1. Parsons wins a $30 million contract from the U.S. Space Development Agency. 2. This extends a prior $11 million DARPA contract for the Blackjack program. 3. Expansion highlights Parsons' role in space operational innovation and mission execution. 4. The contract enhances connectivity for satellite operations globally. 5. Parsons aims to leverage expertise for comprehensive space mission support.
The award of significant new contracts often leads to positive investor sentiment, reflected historically in similar contracts boosting stock prices of defense companies like Northrop Grumman after major contract announcements.
The contract signifies robust growth potential and enhances Parsons' market positioning in defense, likely influencing investor perceptions positively.
The immediate financial impact of the contract will likely boost stock prices, with continued relevance as projects progress.
CHANTILLY, Va., Dec. 22, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded a substantial $30 million contract, along with a novation to the U.S. Space Development Agency (SDA). This new contract enhances an earlier $11 million contract awarded by the Defense Advanced Research Projects Agency (DARPA) in 2021 for the Blackjack flight demonstration. This award is a significant testament to Parsons' commitment to providing innovative solutions for defense clients, particularly in the space sector.
Ed Baron, Senior Vice President of Parsons’ Space Engineering Solutions, noted, “Parsons is a leader in space domain innovation. With this contract, we will build on our established partnerships as we shift from DARPA to SDA, broadening our contributions to the Blackjack program.” He emphasized that this transition enables the company to leverage its expertise in spacecraft control, enhancing mission planning and execution through their as-a-service ground control system.
The additional funding will allow Parsons to consolidate Original Equipment Manufacturer (OEM) spacecraft support, delivering comprehensive Blackjack mission operations from the Parsons Space Operations Center. The initiatives will utilize the OrbitXChange™ platform and the Ground Operations Center as-a-Service commercial solution, ensuring streamlined operations.
Parsons will provide an integrated suite of mission support capabilities, including:
These services will guarantee seamless connectivity between the Ground Operations Center and commercial ground station providers, which is crucial for achieving robust global coverage and optimizing satellite operations.
Parsons Corporation is recognized as a leading disruptive technology provider within the national security and global infrastructure markets. The company offers diverse capabilities that span various sectors, including:
For additional insights into Parsons' national security capabilities, please visit parsons.com/national-security/.
For media inquiries, please contact:
Angie Benfield
+1 803.334.5277
Angie.Benfield@parsons.com
For investor relations, please reach out to:
Dave Spille
+1 703.775.6191
Dave.Spille@Parsons.us