Parsons Secures $81 Million C5ISR Radar Contract from Army DEVCOM

Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has secured an $81 million Task Order from the U.S. Army Combat Capabilities Development Command's (DEVCOM) C5ISR under the RS3 contract vehicle. The recompete contract includes a 12-month base period with four 12-month option periods.

The contract focuses on delivering critical radar engineering solutions, with Parsons enhancing Army aerial and ground radar capabilities through advanced radio frequency technologies, AI integration, and systems engineering services. The scope includes operational support, program management, engineering, integration, prototype development, and fabrication, particularly addressing emerging hypersonic threats and battlefield communications needs.

Positive

• Secured significant $81 million contract with U.S. Army DEVCOM
• Contract includes potential for 4-year extension through option periods
• Recompete win demonstrates strong relationship with existing customer
• Strengthens position in strategic defense and intelligence sector

Negative

• None.

News Market Reaction

-6.08%

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-6.08% News Effect

On the day this news was published, PSN declined 6.08%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHANTILLY, Va., Sept. 04, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded an $81 million Task Order under the Responsive Strategic Sourcing for Services (RS3) contract vehicle by the U.S. Army Combat Capabilities Development Command’s (DEVCOM), Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance, and Reconnaissance (C5ISR). This recompete contract includes a 12-month base performance period and four 12-month option periods to deliver critical radar engineering solutions necessary for the C5ISR to meet its mission needs.

“We recognize the vital importance of C5ISR capabilities in addressing the complex security challenges, from emerging hypersonic threats to intelligence gathering at the tactical edge,” said Mike Kushin, Parsons’ President of Defense and Intelligence. “We are committed to equipping the U.S. Army DEVCOM with state-of-the-art radar solutions that bolster national security and ensure our forces maintain a strategic edge in modern warfare.”

Under this contract, Parsons will enhance Army aerial and ground radar capabilities by developing advanced radio frequency technologies, integrating AI, and providing systems engineering services tailored to the C5ISR’s mission requirements. This work will encompass operational support, program management, engineering, integration, prototype development, and fabrication.

The evolving landscape of missile defense and C5ISR requirements, particularly in the face of hypersonic challenges and the necessity for robust battlefield communications, underscores the urgent need for innovative solutions and actionable intelligence to safeguard our nation.

For more information about Parsons’ C5ISR and missile defense solutions, please visit https://www.parsons.com/missile-defense-c5isr/.

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 is the value of Parsons' new Army DEVCOM C5ISR contract?

Parsons (NYSE: PSN) secured an $81 million Task Order under the RS3 contract vehicle from the U.S. Army DEVCOM C5ISR.

What is the duration of Parsons' new radar engineering contract?

The contract includes a 12-month base performance period plus four 12-month option periods, potentially extending to five years total.

What services will Parsons provide under the DEVCOM contract?

Parsons will provide radar engineering solutions, including advanced radio frequency technologies, AI integration, systems engineering, operational support, program management, integration, prototype development, and fabrication.

How will Parsons' C5ISR contract address hypersonic threats?

Parsons will develop state-of-the-art radar solutions specifically designed to address complex security challenges, including emerging hypersonic threats and intelligence gathering at the tactical edge.

Is this a new contract for Parsons or a renewal?

This is a recompete contract, indicating Parsons has successfully renewed an existing relationship with the U.S. Army DEVCOM.