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Parsons Corporation (PSN) Bank of America 33rd Annual Industrials, Transportation and Airlines Key Leaders Conference May 13, 2026 2:55 PM EDT
Company Participants
Carey Smith - President, CEO & Chairwoman
Matt Ofilos - Chief Financial Officer
Conference Call Participants
Mariana Perez Mora - BofA Securities, Research Division
Presentation
Mariana Perez Mora
BofA Securities, Research Division
For the fireside chat with Parsons, I'm here with Carey Smith, CEO; and Matt Ofilos, CFO. Thank you both for being here.
Carey Smith
President, CEO & Chairwoman
Thank you for hosting us, Mariana.
Question-and-Answer Session
Mariana Perez Mora
BofA Securities, Research Division
Amazing. So I like on this industrials conference is to start with, can you give us a quick overview for whoever is not familiar with Parsons on what do you do? What are the key markets you work at?
Carey Smith
President, CEO & Chairwoman
Sure. So Parsons reports in 2 segments: Federal Solutions and Critical Infrastructure, and it's roughly a 50-50 business. We have 21,000 employees throughout the world, 25 countries, all 50 states. And we have 6 end markets that we like to discuss the company in terms of. The first one is Cyber and Electronic Warfare, where I would say we're a distinguished player in how you use cyber and electronic warfare techniques in ways such as non-kinetic effects. And we also do about 75% offensive, 25% defensive cyber. That represents about 21% of the company's revenue.
The second area would be Space and Missile Defense. That's about 14% of our revenue. We are the #1 system engineering and integration company with the Missile Defense Agency, a role that's going to be critical for the Golden Dome program since getting to the flight test by 2028 is really going to require integration of a lot of the existing capabilities that we have. We also provide capabilities
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