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 | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
2d ago
|
Press Release
| — | awaiting T+5 | — | — |
|
May 12, 2026
24d ago
|
Press Release
| $52.70 $51.48 | ▼ −2.31% | ▼ −2.39% | $58.72 (+11.42%) |
|
May 8, 2026
28d ago
|
Insider Cluster
| — | awaiting T+5 | — | — |
|
May 8, 2026
28d ago
|
Insider Cluster
| $49.18 $51.15 | ▲ +4.01% | ▲ +2.54% | $58.72 (+19.40%) |
|
May 8, 2026
28d ago
|
Insider Cluster
| $49.18 $51.15 | ▲ +4.01% | ▲ +2.54% | $58.72 (+19.40%) |
|
Apr 29, 2026
5w ago
|
Press Release
| $50.30 $49.80 | ▼ −0.99% | ▼ −4.10% | $58.72 (+16.74%) |
|
Apr 27, 2026
5w ago
|
Press Release
| $51.50 $50.02 | ▼ −2.87% | ▼ −3.27% | $58.72 (+14.02%) |
|
Apr 20, 2026
6w ago
|
Press Release
| $54.92 $51.50 | ▼ −6.23% | ▼ −7.14% | $58.72 (+6.92%) |
|
Apr 15, 2026
7w ago
|
Press Release
| $56.57 $53.67 | ▼ −5.13% | ▼ −6.77% | $58.72 (+3.80%) |
|
Apr 14, 2026
7w ago
|
Press Release
| $56.00 $54.37 | ▼ −2.91% | ▼ −4.30% | $58.72 (+4.86%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access