Parsons Corporation Unveils BlueFly™: A Breakthrough Search and Rescue Sensor for Enhanced Emergency Response

Parsons Corporation announces BlueFly™, a search and rescue sensor improving emergency response efficiency through advanced detection technology.

Quiver AI Summary

Parsons Corporation has announced the development of BlueFly™, a cutting-edge search and rescue sensor aimed at enhancing the capabilities of emergency response teams. Created by QRC®, a subsidiary of Parsons, BlueFly™ utilizes advanced Bluetooth low-energy detection technology to provide real-time situational awareness for drone operators during search and rescue missions in difficult terrains. The lightweight sensor, which weighs less than a pound and has a detection range of up to 200 meters, is designed to identify signals from common wearable devices, aiding in the rapid location of missing individuals. BlueFly™ is intended to improve operational speed and outcomes in critical situations. For more details, visit Parsons' official website.

Potential Positives

Parsons Corporation has developed BlueFly™, an innovative search and rescue sensor that enhances emergency response capabilities.
BlueFly™ utilizes state-of-the-art technology to improve situational awareness for first responders, potentially increasing survival rates in critical situations.
The product is designed to be drone-agnostic and features real-time data delivery and extensive monitoring capabilities, appealing to a wide range of emergency response agencies.
This development reinforces Parsons' commitment to empowering first responders, strengthening the company’s reputation in the technology-driven solutions market.

Potential Negatives

None

FAQ

What is BlueFly™ by Parsons Corporation?

BlueFly™ is an innovative search and rescue sensor designed to enhance emergency response capabilities in remote environments.

How does BlueFly™ improve search and rescue operations?

It provides real-time situational awareness by detecting Bluetooth and Wi-Fi signals from wearable electronics, thus accelerating search operations.

What technologies does BlueFly™ utilize?

BlueFly™ leverages advancements in Bluetooth low-energy detection to offer comprehensive data collection and analysis for first responders.

What is the detection range of BlueFly™?

BlueFly™ has a detection range of up to 200 meters, making it effective for large-area monitoring during rescue missions.

Where can I learn more about BlueFly™?

For more information, visit the official BlueFly™ product page at www.parsons.com/products/bluefly/.

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 186 institutional investors add shares of $PSN stock to their portfolio, and 238 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CITADEL ADVISORS LLC added 1,647,373 shares (+1941.9%) to their portfolio in Q1 2025, for an estimated $97,540,955
INVESCO LTD. removed 1,450,953 shares (-70.6%) from their portfolio in Q1 2025, for an estimated $85,910,927
MILLENNIUM MANAGEMENT LLC added 1,109,689 shares (+332.9%) to their portfolio in Q1 2025, for an estimated $65,704,685
JPMORGAN CHASE & CO added 863,622 shares (+56.4%) to their portfolio in Q1 2025, for an estimated $51,135,058
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
VAN ECK ASSOCIATES CORP added 570,446 shares (+113.6%) to their portfolio in Q1 2025, for an estimated $33,776,107
LORD, ABBETT & CO. LLC removed 561,272 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $33,232,915

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:

Keybanc issued a "Overweight" rating on 07/16/2025
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
Truist Securities issued a "Buy" rating on 05/01/2025
Benchmark issued a "Buy" rating on 02/26/2025

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 10 analysts offer price targets for $PSN in the last 6 months, with a median target of $80.5.

Here are some recent targets:

Eric Heath from Keybanc set a target price of $82.0 on 07/16/2025
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
Noah Poponak from Goldman Sachs set a target price of $80.0 on 06/04/2025
Ronald Epstein from B of A Securities set a target price of $95.0 on 06/03/2025
Tobey Sommer from Truist Securities set a target price of $80.0 on 05/01/2025

Full Release

CHANTILLY, Va., July 21, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN), a leader in technology-driven solutions, is proud to announce the development of BlueFly™, an innovative search and rescue sensor that enhances the capabilities of emergency response teams. Designed with state-of-the-art technology and affordability in mind, BlueFly™ aims to revolutionize how agencies conduct search and rescue missions in challenging and remote environments.

Developed by QRC®, a Parsons Company, the BlueFly™ platform leverages the latest advancements in Bluetooth low-energy detection to provide real-time situational awareness support for drone operator first responders. This comprehensive solution accelerates search operations and dramatically improves the probability of survival and outcomes.

“BlueFly™ exemplifies Parsons’ commitment to empowering our first responders with the best tools available,” said QRC® Vice President and General Manager Kate Jones. “In high-stakes situations, every second counts. BlueFly™ is engineered to detect Bluetooth Low Energy and Wi-Fi signals from common wearable electronics, such as smartwatches, wireless earbuds, fitness trackers, and medical monitoring devices like glucose monitors—allowing responders to rapidly locate missing individuals.”

Weighing less than a pound and packing a detection range of up to 200 meters, BlueFly™ is designed to be drone-agnostic. Key features include enhanced data collection and analysis, large-area monitoring, and real-time data delivery to command centers.

For more information about BlueFly™ and to see how it can enhance your search and rescue operations, visit: www.parsons.com/products/bluefly/ .

About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

Media Contact:
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Investor Relations Contact:
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