GSIA-Parsons Joint Venture Awarded $25 Million US Coast Guard Program Management Contract

Parsons (NYSE: PSN) and GSI Americas were awarded a $25 million U.S. Coast Guard contract for program management services on April 15, 2026.

Rhea-AI Summary

Parsons (NYSE: PSN) and GSI Americas were awarded a $25 million U.S. Coast Guard contract for program management services on April 15, 2026.

The work includes a one-year base period and four one-year option periods to support the Coast Guard’s Force Design 2028 Execution Plan, tied to a $24.5 billion recapitalization effort.

Positive

• $25M contract award for program management services
• One-year base plus four one-year options providing up to five years of potential engagement
• Work supports the Coast Guard’s $24.5B Force Design 2028 recapitalization

Negative

• Only a one-year guaranteed base period; future years depend on option exercises

Argus Apr 15 session

+1.02% close to close Open Argus

Details

News Market Reaction – PSN

In the Apr 15 session, PSN gained 1.02%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights a Parsons–GSIA joint venture securing a $25 million U.S. Coast Guard pr...

Analysis

This announcement highlights a Parsons–GSIA joint venture securing a $25 million U.S. Coast Guard program management contract tied to the $24.5 billion Force Design 2028 plan. Historically, partnership-tagged news for Parsons has produced average 24-hour moves of about 3.09%, often on government or mission-critical collaborations. Investors may monitor how this award contributes to long-term federal revenue mix, backlog trends, and whether additional work materializes from the broader modernization initiative.

Key Figures

USCG JV contract: $25 million Base period: 1 year Option periods: 4 one-year options +5 more

USCG JV contract

$25 million

Program management contract value for Parsons-GSIA joint venture

Base period

1 year

Initial base period of performance for the USCG contract

Option periods

4 one-year options

Potential extension structure for the USCG program management contract

Force Design funding

$24.5 billion

USCG Force Design 2028 Execution Plan capital investment

GSIA offices

8 offices

GSIA footprint from U.S. East Coast to Japan

Current share price

$56.00

Pre-news trading level vs. $89.50 52-week high and $49.38 low

Today’s volume

638,539 shares

Compared with 20-day average volume of 1,262,374 shares

Avg partnership move

3.09%

Average 24h move on prior partnership-tagged news

Previous Partnership Reports

4 past events · Latest: Mar 05

Same Type 4 events

1. Mar 05

   Cyber partnership

   24h Move

   +1.5%

   Claroty partnership enhancing cybersecurity for federal Cyber Protection Teams.

2. Dec 03

   Satellite partnership

   24h Move

   +4.5%

   Exclusive Globalstar partnership showcasing LEO software-defined satcom solution.

3. Dec 03

   Satellite partnership

   24h Move

   +4.5%

   Joint LEO communications demonstration for resilient connectivity in RF congestion.

4. Jun 24

   STEM partnership

   24h Move

   +1.8%

   Expanded Technovation STEM partnership supporting girls’ tech education globally.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

joint venture, program management, restricted stock units, esop, +3 more

7 terms

joint venture financial

"the company’s joint venture (JV) with GSI Americas Inc. (GSIA) was awarded"

A joint venture is when two or more companies team up to work on a specific project or business idea, sharing both the risks and the rewards. It’s like friends starting a lemonade stand together—each contributes resources and they split the profits, making it easier to succeed than going alone.

program management technical

"was awarded a $25 million contract ... for program management services"

Program management is the coordinated oversight of several related projects and ongoing efforts so they deliver a larger business goal, like a conductor keeping multiple sections of an orchestra playing together toward one piece. Investors care because good program management reduces wasted time and money, lowers the risk of delays or messy handoffs, and increases the likelihood that strategic initiatives will produce predictable, measurable financial results.

restricted stock units financial

"received an equity award of 518 shares of Common Stock as fully vested restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

esop financial

"and has an additional 1,700.8145 shares held indirectly through an ESOP account"

An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.

form 4 regulatory

"title": "[Form 4] PARSONS CORP Insider Trading Activity""

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

View in glossary

form 3 regulatory

"title": "[Form 3] PARSONS CORP Initial Statement of Beneficial Ownership""

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

8-k regulatory

"title": "[8-K] PARSONS CORP Reports Material Event""

An 8-K is a public report companies must file with the U.S. Securities and Exchange Commission to disclose major events or changes that shareholders should know about, such as leadership changes, mergers, financial surprises, or legal developments. It matters to investors because it acts like a breaking-news alert for a company’s health and prospects—providing timely facts that can affect stock value and investment decisions.

View in glossary

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CHANTILLY, Va., April 15, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company’s joint venture (JV) with GSI Americas Inc. (GSIA) was awarded a $25 million contract by the United States Coast Guard (USCG) for program management services. This new work for the company includes a one-year base period of performance and four one-year option periods.

Under this contract, the team will provide program management services that advance the USCG’s Force Design 2028 Execution Plan, the single largest capital investment in the Coast Guard’s history. The plan will deliver transformational upgrades across Coast Guard assets, technology, and shore infrastructure, supported by $24.5 billion to recapitalize platforms and systems, modernize training centers, and enhance mission‑critical operational capacity.

“We look forward to leveraging our team’s combined global program management experience and project delivery success to support the U.S. Coast Guard in this historic modernization effort that strengthens readiness and builds a more agile, capable, and responsive force,” said Martin Boson, president, Engineered Systems for Parsons. “As a global leader in program management, Parsons brings the expertise, discipline, and integrated services necessary to support the Coast Guard’s successful delivery of the Force Design 2028 Execution Plan and ensure the nation’s continued maritime safety, security, and stewardship.”

Parsons has extensive experience working in complex and critical environments and is a globally recognized program management leader. The company ranks as the #1 program management services firm by Engineering News-Record and provides clients with support through the entire life cycle of a project, including master planning, design, construction management, and asset management.

“Through this partnership, GSIA brings innovative, reliable, and sustainable energy solutions and program management services for federal and civilian infrastructure clients,” said Michael Warminsky, senior vice president for GSIA. “We are proud to support the U.S. Coast Guard’s Force Design 2028 Execution Plan alongside Parsons, contributing to a program that enhances operational readiness, modernizes critical infrastructure, and strengthens the nation’s maritime security posture.”

GSI Americas, Inc. provides professional services, environmental and MEC support, and construction services to federal clients across the Continental United States and the Pacific region, leveraging a growing footprint of eight offices from the U.S. East Coast to Japan to execute critical programs in complex and geographically diverse environments. As a member of the GSI companies, and backed by nearly two decades of experience, GSIA delivers highly qualified technical personnel and subject matter experts supporting mission-critical operations for Department of War (DoW) and Department of Homeland Security (DHS) partners.

To learn more about Parsons’ global infrastructure solutions, visit Parsons.com/federal-infrastructure/.

About Parsons:
Parsons (NYSE: PSN) is a leading 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. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact. 

About GSIA:
GSIA provides comprehensive solutions in Construction, Fuels, Environmental Services, Munitions, Engineering, Professional Services, and IT, across the Continental U.S. and the Pacific. Please visit GSI-Companies.com and follow us on LinkedIn.

Media Contact:
Bernadette Miller
+1 980.253.9781
Bernadette.Miller@parsons.com

Investor Relations Contact:
Dave Spille
+1 703.775.6191
Dave.Spille@parsons.us

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Parsons (PSN) announce about the $25 million USCG contract on April 15, 2026?

Parsons announced a $25 million joint-venture contract award to provide program management services. According to the company, the award includes a one-year base period plus four one-year option periods supporting Force Design 2028.

How long is the Parsons and GSIA program management contract with the U.S. Coast Guard (PSN)?

The deal has a one-year base period plus four one-year options, potentially five years total. According to the company, additional years require exercise of the option periods by the Coast Guard.

What part of the Coast Guard effort does the PSN-GSIA contract support?

The contract supports the Coast Guard’s Force Design 2028 Execution Plan modernization effort. According to the company, the plan is tied to a $24.5 billion recapitalization of platforms, systems, and infrastructure.

Will the $25M Parsons (PSN) award materially affect company revenue immediately?

The announcement states a $25 million award with a one-year base period; guaranteed revenue is limited to the base period. According to the company, option years could extend the engagement if exercised.

Who are Parsons’ partners on the April 15, 2026 USCG contract (PSN)?

Parsons is partnered with GSI Americas (GSIA) in the joint venture delivering program management services. According to the company, GSIA provides technical personnel and energy and infrastructure expertise alongside Parsons.