Parsons Stock Price, News & Analysis

Parsons (NYSE: PSN) announced on Dec 22, 2025 that it was awarded a position on the Missile Defense Agency (MDA) SHIELD indefinite-delivery/indefinite-quantity (IDIQ) contract with a ceiling of $151 billion. The IDIQ covers a broad range of work areas to support rapid delivery of innovative capabilities to the warfighter with increased speed and agility. The announcement highlights Parsons' national security and infrastructure capabilities across cyber, electronic warfare, space and missile defense, transportation and critical infrastructure protection.

Parsons (NYSE: PSN) was awarded a $30 million contract and a novation to the U.S. Space Development Agency (SDA) on Dec. 22, 2025 to expand a prior $11 million DARPA Blackjack award from 2021. Parsons will consolidate OEM spacecraft support and deliver Blackjack mission operations from its Parsons Space Operations Center using the OrbitXChange platform and the Ground Operations Center as-a-Service solution. The scope includes mission planning, advanced experimentation, operational planning services, and connectivity to commercial ground station providers to enable global coverage and enhanced satellite operations.

Parsons (NYSE: PSN) was awarded a task order exceeding $100 million by Nammo to provide design and program and construction management (PM/CM) for a new rocket motor manufacturing facility in Perry, Florida.

The contract supports the Department of War’s Acquisition Transformation Strategy, comprises a two-year construction period, and represents new work for Parsons. Parsons and Nammo broke ground on the project in October, and Parsons was ranked a top program management and construction management firm by Engineering News-Record in 2025.

Parsons (NYSE:PSN) named John Martinez as its next chief legal officer, effective February 16, 2026. Martinez brings more than 25 years of legal and executive experience across public and private sectors, including prior roles as chief legal officer at Maximus, vice president and general counsel at GE Aerospace, and senior legal roles at Raytheon subsidiaries. He previously served in senior roles in the U.S. Intelligence Community and began as an assistant district attorney.

Current CLO Mike Kolloway notified the company of his intent to retire in Q2 2026 and will remain as an advisor to support a seamless transition; Kolloway has been with Parsons since 2016 and led the company through its IPO and 16 consecutive years on Ethisphere’s World’s Most Ethical Companies list.

Parsons (NYSE: PSN) was awarded a seat on the U.S. Air Force Comprehensive Construction & Engineering MATOC with a $15 billion ceiling, managed by the Air Force Civil Engineering Center. The contract features an initial five-year ordering period plus five one-year options and covers global work to support design, construction management, maintenance, renovation, and restoration of Air Force and Department of War facilities.

Scope includes administrative facilities, airfields, utilities, runways, power systems, water treatment, and communications systems. The award positions Parsons to compete for task orders and complements a separate $1.5 billion AFCEC environmental services award announced in April 2025.

Sealing Technologies (NYSE: PSN) announced a contract modification on Dec. 17, 2025 from the Department of War's Defense Innovation Unit for continued accreditation, training, testing, and additional procurement of its Joint Cyber Hunt Kit (JCHK) prototype.

The work supports U.S. Cyber Command and the U.K. Joint Defensive Cyber Unit, and follows SealingTech's decade-plus support to U.S. defense customers, including deployment of more than 500 Cyber Fly-Away Kits to defense and intelligence missions.

The modification emphasizes continuing operational testing, interoperability training, and additional equipment procurement for fielded defensive cyber capabilities.

Parsons (NYSE: PSN) was awarded an $88 million single-award Task Order over three years to support the U.S. Air Forces in Europe - Air Forces Africa Air Base Air Defense (ABAD) mission at Ramstein Air Base, Germany.

This award increases Parsons' total value under the ABAD contract to $192 million in 2025. The work includes equipment procurement and configuration, systems integration, operator training, technical support, and maintenance to sustain mission readiness and long-term system reliability.

Parsons previously won a 10-year IDIQ single-award contract valued at $953 million in 2021, underscoring its role in national security operations.

Parsons (NYSE:PSN) announced that the Office of Space Commerce’s Traffic Coordination System for Space (TraCSS), for which Parsons is the systems integrator, won the 2025 SpaceNews Icon Award for Civil Space Achievement.

Parsons says TraCSS moved from concept to operational capability in less than two years using an agile development approach after early funding hurdles and agency‑oversight debate; the program received increased budget support and commercial industry backing.

The award highlights Parsons’ role in collision avoidance and cooperative space traffic coordination.

Parsons (NYSE: PSN) and Emery Sapp & Sons were selected by the Missouri Highways and Transportation Commission to deliver the $441 million I-70 Rocheport to Columbia design-build reconstruction.

The project adds a third lane in each direction, modernizes pavement and bridges, and improves interchange operations to support safer freight and passenger movement. Construction is expected to begin in mid-2026 with completion targeted for December 2029.

The ESS-Parsons Team cites a combined portfolio of 69 design-build projects and 15 I-70 rehabilitation/reconstruction efforts completed or underway in the past five years and highlights experience on Missouri DOT programs.