Parsons Awarded $88M to Provide Systems Engineering and Integration Solutions for U.S. Air Forces in Europe and Africa Air Base Air Defense
Rhea-AI Summary
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.
Positive
- $88M Task Order awarded over three years
- ABAD contract total reached $192M in 2025
- Scope covers procurement, integration, training, support, and maintenance
- Established 10-year IDIQ (valued at $953M in 2021) supports backlog
Negative
- Award is a single-award Task Order, concentrating execution responsibility
- Contract performance tied to Ramstein AB operations and regional requirements
Key Figures
Market Reality Check
Peers on Argus
PSN gained 3.15% while key peers were mixed: EPAM +2.76%, KD +3.87%, GDS +1.29%, but G -0.59% and EXLS -0.05%, indicating a more company-specific reaction to the contract news.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 08 | Space award recognition | Positive | -5.2% | TraCSS program won 2025 SpaceNews Icon Award for Civil Space Achievement. |
| Dec 05 | Highway design-build win | Positive | -5.2% | Selected as lead designer for $441M I-70 Rocheport to Columbia project. |
| Dec 05 | Transit MATOC award | Positive | -5.2% | Secured position on Sound Transit MATOC with $1B ceiling for design services. |
| Dec 05 | Conference participation | Neutral | -21.1% | CEO scheduled for Raymond James TMT and Consumer Conference fireside chat. |
| Dec 05 | Defense contract vehicle | Positive | -21.1% | Selected for CTRIC IV IDIQ with $3.5B ceiling to counter WMD threats. |
Recent positive contract and award announcements have coincided with negative price reactions, suggesting a pattern of selling into good news.
Over the past week, Parsons announced several sizable wins and recognitions, including a $441 million I-70 design-build role, a position on a $1 billion Sound Transit MATOC supporting a $60 billion program, and selection on the $3.5 billion CTRIC IV contract. Despite these seemingly positive developments, shares moved lower after each event. Today’s $88 million USAFE-AFAFRICA task order adds to the ABAD contract’s $192 million value in 2025, extending the recent stream of defense and infrastructure wins.
Market Pulse Summary
This announcement adds a new $88 million task order for the USAFE-AFAFRICA ABAD mission, bringing Parsons’ ABAD contract value to $192 million in 2025 and reinforcing a broader $953 million, 10-year IDIQ awarded in 2021. The news highlights continued strength in national security work and recurring defense support. Investors may watch how this award contributes to backlog, revenue visibility, and future disclosures on execution and margins.
AI-generated analysis. Not financial advice.
CHANTILLY, Va., Dec. 10, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded an
“Our success on the ABAD mission draws from our team’s experience and proven track record, with this task order reinforcing our commitment to delivering cutting-edge technology solutions and expert support,” said Mike Kushin, president, Defense and Intelligence for Parsons. “We are a trusted leader in enhancing air base security and effectiveness, and we are dedicated to continuing that legacy to secure America’s assets and defend our soldiers overseas.”
The company will deliver a comprehensive scope of work encompassing advanced equipment procurement and configuration, seamless systems integration, specialized operator training, robust technical support, and ongoing maintenance, ensuring mission readiness, operational excellence, and long-term system reliability.
In 2021, Parsons received a 10-year Indefinite Delivery Indefinite Quantity single award contract valued at
To learn more about Parsons' national security capabilities, please visit: parsons.com/national-security/.
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
What did Parsons announce on December 10, 2025 about the ABAD contract (PSN)?
How does the new $88M Task Order affect Parsons' ABAD totals for 2025 (PSN)?
What services will Parsons provide under the $88M Task Order (PSN)?
How long is the Parsons Task Order for the USAFE-AFAFRICA ABAD mission (PSN)?
What prior large contract does Parsons reference related to national security (PSN)?
Where will the ABAD Task Order work be focused for Parsons (PSN)?
