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."