This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Parsons Corporation derives approximately one-third of its revenue from arms sales and military services, with SIPRI data showing defense revenue of $1.8 billion representing 33.8% of total company revenue in 2023. The company is a consistent presence among the world’s top 100 arms producers and military services firms. Its work includes specialized defense contracts, such as a Cooperative Research and Development Agreement (CRADA) with the U.S. Army for “Project Linchpin,” focused on the development of artificial intelligence for defense systems. Parsons has also faced litigation related to its defense contracting, including a dismissed False Claims Act lawsuit concerning a munitions contract in Iraq. The scale and specialization of its military work—far exceeding incidental sales of dual-use products—place the company within the war-industrial complex.
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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