Parsons unveils BlueFly sensor for emergency response operations

CHANTILLY, Va. - Parsons Corporation (NYSE:PSN), a technology solutions provider with annual revenue of $6.77 billion and strong financial health according to InvestingPro, announced today the development of BlueFly, a new search and rescue sensor designed to enhance emergency response capabilities.

The device, developed by QRC, a Parsons Company, uses Bluetooth low-energy detection technology to help drone operator first responders locate missing persons in challenging environments.

According to the company’s press release, BlueFly can detect signals from common wearable electronics such as smartwatches, wireless earbuds, fitness trackers, and medical monitoring devices. This capability allows responders to locate individuals who may be carrying or wearing these devices.

"BlueFly exemplifies Parsons’ commitment to empowering our first responders with the best tools available," said QRC Vice President and General Manager Kate Jones in the statement. "In high-stakes situations, every second counts."

The sensor weighs less than one pound and has a detection range of up to 200 meters. Parsons states the device is drone-agnostic, meaning it can be integrated with various drone platforms.

Key features of the BlueFly system include data collection and analysis capabilities, large-area monitoring, and real-time data delivery to command centers.

The technology is designed to accelerate search operations in remote or difficult terrain where traditional search methods may be less effective.

Parsons Corporation, listed on the New York Stock Exchange, provides technology solutions in various sectors including national security, global infrastructure, cyber and intelligence, and environmental remediation.

The announcement was made through a company press release issued today from Parsons’ headquarters in Chantilly, Virginia.

In other recent news, Parsons Corporation has been recognized with the Diamond Award from the American Council of Engineering Companies of New York for its role in the Brooklyn Bridge Rehabilitation Project. This $300 million project aimed to modernize the iconic bridge while maintaining its historical essence. Additionally, Parsons has been appointed as the Project Management Consultant for the Dubai Metro Blue Line project, a five-year contract that includes various project management services. The Dubai Metro Blue Line is expected to be operational by 2029.

In terms of financial projections, KeyBanc has raised Parsons’ stock price target from $73 to $82, maintaining an Overweight rating. The adjustment is due to Parsons’ updated guidance that excludes a confidential contract, with KeyBanc noting growth in the company’s Critical Infrastructure segment. Meanwhile, Raymond James has upgraded Parsons’ stock rating to Strong Buy with a $90 price target, citing de-risked estimates and potential growth opportunities in federal contracts and missile defense initiatives.

Parsons also received the Engineering Excellence Award from the American Council of Engineering Companies of Missouri for its work on the I-270 North Design-Build Project. This $252 million project involved significant infrastructure improvements to enhance safety and traffic flow. These developments reflect Parsons’ ongoing influence in the engineering and infrastructure sectors.

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