What Happened
Defense Contractor Sees Strong Book-To-Bill Ratio And Profitable Growth
Parsons has reported $1.6 billion in revenue for the second quarter of 2026, with a total backlog of $9.3 billion. The company’s federal solutions segment posted $761 million in revenue, while the critical infrastructure segment reported $815 million. Parsons CEO Carey Smith highlighted the company’s strong book-to-bill ratio and profitable growth, citing recent defense contract wins. The company’s M&A strategy has also contributed to its growth, with recent acquisitions expanding its capabilities in areas such as SIGINT and space. This was reported by Executive Mosaic.