Parsons Ranks #59 on 2019 Bloomberg Government Report

Jeff Brody

Parsons Corporation (NYSE:PSN) has been named the number 59 federal defense contractor on Bloomberg Government's 2019 BGOV200 report. The study analyzes contractors by value of unclassified contracts awarded by U.S. government agencies in fiscal 2018. Parsons ranked number 76 on the previous report, an increase of 17 spots.

The rise in rankings comes after a transformational 14 months for Parsons: federal solutions revenue grew 37 percent in 2018; the company went public in May 2019; and it closed on the key defense acquisitions of Polaris Alpha, OGSystems, and QRC Technologies.

"We are honored to be included as one of the leading defense contractors, supporting the critical missions of our federal government," said Chuck Harrington, Parsons' CEO and Chairman. "As a growing, disruptive technology solutions provider, our expansion in cyber, intelligence, geospatial, missile defense, and space will continue providing significant value and capabilities to our customers and shareholders."

Check Also

FireEye

FireEye to Provide Cybersecurity Defenses to Texas DIR; Pat Sheridan Quoted

FireEye, Inc. has announced that it will offer cyber security defenses to Texas public sector agencies, under Texas Department of Information Resources (DIR), the company reported on Thursday. Through the end of 2020, FireEye security products and Mandiant Solutions services will be available to all Texas agencies, county governments, cities and school districts through DIR’s Bulk Purchase Initiative for Endpoint Detection and Response (EDR) solutions.