PSN Parsons Services Company
Price Chart
Executive Summary
Parsons Corporation announced a $28 million task order from the U.S. Air Force under the GARDEM 2 program for Field Site Support. This brings Parsons' total GARDEM awards in 2026 to $218 million, reinforcing its role as a mission-critical contractor for Air Force software and technology deployment.
Key Financial Metrics
Actionable Insight
The $218M cumulative GARDEM awards signal sustained revenue visibility from a key U.S. Air Force program. Given Parsons' strong win rate and 100% T+20 win rate on prior analyst calls, the contract flow supports a positive read-through for backlog growth. No immediate catalyst date provided — monitor future 10-Q for backlog updates.
Key Facts
- $28 million task order from U.S. Air Force under GARDEM 2 program
- Five-year task order for onsite training, system enhancements, integration, testing, and lifecycle maintenance
- Fourth GARDEM award in 2026, bringing total awards to $218 million
- Parsons has supported the GARDEM mission since 2019
- Award reinforces Parsons' role in cyber, electronic warfare, space, and advanced software for national security
Financial Impact
$28 million task order; cumulative $218 million in GARDEM 2 awards for 2026
Risk Factors
- Task order value is modest relative to Parsons' $6.5B market cap
- Government contracts subject to budget prioritization and termination risk
- No material change to earnings guidance or consensus estimates
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3305879 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 9, 2026
3d ago
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Press Release
| $57.84 awaiting T+1 | awaiting T+1 | — | $56.70 (−1.97%) |
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Jun 8, 2026
4d ago
|
Press Release
| $58.74 awaiting T+1 | awaiting T+1 | — | $56.70 (−3.46%) |
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Jun 3, 2026
9d ago
|
Press Release
| $59.95 $60.64 | ▲ +1.15% | ▲ +0.75% | $56.70 (−5.42%) |
|
May 12, 2026
4w ago
|
Press Release
| $52.70 $50.34 | ▼ −4.48% | ▼ −5.05% | $56.70 (+7.59%) |
|
May 8, 2026
5w ago
|
Insider Cluster
| $50.38 $51.48 | ▲ +2.18% | ▲ +2.25% | $56.70 (+12.54%) |
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May 8, 2026
5w ago
|
Insider Cluster
| $49.18 $48.74 | ▼ −0.89% | ▼ −1.13% | $56.70 (+15.29%) |
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May 8, 2026
5w ago
|
Insider Cluster
| $49.18 $48.74 | ▼ −0.89% | ▼ −1.13% | $56.70 (+15.29%) |
|
Apr 29, 2026
6w ago
|
Press Release
| $50.30 $50.41 | ▲ +0.22% | ▼ −0.80% | $56.70 (+12.72%) |
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Apr 27, 2026
6w ago
|
Press Release
| $51.50 $51.84 | ▲ +0.66% | ▲ +1.15% | $56.70 (+10.10%) |
|
Apr 20, 2026
7w ago
|
Press Release
| $54.92 $54.37 | ▼ −1.00% | ▼ −0.35% | $56.70 (+3.24%) |
US Market Status
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