Parsons Awarded $392 Million Federal Contract
Rhea-AI Summary
Parsons (NYSE: PSN) said it was awarded a ten-year, $392 million single-award contract by a Federal customer on Jan. 5, 2026.
The work is new for the company and leverages Parsons' biometrics and network engineering capabilities, combining hardware, software, and systems integration to support federal, defense, and law enforcement missions. Parsons has delivered over 3,500 mobile biometrics solutions to enable real-time biometric data collection, faster identity verification, and improved threat detection.
Positive
- $392 million ten-year single-award federal contract
- Contract leverages Parsons' biometrics and network engineering
- 3,500 mobile biometrics solutions delivered to date
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, PSN gained 6.94%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
PSN was up 0.66% pre-news while key peers like EPAM, KD, G, and EXLS showed declines and only GDS gained, suggesting today’s federal contract win is more stock-specific than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 29 | Employer recognition | Positive | +0.2% | Multiple 2025 military-friendly and veteran-support employer awards and recognitions. |
| Dec 23 | Transit design win | Positive | +0.9% | Selection to design VIA Rapid Silver Line transit corridor in San Antonio. |
| Dec 22 | Defense IDIQ award | Positive | +1.3% | Awarded position on MDA SHIELD IDIQ with a <b>$151 billion</b> ceiling. |
| Dec 22 | Space contract award | Positive | +1.3% | Awarded <b>$30 million</b> contract expanding prior DARPA Blackjack work. |
| Dec 19 | Munitions facility work | Positive | +1.4% | Task order exceeding <b>$100 million</b> for rocket motor manufacturing facility. |
Recent contract and defense-related announcements have generally coincided with modest positive single-day price reactions.
Over the past few weeks, Parsons has reported multiple contract wins and defense-linked milestones, including a task order exceeding $100 million, a $30 million Blackjack space mission contract, and a position on the $151 billion MDA SHIELD IDIQ, plus recognition as a top military-friendly employer. Each event saw small positive price moves (up to about 1.37%). The new $392 million federal biometrics contract continues this pattern of defense and federal growth-focused awards.
Market Pulse Summary
The stock moved +6.9% in the session following this news. A strong positive reaction aligns with Parsons’ recent pattern, where contract and defense-related wins have coincided with modest gains of up to about 1.37%. The new $392 million, ten-year federal biometrics contract adds to a reported $7.0 billion in remaining performance obligations, reinforcing long-term revenue visibility. However, previously lower quarterly revenue and EPS highlight execution and margin trends as key factors for sustaining any sharp upside move.
Key Terms
biometrics technical
identity management technical
biometric data technical
AI-generated analysis. Not financial advice.
CHANTILLY, Va., Jan. 05, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was recently awarded a ten-year,
Parsons offers advanced biometrics and identity management solutions, combining hardware, software, and integration expertise to support federal, defense, and law enforcement missions. The company has delivered over 3,500 mobile biometrics solutions that provide cutting-edge tools to collect and analyze biometric data in real-time, enabling faster identity verification and improved threat detection during critical missions.
For more information about Parsons' identity solutions, visit parsons.com/identity-management-and-biometrics/.
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.
Forward-Looking Statements:
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive, and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.
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
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