Parsons Corp.’s eyes are on a pair of funding pools the company views as core to its continued growth in 2023 after an all-time record year for revenue in 2022.
And while the budget picture for the government’s next fiscal year is as murky as it can possibly be, the appropriations in place through Sept. 30 at least give a short window of certainty for Parsons and the rest of industry.
During Parsons’ fourth quarter earnings call Wednesday, chief executive Carey Smith told investors the company has a bullish outlook on the overall defense budget and so-called RDT&E funding — short for research, development, test, and evaluation.