Parsons Awarded $184M Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 15 2026
0mins
Parsons announced it has been awarded a $184M ceiling value single-award, indefinite-The contract supports a broad range of work areas focused on the rapid delivery of innovative capabilities that enhance speed and agility for the warfighter. ICOP is a portable, ruggedized workstation designed to help operators improve battlespace awareness and readiness in demanding operational environments.
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Analyst Views on PSN
Wall Street analysts forecast PSN stock price to rise
14 Analyst Rating
10 Buy
4 Hold
0 Sell
Moderate Buy
Current: 57.450
Low
70.00
Averages
84.00
High
107.00
Current: 57.450
Low
70.00
Averages
84.00
High
107.00
About PSN
Parsons Corporation is a technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. The Company's Federal Solutions segment provides advanced technical solutions to the United States government, delivering hardware, software and services for mission-critical projects. The segment provides advanced technologies, supporting national security missions in cyber operations, missile defense, and military facility modernization, logistics support, hazardous material remediation and engineering services. Its Critical Infrastructure segment offers integrated engineering and management services for complex physical and digital infrastructure around the globe. The segment is a technology innovator focused on next-generation digital systems and complex structures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Parsons Awarded Contract for Lusail City Infrastructure Program in Qatar
- Contract Renewal: Parsons has secured a three-year contract to manage the Lusail City Infrastructure Program, continuing its nearly 20-year partnership with Qatari Diar, which solidifies its leadership in complex urban development projects in the Middle East.
- Regional Development Catalyst: Covering 38 square kilometers with 19 districts, Lusail serves as a key driver for investment, tourism, and sustainable growth in Qatar, with Parsons' involvement supporting the goals of Qatar National Vision 2030 and enhancing regional economic development.
- Stakeholder Coordination: Under the new contract, Parsons will provide oversight for design and construction, interface management, project controls, and quality assurance, ensuring successful project delivery and enhancing its capability to coordinate multi-stakeholder projects effectively.
- Industry Recognition: Parsons' successful track record in Lusail, including large-scale infrastructure and urban development projects, has earned multiple industry awards from MEED and Big Project Middle East, further strengthening its reputation as a trusted delivery partner in the market.
See More
Parsons Launches AresNXT™ Next-Gen Biometrics Platform
- Platform Launch: Parsons Corporation has unveiled AresNXT™, a biometrics platform designed for secure and scalable identity management across critical infrastructure and national security operations, marking a significant advancement in biometric technology.
- Cross-Platform Compatibility: The platform enables rapid deployment on iOS, Android, and Windows devices, eliminating the need for specialized hardware, thereby enhancing operational efficiency and scalability to meet the growing demand for fast identity verification.
- Field Validation: AresNXT™ has already been piloted with a federal law enforcement client in Washington, D.C., demonstrating significant improvements in speed and accuracy, reduced system complexity, and enhanced interoperability, confirming its readiness for operational use.
- Industry Impact: As part of Parsons' biometrics and identity management portfolio, AresNXT™ delivers advanced solutions to law enforcement, national security, and critical infrastructure clients, enhancing security and decision-making capabilities while ensuring operational readiness in high-threat environments.
See More
Parsons Expands PFAS Solutions Portfolio to Address Environmental Challenges
- Technological Innovation: Parsons has launched four core PFAS solutions, including Hot In Situ Chemical Oxidation (Hot ISCO) and UV PFAS Destruction, leveraging 20 years of industry experience to enhance its leadership position in North America while meeting increasingly stringent environmental regulations.
- Market Expansion: Through successful projects in the U.S. and Canada, Parsons' PFAS solutions have gained widespread recognition, particularly in a 2,000 cubic yard soil remediation project in Alaska, showcasing the effectiveness and scalability of its technologies, thereby further solidifying its market share.
- Enhanced Customer Value: Parsons' AFFF cleanout service achieves over 99% PFAS removal, utilizing proprietary equipment and methods that not only reduce long-term liabilities for clients but also provide safe solutions for the firefighting industry, thereby enhancing client trust.
- Commitment to Sustainability: The company is dedicated to driving sustainability in PFAS management through ongoing R&D and technological innovation, ensuring that it meets client needs while actively addressing environmental challenges, demonstrating a strong sense of social responsibility.
See More
Parsons Corporation to Release Q2 2026 Financial Results
- Earnings Release Schedule: Parsons Corporation is set to announce its Q2 2026 financial results before market open on July 29, 2026, which is expected to provide critical financial data and future guidance to help investors assess the company's performance.
- Conference Call Details: The company will host a conference call at 8:00 a.m. Eastern Time on the same day to discuss the earnings results and conduct a Q&A session, enhancing interaction with investors and improving transparency.
- Webcast Access: Investors can access the live conference call via a link available in the Investor Relations section of the company's website, ensuring broad participation and information dissemination, which further enhances the company's image.
- Replay Service: A replay of the earnings call will be available approximately two hours after the meeting on the company's website, providing convenience for investors who could not participate live and enhancing the accessibility of information.
See More
Raft and Parsons Collaborate to Accelerate Military Modernization
- Strategic Partnership: Raft and Parsons Corporation announced their participation in Raft's Partner Program to accelerate the delivery of data and AI capabilities to military operators in the Indo-Pacific, thereby enhancing joint force lethality and decision-making speed.
- Driving Technological Innovation: Through this collaboration, Parsons will work with Raft to advance data and AI adoption, ensuring improved operational resilience and decision advantage in complex environments, meeting customer demands for rapid adaptation to mission needs.
- Modernization Training Initiative: In a recent Pacific Operator Training event, Raft and Parsons brought together military leaders and operators to educate on modern data architectures and AI technologies, supporting operational missions throughout the Indo-Pacific region.
- Shift to Continuous Collaboration: This partnership reflects a broader shift in defense modernization towards ongoing collaboration, as Raft and Parsons leverage their expertise to enhance operational readiness and modernization efforts across the Indo-Pacific.
See More
Raft Partners with Parsons to Accelerate Military Modernization
- Strategic Partnership: Raft and Parsons have announced their participation in Raft's Partner Program, aimed at accelerating the delivery of data and AI capabilities to military operators in the Indo-Pacific, thereby enhancing joint force lethality and decision-making speed.
- Support for Modernization: Through this collaboration, Parsons will work alongside Raft to advance modernization efforts in the region, promoting the adoption of data and AI to improve decision advantage and operational resilience, ensuring force effectiveness in contested environments.
- Capability to Meet Challenges: Military forces in the Indo-Pacific face unprecedented demands to operate across vast distances under degraded conditions, and this partnership will provide advanced technological support to counter increasingly sophisticated adversaries.
- Trend of Continuous Collaboration: This engagement reflects a broader shift in defense modernization towards continuous collaboration, as demonstrated by Raft and Parsons' joint training activities in the Pacific, which enhance operational readiness through shared expertise in modern data architectures and AI technologies.
See More
Parsons Awarded Contract for Lusail City Infrastructure Program in Qatar
- Contract Renewal: Parsons has secured a three-year contract to manage the Lusail City Infrastructure Program, continuing its nearly 20-year partnership with Qatari Diar, which solidifies its leadership in complex urban development projects in the Middle East.
- Regional Development Catalyst: Covering 38 square kilometers with 19 districts, Lusail serves as a key driver for investment, tourism, and sustainable growth in Qatar, with Parsons' involvement supporting the goals of Qatar National Vision 2030 and enhancing regional economic development.
- Stakeholder Coordination: Under the new contract, Parsons will provide oversight for design and construction, interface management, project controls, and quality assurance, ensuring successful project delivery and enhancing its capability to coordinate multi-stakeholder projects effectively.
- Industry Recognition: Parsons' successful track record in Lusail, including large-scale infrastructure and urban development projects, has earned multiple industry awards from MEED and Big Project Middle East, further strengthening its reputation as a trusted delivery partner in the market.
See More
Parsons Launches AresNXT™ Next-Gen Biometrics Platform
- Platform Launch: Parsons Corporation has unveiled AresNXT™, a biometrics platform designed for secure and scalable identity management across critical infrastructure and national security operations, marking a significant advancement in biometric technology.
- Cross-Platform Compatibility: The platform enables rapid deployment on iOS, Android, and Windows devices, eliminating the need for specialized hardware, thereby enhancing operational efficiency and scalability to meet the growing demand for fast identity verification.
- Field Validation: AresNXT™ has already been piloted with a federal law enforcement client in Washington, D.C., demonstrating significant improvements in speed and accuracy, reduced system complexity, and enhanced interoperability, confirming its readiness for operational use.
- Industry Impact: As part of Parsons' biometrics and identity management portfolio, AresNXT™ delivers advanced solutions to law enforcement, national security, and critical infrastructure clients, enhancing security and decision-making capabilities while ensuring operational readiness in high-threat environments.
See More
Parsons Expands PFAS Solutions Portfolio to Address Environmental Challenges
- Technological Innovation: Parsons has launched four core PFAS solutions, including Hot In Situ Chemical Oxidation (Hot ISCO) and UV PFAS Destruction, leveraging 20 years of industry experience to enhance its leadership position in North America while meeting increasingly stringent environmental regulations.
- Market Expansion: Through successful projects in the U.S. and Canada, Parsons' PFAS solutions have gained widespread recognition, particularly in a 2,000 cubic yard soil remediation project in Alaska, showcasing the effectiveness and scalability of its technologies, thereby further solidifying its market share.
- Enhanced Customer Value: Parsons' AFFF cleanout service achieves over 99% PFAS removal, utilizing proprietary equipment and methods that not only reduce long-term liabilities for clients but also provide safe solutions for the firefighting industry, thereby enhancing client trust.
- Commitment to Sustainability: The company is dedicated to driving sustainability in PFAS management through ongoing R&D and technological innovation, ensuring that it meets client needs while actively addressing environmental challenges, demonstrating a strong sense of social responsibility.
See More
Parsons Corporation to Release Q2 2026 Financial Results
- Earnings Release Schedule: Parsons Corporation is set to announce its Q2 2026 financial results before market open on July 29, 2026, which is expected to provide critical financial data and future guidance to help investors assess the company's performance.
- Conference Call Details: The company will host a conference call at 8:00 a.m. Eastern Time on the same day to discuss the earnings results and conduct a Q&A session, enhancing interaction with investors and improving transparency.
- Webcast Access: Investors can access the live conference call via a link available in the Investor Relations section of the company's website, ensuring broad participation and information dissemination, which further enhances the company's image.
- Replay Service: A replay of the earnings call will be available approximately two hours after the meeting on the company's website, providing convenience for investors who could not participate live and enhancing the accessibility of information.
See More
Raft and Parsons Collaborate to Accelerate Military Modernization
- Strategic Partnership: Raft and Parsons Corporation announced their participation in Raft's Partner Program to accelerate the delivery of data and AI capabilities to military operators in the Indo-Pacific, thereby enhancing joint force lethality and decision-making speed.
- Driving Technological Innovation: Through this collaboration, Parsons will work with Raft to advance data and AI adoption, ensuring improved operational resilience and decision advantage in complex environments, meeting customer demands for rapid adaptation to mission needs.
- Modernization Training Initiative: In a recent Pacific Operator Training event, Raft and Parsons brought together military leaders and operators to educate on modern data architectures and AI technologies, supporting operational missions throughout the Indo-Pacific region.
- Shift to Continuous Collaboration: This partnership reflects a broader shift in defense modernization towards ongoing collaboration, as Raft and Parsons leverage their expertise to enhance operational readiness and modernization efforts across the Indo-Pacific.
See More
Raft Partners with Parsons to Accelerate Military Modernization
- Strategic Partnership: Raft and Parsons have announced their participation in Raft's Partner Program, aimed at accelerating the delivery of data and AI capabilities to military operators in the Indo-Pacific, thereby enhancing joint force lethality and decision-making speed.
- Support for Modernization: Through this collaboration, Parsons will work alongside Raft to advance modernization efforts in the region, promoting the adoption of data and AI to improve decision advantage and operational resilience, ensuring force effectiveness in contested environments.
- Capability to Meet Challenges: Military forces in the Indo-Pacific face unprecedented demands to operate across vast distances under degraded conditions, and this partnership will provide advanced technological support to counter increasingly sophisticated adversaries.
- Trend of Continuous Collaboration: This engagement reflects a broader shift in defense modernization towards continuous collaboration, as demonstrated by Raft and Parsons' joint training activities in the Pacific, which enhance operational readiness through shared expertise in modern data architectures and AI technologies.
See More
