Parsons Awarded $125M Contract to Support the U.S. Army Combat Capabilities Development Command Army Research Laboratory

Parsons (NYSE: PSN) was awarded a $125 million single-award Task Order over five years to support DEVCOM Army Research Laboratory, the High Performance Computing Modernization Program, and the Defense Research and Engineering Network.

Rhea-AI Summary

Parsons (NYSE: PSN) was awarded a $125 million single-award Task Order over five years to support DEVCOM Army Research Laboratory, the High Performance Computing Modernization Program, and the Defense Research and Engineering Network. The recompeted award continues a >20-year partnership and funds R&D, AI/ML, cybersecurity, and advanced computing services.

Positive

• Secures a $125M contract over five years
• Continues a >20-year relationship with DEVCOM ARL
• Provides services across AI/ML, cybersecurity, and advanced computing

Negative

• Single-award Task Order concentrates program revenue risk in one contractor
• Five-year term may expose near-term revenue to future recompete outcomes

Argus Feb 10 session

+1.05% close to close Open Argus

Details

News Market Reaction – PSN

On Feb 10, the day this news came out, PSN closed 1.05% above the previous close.

Data tracked by StockTitan Argus for the Feb 10 session.

Market Context

This announcement adds a $125M, five-year Army research and high‑performance computing award to Pars...

Analysis

This announcement adds a $125M, five-year Army research and high‑performance computing award to Parsons’ string of recent federal and infrastructure wins. It deepens a relationship with DEVCOM ARL that spans over 20 years and supports AI/ML and cybersecurity capabilities. In context of earlier FAA and transit contracts and the Altamira acquisition, investors may watch how sustained contract flow translates into margins, backlog quality, and long-term growth execution.

Key Figures

Contract value: $125 million Contract duration: 5 years Partnership length: over 20 years

Contract value

$125 million

Single-award Task Order with U.S. Army DEVCOM ARL

Contract duration

5 years

Period for DEVCOM ARL Task Order support

Partnership length

over 20 years

History of Parsons’ work with DEVCOM Army Research Laboratory

Historical Context

5 past events · Latest: Feb 04

5 events

1. Feb 04

   C-UAS deployment win

   24h Move

   +0.3%

   DroneArmor C-UAS system deployed by a federal national security customer.

2. Feb 02

   Transit design contract

   24h Move

   -2.5%

   Award of $60M contract for LA Metro A Line extension design work.

3. Jan 29

   Roadway tech pilot

   24h Move

   -1.1%

   Completion of roadway maintenance pilot using LiDAR and Edge AI with strong accuracy.

4. Jan 26

   FAA contract extension

   24h Move

   -3.0%

   Award of $593M FAA TSSC 5 extension with work through 2030.

5. Jan 15

   Altamira acquisition

   24h Move

   +2.6%

   Acquisition of Altamira valued up to $375M to bolster defense & intelligence.

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

Key Terms

high performance computing modernization program, defense research and engineering network, ai/ml, cybersecurity

4 terms

high performance computing modernization program technical

"support the ... Army Research Laboratory (ARL), High Performance Computing Modernization Program (HPCMP), and..."

A high performance computing modernization program is an organized effort to upgrade an organization’s most powerful computers, the software they run, and how they are used so they can solve bigger problems faster and more cheaply. For investors it matters because these upgrades can boost productivity, enable new products or services, reduce long‑term costs, and require capital spending or vendor deals—similar to renovating a factory to handle larger, more complex orders more efficiently.

defense research and engineering network technical

"High Performance Computing Modernization Program (HPCMP), and Defense Research and Engineering Network (DREN)."

A defense research and engineering network is a secure information and collaboration system that connects scientists, engineers and project managers working on military or national security technology. It acts like a private, high-security version of the internet for research data, technical designs and testing results. For investors, such networks matter because they speed development, protect valuable intellectual property, and influence which contractors win government work—similar to how a well-organized factory line can make one manufacturer more competitive than another.

ai/ml technical

"contribute to impactful operations, AI/ML research, and cybersecurity capabilities."

AI/ML stands for artificial intelligence and machine learning, software systems that identify patterns in data and make predictions or automate decisions, improving performance as they process more information. Investors care because these technologies can boost revenue, cut costs and create competitive advantages — like a factory that learns to produce goods faster and with fewer mistakes — while also introducing execution, ethical and regulatory risks that can affect a company’s value.

cybersecurity technical

"contribute to impactful operations, AI/ML research, and cybersecurity capabilities."

Cybersecurity involves protecting computers, networks, and digital information from theft, damage, or unauthorized access. It is essential for safeguarding sensitive data and maintaining trust in digital systems, which matters to investors because strong cybersecurity reduces the risk of costly breaches and disruptions that can impact a company’s performance and reputation. Think of it as locking and safeguarding valuable information much like securing a safe to prevent theft.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHANTILLY, Va., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded a $125 million single-award Task Order contract over five years to support the U.S. Army Combat Capabilities Development Command (DEVCOM) Army Research Laboratory (ARL), High Performance Computing Modernization Program (HPCMP), and Defense Research and Engineering Network (DREN). This recompeted award highlights Parsons’ commitment to advancing research and development in the military sector and continues a partnership with the DEVCOM Army Research Laboratory that has spanned over 20 years.

“Parsons is an agile, rapid developer of transformative solutions that strengthen the nation’s security and deliver mission-ready capabilities at the speed of relevance,” said Dr. David Tyler, vice president, C5ISR Solutions for Parsons. “This award underscores Parsons' long-standing dedication to innovation and excellence in support of the U.S. Army. We are excited to leverage our experience and expertise to further empower the ARL and contribute to impactful operations, AI/ML research, and cybersecurity capabilities.”

Under the initiative, titled Computationally Augmented and Resilient: Situation Awareness, Intelligence, Planning, Mobility, and Defense, Parsons will provide critical research, development, and technical services to support the Army Research Directorate’s mission. This collaboration aims to enhance scientific research and technology in key areas, including information processing, network and communication sciences, information assurance, computational sciences, and advanced computing.

Parsons will deliver a wide array of services, including research, development, test and evaluation, infrastructure operations, and comprehensive project management. As part of this contract, Parsons will also support the HPCMP and DREN operations, along with management services to ensure robust network security, effective systems administration, and reliable database management.

To learn more about Parsons' national security capabilities, please visit: parsons.com/national-security/.

About DEVCOM Army Research Laboratory:

DEVCOM Army Research Laboratory is the Army’s sole fundamental research laboratory serving as the nexus between the military, academia and industry. ARL executes globally recognized research to accelerate delivery of war-winning, disruptive technologies for tomorrow’s Army.  For information visit https://arl.devcom.army.mil/.

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.

Media Contact:
Angie Benfield        
+1 803.334.5277
Angie.Benfield@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 is the value and term of Parsons' contract with DEVCOM ARL (PSN)?

The contract is a $125 million single-award Task Order over five years. According to the company, it funds R&D and technical services supporting ARL, HPCMP, and DREN, including AI/ML, cybersecurity, and advanced computing capabilities.

What work will Parsons (PSN) perform under the ARL Task Order?

Parsons will deliver research, development, test and evaluation, and infrastructure operations. According to the company, services include information processing, network sciences, information assurance, computational sciences, systems administration, and database management.

How does the ARL award affect Parsons' national security business (PSN)?

The award reinforces Parsons' positioning in national security and advanced computing contracts. According to the company, it extends a two-decade partnership and underscores capabilities in AI/ML, cybersecurity, and mission-focused engineering services.

Is the $125M ARL contract competitively recompeted for Parsons (PSN)?

Yes, the award is a recompeted single-award Task Order won by Parsons. According to the company, winning the recompete reflects continued trust from DEVCOM ARL and supports multi-year program continuity.

Which Army programs are supported by Parsons' Task Order (PSN)?

The Task Order supports DEVCOM Army Research Laboratory, the High Performance Computing Modernization Program, and the Defense Research and Engineering Network. According to the company, support includes HPCMP and DREN operations, network security, and technical management services.