Parsons Corporation Common Stock (PSN)

Competitors to Parsons Corporation Common Stock (PSN)

AECOM 

AECOM and Parsons Corporation both operate in the engineering and construction sectors, offering a wide range of services including project management, design, and consulting. AECOM is larger and has a more global footprint, which enables it to engage in more expansive projects across various regions. However, Parsons often focuses on high-tech and defense-related projects, giving it a niche advantage in certain markets. The distinct specialization in advanced technologies and cybersecurity can make Parsons the preferred choice for clients with specific security needs.

Fluor Corporation 

Fluor Corporation is a prominent player in the engineering and construction sectors, similar to Parsons Corporation. Both companies compete for government and commercial contracts in infrastructure and energy sectors. While Fluor boasts a strong reputation in large-scale industrial projects, Parsons is increasingly recognized for its expertise in high-tech engineering and cybersecurity applications. This specialization offers Parsons a competitive edge when dealing with clients that prioritize advanced technology in their projects.

Jacobs Engineering Group 

Jacobs Engineering Group offers a broad array of services similar to those of Parsons, including engineering, consulting, and construction management. Both companies target infrastructure and government contracts, but Jacobs has a larger market share and a more diversified service portfolio, which gives it a significant competitive edge. Parsons, however, leverages its niche capabilities in technology and defense to compete effectively, especially in specialized markets where clients seek cutting-edge solutions.

Kiewit Corporation

Kiewit Corporation is known for its extensive work in construction and engineering, focusing on various sectors including transportation, water resources, and mining. Kiewit's competitive advantage lies in its extensive construction capabilities and strong track record on large projects. In contrast, Parsons Corporation focuses more on technology-driven solutions and project management. The differentiation in service offerings allows Parsons to carve out a specific market niche, especially in areas requiring advanced technologies and security solutions.