Parsons Corporation opened a new facility in Redstone Gateway to enhance support for national security and defense initiatives.
Quiver AI Summary
Parsons Corporation has opened a new 27,000-square-foot facility in Redstone Gateway, Virginia, to enhance its capabilities in national security and defense, particularly in missile systems and space technology. Located near Redstone Arsenal, the facility aims to support the Huntsville defense community by providing agile, mission-ready solutions and fostering collaboration with government, industry, and academic partners. The space features 21,000 square feet of high-bay area for advanced programs, along with offices and secure environments tailored to customer needs. This strategic investment reflects Parsons' ongoing commitment to defense initiatives and aims to bolster collaborative efforts in national security among various stakeholders.
Potential Positives
- Parsons Corporation has opened a new 27,000-square-foot facility in Redstone Gateway, enhancing its commitment to national security and strengthening its position as a trusted partner in defense, space, and missile systems.
- The facility's strategic location near Redstone Arsenal improves Parsons’ ability to deliver agile, mission-ready solutions and fosters closer collaboration with key government, industry, and academic partners.
- The investment in this facility highlights Parsons’ commitment to supporting national defense initiatives and strengthens its alignment with the U.S. Department of Defense and U.S. Space Force missions.
- Parsons’ new capabilities at the Redstone Gateway facility are expected to enable greater collaboration among local, state, and federal entities, enhancing the effectiveness of operations in the space and missile defense sectors.
Potential Negatives
- None
FAQ
What is Parsons Corporation's latest facility location?
Parsons Corporation has opened its newest facility in Redstone Gateway, near Redstone Arsenal's Gate 9.
What is the purpose of the new facility in Huntsville?
The facility aims to strengthen Parsons' commitment to national security and mission-focused innovation in the defense community.
How large is the new facility at Redstone Gateway?
The facility spans 27,000 square feet, including 21,000 square feet of high-bay space.
What type of programs will the facility support?
The facility is designed to support advanced programs related to defense, space, and missile systems.
Why is the facility's location important for collaboration?
Its proximity to Redstone Arsenal enables seamless integration and enhances collaboration with government, industry, and academic partners.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PSN Hedge Fund Activity
We have seen 214 institutional investors add shares of $PSN stock to their portfolio, and 278 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,428,858 shares (+90.0%) to their portfolio in Q2 2025, for an estimated $102,549,138
- MILLENNIUM MANAGEMENT LLC removed 1,321,714 shares (-91.6%) from their portfolio in Q2 2025, for an estimated $94,859,413
- CITADEL ADVISORS LLC removed 1,283,491 shares (-74.1%) from their portfolio in Q2 2025, for an estimated $92,116,149
- NEWPORT TRUST COMPANY, LLC removed 846,938 shares (-1.6%) from their portfolio in Q2 2025, for an estimated $60,784,740
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added 793,807 shares (+72.5%) to their portfolio in Q2 2025, for an estimated $56,971,528
- JUNTO CAPITAL MANAGEMENT LP added 762,616 shares (+inf%) to their portfolio in Q2 2025, for an estimated $54,732,950
- WEDGE CAPITAL MANAGEMENT L L P/NC removed 680,311 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $40,281,214
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$PSN Analyst Ratings
Wall Street analysts have issued reports on $PSN in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Baird issued a "Outperform" rating on 08/07/2025
- Keybanc issued a "Overweight" rating on 08/07/2025
- Truist Securities issued a "Buy" rating on 07/24/2025
- Stifel issued a "Buy" rating on 06/24/2025
- Goldman Sachs issued a "Buy" rating on 06/04/2025
- B of A Securities issued a "Buy" rating on 06/03/2025
To track analyst ratings and price targets for $PSN, check out Quiver Quantitative's $PSN forecast page.
$PSN Price Targets
Multiple analysts have issued price targets for $PSN recently. We have seen 9 analysts offer price targets for $PSN in the last 6 months, with a median target of $84.0.
Here are some recent targets:
- Noah Poponak from Goldman Sachs set a target price of $81.0 on 08/13/2025
- Andrew Wittmann from Baird set a target price of $92.0 on 08/07/2025
- Sangita Jain from Keybanc set a target price of $84.0 on 08/07/2025
- Tobey Sommer from Truist Securities set a target price of $90.0 on 07/24/2025
- Brian Gesuale from Raymond James set a target price of $90.0 on 07/08/2025
- Sheila Kahyaoglu from Jefferies set a target price of $80.0 on 07/02/2025
- Jonathan Siegmann from Stifel set a target price of $81.0 on 06/24/2025
Full Release
CHANTILLY, Va., Sept. 08, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has officially opened its newest facility in Redstone Gateway, reinforcing its commitment to national security, mission-focused innovation, and the Huntsville defense community. Strategically located just outside Redstone Arsenal’s Gate 9, the 27,000-square-foot facility strengthens Parsons’ position as a trusted partner in defense, space, and missile systems.
“As a longtime contributor to Huntsville’s defense ecosystem, our new Redstone Gateway facility is a strategic investment to better serve our customers and support the warfighter,” said Jim Matthews, Parsons Vice President, Mission Systems Analysis. “This new facility and its customer proximity enhance our ability to deliver agile, mission-ready solutions and collaborate closely with key government, industry, and academic partners.”
The facility includes 21,000 square feet of high-bay space capable of supporting a variety of advanced programs. The remaining space is dedicated to offices, collaboration areas, and secure environments tailored to customer needs. Its proximity to Redstone Arsenal enables seamless integration with ongoing programs and supports rapid development, testing, and deployment cycles on important administration national security priorities, including Golden Dome.
Steven M. Rush, Director of the Missile and Space Intelligence Center (MSIC), emphasized the importance of the investment, stating, “The significant investment by Parsons in the new facility at Redstone Gateway represents a continued commitment to both the Redstone Arsenal space and missile defense missions as well as the broader Huntsville community. The new capabilities Parsons brings to support national defense and our space missions will enable greater collaboration and delivery of solutions between local, state, and federal government organizations, private sector companies, and academic partners to ensure Redstone Arsenal and Huntsville will be able to deliver continued dominance in the space and missile domains. Continued investments like this help to ensure the security of our nation and are another example of what makes Huntsville special — a united community focused on the hardest technical problem sets, sharing similar values and goals to protect our nation.”
Parsons’ expansion in Redstone Gateway underscores its strategic alignment with the missions of Redstone Arsenal, the U.S. Department of Defense, the U.S. Space Force, and the future of space and missile defense. As a key player in delivering next-generation solutions, Parsons continues to invest in people, technology, and infrastructure to meet evolving mission needs.
  Media Contact:
  
  Angie Benfield
  
  +1 803.334.5277
  
  
   [email protected]
  
 
  Investor Relations Contact:
  
  Dave Spille
  
  + 1 703.775.6191
  
  
   [email protected]
  
 
 
         
       
       
    