competitive cost.\n\nAt the core of Parsons’ PFAS portfolio are four primary solutions: Hot In\nSitu Chemical Oxidation (Hot ISCO), Catalyzed Ultraviolet (UV) PFAS\nDestruction (Catalyzed UV), Thermal Desorption, and Aqueous Film-Forming Foam\n(AFFF) Cleanout services. Together, these four pillars provide a comprehensive\nPFAS management offering that span environmental investigation, removal from\nthe consumer product stream, active in-situ and ex-situ destructive PFAS\nremediation and long-term stewardship.\n\nThis broad range of proven yet continuously advancing technologies provides\nParsons’ clients with unique solutions and positions the company as a\ntrusted partner for complex PFAS challenges across water, soil, and\ninfrastructure. As new PFAS standards emerge and clients seek more\nsustainable, cost-effective solutions, Parsons can scale, refine, and\nintegrate these technologies to expand service offerings, enter new markets,\nand drive continued innovation in PFAS management.\n\nHot ISCO\n(https://www.globenewswire.com/Tracker?data=KI5gK-j22jOflX2jDDxV-SWq8I-T8QRBMG_KJlS1DwgYsxU4ZJlaPnbdIS2oWmb5akSF3pQmn-m061juUBoWZ0fYSU8Oxi5LWelK2EwClKA=)\n* A patented technology in the U.S. and Canada, Parsons’ Hot ISCO is the\nfirst in-situ destructive technology on the market for PFAS.\n* The technology targets PFAS-impacted source zones by coupling elevated\ntemperatures with in-situ catalyzed chemical oxidation to destroy PFAS\nin-situ.\n* Hot ISCO is also easily and efficiently applied ex-situ to destroy PFAS mass\nin contaminated water, wastewater, and manufacturing plant waste streams.\n* This technology addresses difficult-to-reach source areas, without\ndisrupting surface infrastructure, safely, rapidly, and cost effectively,\nresulting in shorter cleanup timeframes.\nThermal Desorption of PFAS\n* A patented, turn-key solution for on-site applications, thermal desorption\nuses heat to remove PFAS from soil and other solids, and then destroys PFAS\nand other contaminants in the off-gas stream.\n* This technology has been fully demonstrated on soil piles up to 2,000 cubic\nyards in size and in cold weather environments, including a project in the\nwinter in Anchorage, Alaska for the United States Department of War\n(https://www.parsons.com/project/thermal-desorption-of-pfas-in-soil-remediation-anchorage-alaska/)\n(DOW) and the Defense Innovation Unit (DIU).\n* This proven soil and debris treatment technology is rapidly implementable\nand scalable to remote and non-remote sites.\nUV PFAS Destruction\n(https://www.globenewswire.com/Tracker?data=zNMeLSKdQTxpZyDxQ68XTTJBpohxsCTo08eiPVFuQCC95KPhesrDxZ10DPIu89mgs6r92tHKnOm3MQJDfs7muwgacvabStv5MN-oa0Kt7zh7_t0LIQ9qk4wHJ9hy7DWq)\n* A patent-pending technology that destroys PFAS in water, wastewater and\ncomplex liquid waste streams using UV-based catalytic reactions to break down\nthese persistent compounds.\n* Achieves greater than 99 percent of PFAS destruction under real-world\nconditions at a small fraction of the cost of competing high-energy and\ncapital cost-intensive technologies.\n* Fully demonstrated at laboratory and field scale for wastewater matrices\nsuch as AFFF cleanout solutions, landfill leachate, industrial wastewater, and\ncontaminated groundwater, as well as in regeneration brines.\nAFFF Cleanout of Fire Suppression Systems\n(https://www.globenewswire.com/Tracker?data=R-E5JEcYE8TrKq45LdkOk0ExK7D7YMsnkbRJThXs_-0RLYbvBqHlLJj5XCbM9m6OYuaTn3kNMYUy6mMWDO-EyQUoevH96chZq6thTXZKlb8wzhD4zh2E8jp3cSLrdUriwgZQCjFCfHGyF9rYDz8fJw==)\n* Parsons’ AFFF cleanout service is an advanced capability that combines the\ncompany’s proprietary equipment and methods with PerfluorAd®, a product\ninvented by Cornelsen for which Parsons is the exclusive North American\nProvider.\n* This method achieves a much higher degree of AFFF system cleanout (99+\npercent PFAS removal) at a competitive cost, protecting firefighters and\nreducing client’s long-term liability.\n* AFFF cleanout service can be combined with Hot ISCO or UV PFAS Destruction\nfor a turnkey, zero waste solution for firefighting clients that mitigates the\nrisk and liability associated with PFAS firefighting foam.\nAcross installations and complex PFAS-impacted sites, Parsons’ PFAS\nsolutions are being recognized through a growing portfolio of contract wins\nhighlighting both our technical leadership and ability to deliver results at\nscale.\n\nThermal Desorption of PFAS in Soil: Joint Base Elmendorf-Richardson (JBER)\n* Parsons completed a large thermal desorption of PFAS in soil remediation\nproject at JBER in Anchorage, Alaska. The DOW and DIU funded and administered\nthe 2,000 cubic yard soil stockpile project, respectively. The field study\nincluded detailed monitoring, sampling and analysis to track the status of\nPFAS and remedial results.\nUV PFAS Destruction Field Demonstration:\n* Parsons has demonstrated proof-of-concept for the feasibility of an\naqueous-electron-based complete defluorination and destruction of PFAS in\naqueous phase media simulating wastewater, groundwater, and regeneration\nbrines. Multiple projects are in development throughout North America\nincluding the support of VEI Contracting (VEI) who was awarded a pilot project\nfor using this technology on a Canadian federal site with full study\ncompletion scheduled for Summer 2027.\nAFFF Mobile System Cleanout:\n* Tucson International Airport – Parsons is managing the cleanout of the\nairport’s fire response trucks and of the design and execution of the\nairport wide PFAS remedial investigation.\n* Denver International Airport – In 2025, Parsons managed and completed the\ncleanout of 20 fire response vehicles and trucks, with an average of 95\npercent PFAS removal across the entire fleet.\n* Oakland San Francisco Bay Airport – Parsons oversaw and led the cleanout\nof six fire response vehicles and one fixed storage tank in 2025. The results\nachieved a removal of 99 percent PFAS removal from all trucks and the tank.\n* Parsons presented the AFFF cleanout capabilities with the Environment Canada\nand Climate Change AFFF working group to help Canada industry transition to\nnon-PFAS containing foams.\nTogether, these capabilities reinforce Parsons’ role as a trusted PFAS\npartner, helping clients navigate evolving regulations, reduce long-term risk,\nand protect communities and critical infrastructure for the future.\n\nTo learn more about Parsons’ PFAS capabilities, visit\nhttps://www.parsons.com/pfas/.\n\nDeveloped by Cornelsen Umwelttechnologie GmbH, PerfluorAd is a biodegradable\ncleaning agent that forms a bond with PFAS, creating particles that Parsons\nfilters and removes.\n\nAbout Parsons\nParsons (NYSE: PSN) is a leading disruptive technology provider in the\nnational security and global infrastructure markets, with capabilities across\ncyber and electronic warfare, space and missile defense, transportation, water\nand environment, urban development, and critical infrastructure protection.\nPlease visit Parsons.com\n(https://www.globenewswire.com/Tracker?data=9-huEOI0X-d5camqr3wHU04Z82wz5tjM6G5OOrCe1dfAvt9Wywlobj0cYnSmHqBjo64A81TYqMdkm3zCJYQ7Ug==) and\nfollow us on LinkedIn\n(https://www.globenewswire.com/Tracker?data=dKXqLv71dSBT8pwI4_kO1bHu4IhYj4yLzvfbn1KrHmecb6Y5n9fjGw4ufLir-URLX5y0AtHTz8PyvYbt1rDXz85G7ZJd-RL2LOki6l3ALIw=) to\nlearn how we’re making an impact.\n\nForward-Looking Statements: \n\nThis document contains forward-looking statements within the meaning of the\nPrivate Securities Litigation Reform Act of 1995, Section 27A of the\nSecurities Act of 1933, as amended, and Section 21E of the Securities Exchange\nAct of 1934, as amended. Forward-looking statements are based on our current\nexpectations, beliefs and assumptions, and are not guarantees of future\nperformance. Forward-looking statements are inherently subject to\nuncertainties, risks, changes in circumstances, trends and factors that are\ndifficult to predict, many of which are outside of our control. Accordingly,\nactual performance, results and events may vary materially from those\nindicated in the forward-looking statements, and you should not rely on the\nforward-looking statements as predictions of future performance, results or\nevents. Numerous factors could cause actual future performance, results and\nevents to differ materially from those indicated in the forward-looking\nstatements, including, among others: any issue that compromises our\nrelationships with the U.S. federal government or its agencies or other state,\nlocal or foreign governments or agencies; any issues that damage our\nprofessional reputation; changes in governmental priorities that shift\nexpenditures away from agencies or programs that we support; our dependence on\nlong-term government contracts, which are subject to the government’s\nbudgetary approval process; the size of our addressable markets and the amount\nof government spending on private contractors; failure by us or our employees\nto obtain and maintain necessary security clearances or certifications;\nfailure to comply with numerous laws and regulations; changes in government\nprocurement, contract or other practices or the adoption by governments of new\nlaws, rules, regulations and programs in a manner adverse to us; the\ntermination or nonrenewal of our government contracts, particularly our\ncontracts with the U.S. federal government; our ability to compete effectively\nin the competitive bidding process and delays, contract terminations or\ncancellations caused by competitors’ protests of major contract awards\nreceived by us; our ability to generate revenue under certain of our\ncontracts; any inability to attract, train or retain employees with the\nrequisite skills, experience and security clearances; the loss of members of\nsenior management or failure to develop new leaders; misconduct or other\nimproper activities from our employees or subcontractors; our ability to\nrealize the full value of our backlog and the timing of our receipt of revenue\nunder contracts included in backlog; changes in the mix of our contracts and\nour ability to accurately estimate or otherwise recover expenses, time and\nresources for our contracts; changes in estimates used in recognizing revenue;\ninternal system or service failures and security breaches; and inherent\nuncertainties and potential adverse developments in legal proceedings,\nincluding litigation, audits, reviews and investigations, which may result in\nmaterially adverse judgments, settlements or other unfavorable outcomes. These\nfactors are not exhaustive and additional factors could adversely affect our\nbusiness and financial performance. For a discussion of additional factors\nthat could materially adversely affect our business and financial performance,\nsee the factors included under the caption “Risk Factors” in our Annual\nReport on Form 10-K for the year ended December 31, 2025, and our other\nfilings with the Securities and Exchange Commission. All forward-looking\nstatements are based on currently available information and speak only as of\nthe date on which they are made. We assume no obligation to update any\nforward-looking statement made in this press release that becomes untrue\nbecause of subsequent events, new information or otherwise, except to the\nextent we are required to do so by law.\n\nMedia Contact:\nBernadette Miller\n+1 980.253.9781\nBernadette.Miller@parsons.com\n\nInvestor Relations Contact:\nDave Spille\n+ 1 703.775.6191\nDave.Spille@parsons.us\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/5c5f7c60-e59a-4432-ac4f-44eb3e8c85dc)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-07-06T10:30:00.184762396Z","server_sent_at_ms":1783333800184},"received_at":"2026-07-06T10:30:00.322Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}