Raft and Parsons Highlight Participation in Strategic Partner Program to Accelerate Modernization and Operational Advantage Across the Indo-Pacific
Parsons (NYSE:PSN) and Raft announced Parsons' participation in Raft's Strategic Partner Program to deliver data, artificial intelligence, and mission-focused capabilities to military operators across the Indo-Pacific.
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Rhea-AI Summary
Parsons (NYSE:PSN) and Raft announced Parsons' participation in Raft's Strategic Partner Program to deliver data, artificial intelligence, and mission-focused capabilities to military operators across the Indo-Pacific.
The collaboration aims to support defense modernization, accelerate decision-making, and strengthen operational readiness in contested, long-distance environments.
Details
News Market Reaction – PSN
On Jun 30, the day this news came out, PSN closed 2.08% above the previous close.
Data tracked by StockTitan Argus for the Jun 30 session.
Key Figures
- Q1 2026 revenue
- $1.49B
- Quarter ended March 31, 2026; down 4% year over year
- Q1 2026 organic revenue change
- -8%
- Organic revenue decline versus prior-year quarter
- Q1 2026 net income
- $52.9M
- Down from $66.2M in prior-year quarter
- Q1 2026 adjusted EBITDA
- $150.9M
- Record level with 10.1% adjusted EBITDA margin
- Total backlog
- $9.31B
- Record backlog as of Q1 2026 with $6.6B funded
- 2026 revenue guidance
- $6.5–$6.8B
- Full-year 2026 revenue outlook reiterated in 8-K
- Altamira acquisition size
- Up to $375M
- Altamira Technologies acquisition including potential earnout
- CEO share purchase
- 12,500 shares
- Open-market buy around $50 per share on May 8, 2026
Previous Partnership Reports
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SBIR-backed partnership to develop resilient autonomous drone capabilities for tactical operations.
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GSIA-Parsons JV wins $25M program management contract tied to Force Design 2028.
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Claroty and Parsons’ SealingTech partner to secure CPS/OT networks for federal Cyber Protection Teams.
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Exclusive partnership with Globalstar to demonstrate software-defined LEO satcom for public and defense sectors.
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Parsons–Globalstar collaboration on software-defined LEO communications for RF-congested environments.
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As the Indo-Pacific remains the world's most strategically significant theater, military forces face unprecedented demands to operate across vast distances, under degraded conditions, and against increasingly sophisticated adversaries. Meeting those challenges requires advanced technology and partners willing to work side-by-side with operators, move at operational speed, and continuously adapt to mission needs.
"Our Partner Program is built with intention, and we're proud to welcome Parsons to a growing ecosystem of strategic partners who share our vision and drive long-term growth", said Meghan Grumbach, Vice President of Marketing and Partnerships at Raft.
Through its participation in Raft's Partner Program, Parsons will collaborate with Raft to support modernization efforts across the region, advance data and AI adoption, and deliver capabilities that improve decision advantage, operational resilience, and force effectiveness.
"Our customers need capabilities that work on day one and evolve at the pace of the mission," said Mike Kushin, president of Defense and Intelligence for Parsons. "Together with Raft, we are delivering integrated data and AI solutions that put operators first, accelerating insight, improving mission outcomes, and ensuring the joint force can outpace emerging threats across the Indo-Pacific."
This engagement reflects a broader shift in defense modernization toward continuous collaboration between operators and industry. A recent example of this collaboration was the Pacific Operator Training, where Raft and Parsons brought together military leaders and operators from across the joint force to educate and train on modern data architectures, artificial intelligence, and mission technologies currently supporting operational missions throughout the Pacific.
By combining their expertise and maintaining a relentless focus on mission outcomes, Raft and Parsons will continue leading the modernization efforts that are strengthening operational readiness across the Indo-Pacific.
About Raft
Raft is a leading defense technology company delivering mission-critical data and AI software for the
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
Meghan Grumbach
RaftPR@teamraft.com
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SOURCE Raft, LLC
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