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Parsons expands next-gen military work with BlackHorse acquisition

Centreville, Virginia-based defense, engineering and IT security contractor Parsons Corporation will buy Herndon-based BlackHorse Solutions for $203 million. ....

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Oil and Gas Cybersecurity Market 2025 | Dominance of North America Predicted to Continue in Oil and Gas Cybersecurity Market, States Fairfield Market Research

Oil and Gas Cybersecurity Market 2025 | Dominance of North America Predicted to Continue in Oil and Gas Cybersecurity Market, States Fairfield Market Research
iCrowd Newswire
09 Jun 2021, 21:10 GMT+10
Every industry has embraced digitisation and the oil & gas industry is no different. Due to the rising incidence rates of cyberattacks and phishing, companies are increasingly giving cybersecurity the urgent attention it deserves. Organizations have now shifted from a reactive towards a proactive approach to cybersecurity as next-gen technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) have increased the likelihood of cybersecurity breaches. To nip cybersecurity threats in the bud, several oil & gas companies are looking at the oil and gas cybersecurity market. ....

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Parsons Reports Fourth Quarter and Full Year 2020 Results

Parsons Reports Fourth Quarter and Full Year 2020 Results
Q4 2020 Highlights
- Revenue of $964 million, includes $45 million of adverse impact from COVID-19
- Net income of $22 million and margin of 2.2%; adjusted EBITDA of $90 million and margin of 9.4%
- Cash flow from operating activities of $176 million
- Book-to-bill ratio of 1.1x for Q4 2020 and on a trailing 12-month basis
- Closed Braxton acquisition; accelerates growth and expands margins in high-priority space market
- Recognized by Forbes as one of the world s best employers and by Ethisphere as one of the world s most ethical companies
Fiscal year 2020 Highlights
- Net income of $99 million and margin of 2.5% ....

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Covid takes a bite out of Parsons' 4Q; company leaves missile contract

Covid takes a bite out of Parsons' 4Q; company leaves missile contract
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Loss of U.S. Space Command a "missed opportunity" for Colorado Springs

Colorado Springs Mayor John Suthers responds to the announcement about the future home of US Space Command. (Video provided by the City of Colorado Springs)
John Suthers has plenty of economic development wins as mayor a massive Amazon distribution center and Southwest Airlines expanding to Colorado Springs to name two but he called the loss of the U.S. Space Command to Huntsville, Ala., his biggest setback.
We haven t had a whole lot of economic development bad news, but this would be my greatest (economic development) disappointment Suthers said during a news conference Wednesday on the headquarters decision.
Suthers was highly critical of the decision, calling it a political favor to Alabama s two U.S. senators, who championed President Donald Trump s efforts to object to electoral votes for Joe Biden by Arizona and Pennsylvania, and Republican U.S. Rep. Mo Brooks, who represents the Huntsville area. ....

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