Parsons Secures $91 Million Contract Extension for U.S. Diplomatic Mission Security Worldwide

Parsons (NYSE: PSN) secured a $91 million contract extension on Feb. 9, 2026 for the Overseas Security Installation Services (OSIS II) program.

Rhea-AI Summary

Parsons (NYSE: PSN) secured a $91 million contract extension on Feb. 9, 2026 for the Overseas Security Installation Services (OSIS II) program. This is the seventh option year of a 10-year workstream and part of the broader nearly $1.12 billion OSIS II contract.

The award extends Parsons’ technical security installation and integrated security services across more than 265 U.S. diplomatic facilities worldwide, including access control, CUAS, biometric systems, and operations support.

Positive

• $91 million seventh option-year award on OSIS II contract
• Part of a nearly $1.12 billion OSIS II program
• Continues support for security at > 265 diplomatic facilities worldwide
• Technical and integrated security scope includes CUAS, biometrics, and access control

Negative

• None.

Argus Feb 10 session

+1.05% close to close Open Argus

Details

News Market Reaction – PSN

On Feb 10, the first trading day after this news, PSN closed 1.05% above the previous close.

Data tracked by StockTitan Argus for the Feb 10 session.

Key Figures

OSIS II extension value: $91 million OSIS II total value: nearly $1.12 billion Contract term: 10-year contract +5 more

OSIS II extension value

$91 million

Contract extension for Overseas Security Installation Services (OSIS II)

OSIS II total value

nearly $1.12 billion

Broader OSIS II contract size with U.S. Department of State

Contract term

10-year contract

Overall duration of OSIS II contract

Option year

seventh option year

Current award within the 10-year OSIS II structure

Support duration

over seven years

Parsons role supporting diplomatic facilities under OSIS II

Diplomatic facilities

more than 265 facilities

Number of U.S. embassies and consulates supported worldwide

Regional contracts

two contracts

National security and border security infrastructure awards in Oct 2025

Current share price

$69.44

Pre-news close versus 52-week range of $54.5595–$89.5

Historical Context

5 past events · Latest: Feb 04

5 events

1. Feb 04

   C-UAS deployment

   24h Move

   +0.3%

   DroneArmor C-UAS system deployed to protect U.S. southern border infrastructure.

2. Feb 02

   Rail contract award

   24h Move

   -2.5%

   $60 million contract to design LA Metro A Line Claremont light rail extension.

3. Jan 29

   Roadway pilot results

   24h Move

   -1.1%

   Completion of AI-enabled roadway maintenance pilot with strong detection accuracy metrics.

4. Jan 26

   FAA contract extension

   24h Move

   -3.0%

   $593 million FAA TSSC 5 extension supporting upgrades at 600+ National Airspace sites.

5. Jan 15

   Altamira acquisition

   24h Move

   +2.6%

   Acquisition of Altamira up to $375 million, expanding defense and intelligence offerings.

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

Key Terms

counter-unmanned aircraft systems (CUAS), biometric security technologies, critical infrastructure protection

3 terms

counter-unmanned aircraft systems (CUAS) technical

"including operations support, state-of-the-art access control systems, counter-unmanned aircraft systems (CUAS)"

Counter-unmanned aircraft systems (C-UAS) are tools and tactics used to detect, track and disable or remove unauthorized drones through means such as sensors, communications blocking, nets or capture devices. Investors care because demand for C-UAS rises with public safety needs at airports, events and critical sites, creating potential revenue, regulatory scrutiny and contract opportunities for companies that make or operate these systems.

biometric security technologies technical

"and cutting-edge biometric security technologies. Each solution is strategically designed"

Biometric security technologies use unique human characteristics—such as fingerprints, facial features, iris patterns, voice or behavioral habits—to verify identity through sensors and software. They matter to investors because widespread adoption can drive revenue growth, lower fraud and operating costs, and create competitive advantage, while accuracy limits, privacy concerns and changing regulations can create legal or market risks much like replacing shared keys with personalized locks that need to be trusted.

critical infrastructure protection technical

"national security and critical infrastructure protection capabilities along with industry-leading"

Critical infrastructure protection is the set of measures, plans and systems that keep essential services—like power, water, transportation, hospitals and communications—running and safe from attacks, accidents or natural disasters. For investors it matters because failures or gaps can stop business operations, trigger regulatory fines, force costly repairs, and damage market value, much like a neighborhood locking doors and keeping backup generators to prevent a blackout from collapsing daily life.

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

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CHANTILLY, Va., Feb. 09, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced the company secured a $91 million contract extension for the Overseas Security Installation Services (OSIS II) contract administered by the U.S. Department of State. This is the seventh option year award of a 10-year contract, and part of the broader nearly $1.12 billion OSIS II contract. The extension underscores Parsons’ consistent performance and long-standing reputation as a reliable partner in delivering comprehensive security solutions to government clients around the world.

“Our team is dedicated to anticipating and countering tomorrow’s security challenges,” said Carey Smith, Chair, President, and Chief Executive Officer for Parsons. “We’re proud to deliver innovative technology and operational expertise that advance the State Department’s efforts to protect personnel, facilities, and assets and accomplish mission objectives amid an increasingly complex global landscape. Parsons is uniquely able to bring together proven national security and critical infrastructure protection capabilities along with industry-leading program management experience to provide the integrated solutions our customers’ missions demand.”

For over seven years, Parsons has played a pivotal role in ensuring the safety of personnel, assets, and American interests at more than 265 U.S. diplomatic facilities, including embassies and consulates around the world. The scope of services encompasses technical security installation and support services, and a range of integrated security solutions, including operations support, state-of-the-art access control systems, counter-unmanned aircraft systems (CUAS), and cutting-edge biometric security technologies. Each solution is strategically designed and tailored to adapt to the dynamic and evolving requirements of the Department of State.

Parsons is an agile, rapid developer of transformative solutions that strengthen the nation’s security and deliver operational capabilities at the speed of relevance. These principles not only advance the Department of State’s mission but also align with broader federal goals for acquisition reform and accelerated delivery of mission-ready technology. By prioritizing “speed to delivery,” Parsons ensures that critical security capabilities are deployed efficiently to address urgent operational needs and emerging global threats.

Parsons OSIS II extension reflects the company’s continued growth and expansion in defense and security globally. In October 2025, the company announced two contracts: one to deliver major regional national security infrastructure programs and a second to design border security infrastructure and facilities across critical border regions in the Middle East.

Parsons' global defense and security infrastructure teams deliver bespoke protection solutions, while providing project management expertise, including planning, design, delivery, construction supervision, operations, and maintenance of military facilities, government and commercial assets, and civilian infrastructure worldwide.

To learn more about Parsons’ global security and mission solutions, visit parsons.com/security-and-mission-solutions/.

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:
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 exactly did Parsons (PSN) announce on February 9, 2026 about OSIS II?

Parsons announced a $91 million contract extension as the seventh option year of OSIS II. According to Parsons, the award extends services under the nearly $1.12 billion OSIS II program for U.S. diplomatic security worldwide.

How does the $91 million OSIS II extension affect Parsons’ global security work (PSN)?

The extension sustains Parsons’ delivery of technical and integrated security solutions across diplomatic sites. According to Parsons, it continues support for access control, CUAS, biometrics, and operations at more than 265 facilities globally.

Which services are included in Parsons’ OSIS II contract extension (PSN)?

The scope covers technical security installation, operations support, access control, counter-unmanned aircraft systems, and biometric technologies. According to Parsons, these solutions are tailored to evolving Department of State security requirements.

Is the $91 million award a new contract or an option year for Parsons (PSN)?

The award is the seventh option year of an existing 10-year OSIS II contract, not a standalone new contract. According to Parsons, it is part of the program valued at nearly $1.12 billion.

What geographic footprint does the Parsons OSIS II extension (PSN) cover?

The extension supports security at more than 265 U.S. diplomatic facilities, including embassies and consulates worldwide. According to Parsons, the work spans global locations where the Department of State requires security systems and operational support.