Parsons Secures $73M Air Force Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: seekingalpha
- Significant Contract Value: Parsons has been awarded a $73 million contract to support the Air Force Research Laboratory's Global Application Research, Development, Engineering, and Maintenance (GARDEM) program, further solidifying its market position in digital and data-driven capabilities.
- Annual Total Surpasses: This contract marks Parsons' fourth GARDEM contract win in 2026, bringing its total awards under the program to $218 million, indicating the company's sustained growth potential in the defense sector.
- Scope of Technical Support: Under the latest contract, Parsons will provide research and development, operations, and maintenance support for the GARDEM 2 enterprise platform and mission application software baselines, ensuring effective operations at existing installations and field sites.
- Capability Migration Strategy: Parsons will also oversee the migration of capabilities to its Lightweight Application Management Platform (LAMP), a scalable environment designed to accelerate mission deployment and lower lifecycle costs, enhancing the company's competitiveness in defense technology.
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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: 58.720
Low
70.00
Averages
84.00
High
107.00
Current: 58.720
Low
70.00
Averages
84.00
High
107.00
About PSN
Parsons Corporation is a disruptive 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. Its Federal Solutions segment provides advanced technical solutions to the United States government. This 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. This segment is a technology innovator focused on next-generation digital systems and complex structures. It also develops advanced, warfighter-focused solutions for military and security applications.
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 Secures $73 Million Contract for AFRL's GARDEM Mission
- Contract Value Increase: Parsons Corporation has secured a $73 million contract, supporting the Air Force Research Laboratory's Global Application Research, Development, Engineering, and Maintenance (GARDEM) mission, bringing its total awards for 2026 to $218 million, thereby reinforcing its market position in the defense sector.
- Platform Expansion: This contract expands Parsons' responsibilities for research and development and operations and maintenance across the GARDEM 2 enterprise platform and mission application software baselines, indicating the company's ongoing investment in digital and data-driven capabilities aimed at enhancing the Air Force's operational efficiency.
- Cost Efficiency Improvement: By migrating capabilities to the Lightweight Application Management Platform (LAMP), Parsons aims to accelerate global mission deployment while reducing lifecycle costs, enabling the Air Force to deploy advanced capabilities more rapidly in complex environments.
- Strategic Integration Advantage: Parsons' technical approach emphasizes technology reuse and deep integration, allowing for rapid capability updates while lowering total ownership costs for the government, ensuring mission systems can evolve at the operational speed of need, thus enhancing overall operational effectiveness.
See More
Parsons Secures $73M Air Force Contract
- Significant Contract Value: Parsons has been awarded a $73 million contract to support the Air Force Research Laboratory's Global Application Research, Development, Engineering, and Maintenance (GARDEM) program, further solidifying its market position in digital and data-driven capabilities.
- Annual Total Surpasses: This contract marks Parsons' fourth GARDEM contract win in 2026, bringing its total awards under the program to $218 million, indicating the company's sustained growth potential in the defense sector.
- Scope of Technical Support: Under the latest contract, Parsons will provide research and development, operations, and maintenance support for the GARDEM 2 enterprise platform and mission application software baselines, ensuring effective operations at existing installations and field sites.
- Capability Migration Strategy: Parsons will also oversee the migration of capabilities to its Lightweight Application Management Platform (LAMP), a scalable environment designed to accelerate mission deployment and lower lifecycle costs, enhancing the company's competitiveness in defense technology.
See More
Parsons Secures $73 Million Air Force Contract for GARDEM
- Contract Value Increase: Parsons Corp has secured a $73 million contract supporting the U.S. Air Force Research Laboratory's GARDEM mission, bringing its total GARDEM awards for 2026 to $218 million, indicating sustained growth potential in the defense sector.
- Expanded Responsibilities: This contract expands the company's responsibilities for research, development, and operations maintenance across the GARDEM 2 enterprise platform and mission application software baselines, enhancing its market position in defense infrastructure solutions.
- Leadership in Technology Migration: Parsons will lead the migration of capabilities to its Lightweight Application Management Platform, a scalable environment designed to accelerate mission deployment and reduce lifecycle costs, reflecting the company's strategic focus on technological innovation and cost control.
- Emphasis on Technology Reuse: The company's technical approach emphasizes technology reuse and integration, enabling rapid capability updates while lowering ownership costs for the government, further solidifying its competitive advantage in the defense contracting market.
See More
Parsons Corporation Breaks Ground on Key Connecticut Transportation Project
- Project Launch: Parsons Corporation, in collaboration with the Connecticut Department of Transportation and federal partners, has commenced the I-91/I-691/Route 15 Interchange Improvements Project, with a total investment of approximately $721 million aimed at enhancing mobility and safety.
- Design and Implementation: Serving as the prime design consultant, Parsons is providing comprehensive engineering services from final design through construction support, ensuring design integrity and adherence to high safety, quality, and performance standards.
- Traffic Improvements: The project is expected to reduce congestion and improve traffic weaving and merging conditions, thereby enhancing reliability for commuters, freight, and local communities, which will have a significant impact on the regional transportation network.
- Long-term Strategy: With decades of experience in global infrastructure design and program management, Parsons aims to deliver innovative, high-quality solutions that will serve the region for decades to come, reinforcing its commitment to sustainable development.
See More
Parsons Expands AI Capabilities to Drive Growth
- AI Strategic Advantage: Parsons has highlighted that eight of its last ten contracts exceeding $100 million included critical AI differentiators, underscoring the importance of AI in enhancing mission outcomes and competitive positioning.
- Accelerated Real-Time Decision Making: By applying AI within its Federal Solutions business, Parsons enhances real-time decision-making and all-domain situational awareness, thereby strengthening threat detection and response capabilities, further solidifying its leadership in defense modernization.
- Infrastructure Project Optimization: In the Critical Infrastructure segment, Parsons leverages AI to improve project planning and execution, with its AI-enabled iNET smart mobility platform deployed over 40 times globally, significantly enhancing pedestrian safety and optimizing traffic flow.
- Innovation Lab Advancement: Parsons' PALADIN Lab provides a secure environment for collaboration among government, industry, and academia, fostering emerging hardware and software development, which drives rapid prototyping and continuous delivery, ensuring the company's technological leadership in defense.
See More
Parsons Secures $28 Million Air Force Contract
- Contract Value and Duration: Parsons has secured a $28 million task order for a five-year period to provide comprehensive field support under the GARDEM 2 program, indicating the company's ongoing growth potential in the defense technology sector.
- Technical Support and Functions: This task order includes onsite training, system enhancements, integration testing, and more, aimed at accelerating the maturation and deployment of advanced technologies, thereby reinforcing Parsons' leadership position in the defense tech market.
- Additional Contracts and Total Amount: Furthermore, Parsons has also received a $99 million single-award task order to support GARDEM 2's Command and Control, Space, and Intelligence Surveillance software baselines, expanding its leadership in advanced software solutions across the all-domain battlespace.
- Market Sentiment and Stock Performance: Despite securing multiple significant contracts, retail investor sentiment around Parsons' stock remains bearish, with shares declining over 5% year-to-date, reflecting cautious market attitudes towards its future performance.
See More
Parsons Secures $73 Million Contract for AFRL's GARDEM Mission
- Contract Value Increase: Parsons Corporation has secured a $73 million contract, supporting the Air Force Research Laboratory's Global Application Research, Development, Engineering, and Maintenance (GARDEM) mission, bringing its total awards for 2026 to $218 million, thereby reinforcing its market position in the defense sector.
- Platform Expansion: This contract expands Parsons' responsibilities for research and development and operations and maintenance across the GARDEM 2 enterprise platform and mission application software baselines, indicating the company's ongoing investment in digital and data-driven capabilities aimed at enhancing the Air Force's operational efficiency.
- Cost Efficiency Improvement: By migrating capabilities to the Lightweight Application Management Platform (LAMP), Parsons aims to accelerate global mission deployment while reducing lifecycle costs, enabling the Air Force to deploy advanced capabilities more rapidly in complex environments.
- Strategic Integration Advantage: Parsons' technical approach emphasizes technology reuse and deep integration, allowing for rapid capability updates while lowering total ownership costs for the government, ensuring mission systems can evolve at the operational speed of need, thus enhancing overall operational effectiveness.
See More
Parsons Secures $73M Air Force Contract
- Significant Contract Value: Parsons has been awarded a $73 million contract to support the Air Force Research Laboratory's Global Application Research, Development, Engineering, and Maintenance (GARDEM) program, further solidifying its market position in digital and data-driven capabilities.
- Annual Total Surpasses: This contract marks Parsons' fourth GARDEM contract win in 2026, bringing its total awards under the program to $218 million, indicating the company's sustained growth potential in the defense sector.
- Scope of Technical Support: Under the latest contract, Parsons will provide research and development, operations, and maintenance support for the GARDEM 2 enterprise platform and mission application software baselines, ensuring effective operations at existing installations and field sites.
- Capability Migration Strategy: Parsons will also oversee the migration of capabilities to its Lightweight Application Management Platform (LAMP), a scalable environment designed to accelerate mission deployment and lower lifecycle costs, enhancing the company's competitiveness in defense technology.
See More
Parsons Secures $73 Million Air Force Contract for GARDEM
- Contract Value Increase: Parsons Corp has secured a $73 million contract supporting the U.S. Air Force Research Laboratory's GARDEM mission, bringing its total GARDEM awards for 2026 to $218 million, indicating sustained growth potential in the defense sector.
- Expanded Responsibilities: This contract expands the company's responsibilities for research, development, and operations maintenance across the GARDEM 2 enterprise platform and mission application software baselines, enhancing its market position in defense infrastructure solutions.
- Leadership in Technology Migration: Parsons will lead the migration of capabilities to its Lightweight Application Management Platform, a scalable environment designed to accelerate mission deployment and reduce lifecycle costs, reflecting the company's strategic focus on technological innovation and cost control.
- Emphasis on Technology Reuse: The company's technical approach emphasizes technology reuse and integration, enabling rapid capability updates while lowering ownership costs for the government, further solidifying its competitive advantage in the defense contracting market.
See More
Parsons Corporation Breaks Ground on Key Connecticut Transportation Project
- Project Launch: Parsons Corporation, in collaboration with the Connecticut Department of Transportation and federal partners, has commenced the I-91/I-691/Route 15 Interchange Improvements Project, with a total investment of approximately $721 million aimed at enhancing mobility and safety.
- Design and Implementation: Serving as the prime design consultant, Parsons is providing comprehensive engineering services from final design through construction support, ensuring design integrity and adherence to high safety, quality, and performance standards.
- Traffic Improvements: The project is expected to reduce congestion and improve traffic weaving and merging conditions, thereby enhancing reliability for commuters, freight, and local communities, which will have a significant impact on the regional transportation network.
- Long-term Strategy: With decades of experience in global infrastructure design and program management, Parsons aims to deliver innovative, high-quality solutions that will serve the region for decades to come, reinforcing its commitment to sustainable development.
See More
Parsons Expands AI Capabilities to Drive Growth
- AI Strategic Advantage: Parsons has highlighted that eight of its last ten contracts exceeding $100 million included critical AI differentiators, underscoring the importance of AI in enhancing mission outcomes and competitive positioning.
- Accelerated Real-Time Decision Making: By applying AI within its Federal Solutions business, Parsons enhances real-time decision-making and all-domain situational awareness, thereby strengthening threat detection and response capabilities, further solidifying its leadership in defense modernization.
- Infrastructure Project Optimization: In the Critical Infrastructure segment, Parsons leverages AI to improve project planning and execution, with its AI-enabled iNET smart mobility platform deployed over 40 times globally, significantly enhancing pedestrian safety and optimizing traffic flow.
- Innovation Lab Advancement: Parsons' PALADIN Lab provides a secure environment for collaboration among government, industry, and academia, fostering emerging hardware and software development, which drives rapid prototyping and continuous delivery, ensuring the company's technological leadership in defense.
See More
Parsons Secures $28 Million Air Force Contract
- Contract Value and Duration: Parsons has secured a $28 million task order for a five-year period to provide comprehensive field support under the GARDEM 2 program, indicating the company's ongoing growth potential in the defense technology sector.
- Technical Support and Functions: This task order includes onsite training, system enhancements, integration testing, and more, aimed at accelerating the maturation and deployment of advanced technologies, thereby reinforcing Parsons' leadership position in the defense tech market.
- Additional Contracts and Total Amount: Furthermore, Parsons has also received a $99 million single-award task order to support GARDEM 2's Command and Control, Space, and Intelligence Surveillance software baselines, expanding its leadership in advanced software solutions across the all-domain battlespace.
- Market Sentiment and Stock Performance: Despite securing multiple significant contracts, retail investor sentiment around Parsons' stock remains bearish, with shares declining over 5% year-to-date, reflecting cautious market attitudes towards its future performance.
See More
