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Parsons Secures $81 Million C5ISR Radar Contract from Army DEVCOM

1. Parsons awarded $81 million task order by U.S. Army DEVCOM. 2. Contract includes critical radar engineering solutions for C5ISR. 3. Focus on AI integration and advanced radio frequency technologies. 4. Award enhances U.S. Army capabilities against hypersonic threats. 5. Commitment to improving national security through innovative defense solutions.

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FAQ

Why Bullish?

This contract award signifies growth opportunities and a solid revenue stream for Parsons, akin to previous defense contract wins that positively influenced stock performance.

How important is it?

The $81 million contract has significant implications for future revenue, enhancing investor confidence and market positioning.

Why Long Term?

The recurring nature of the contract with four option periods indicates sustained revenue, similar to historical contracts that benefited PSN over time.

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September 04, 2025 06:25 ET  | Source: Parsons Services Company 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+1 803.334.5277Angie.Benfield@parsons.com Investor Relations Contact:Dave Spille+1 703.775.6191Dave.Spille@Parsons.us

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