Core Insights - Parsons Corporation has been awarded a $30 million contract from the U.S. Space Development Agency (SDA), expanding a previous $11 million contract from 2021 with DARPA for the Blackjack flight demonstration, highlighting the company's commitment to innovative defense solutions in the space sector [1][2] Group 1: Contract Details - The new contract represents a significant enhancement to Parsons' existing work with DARPA, indicating a strategic shift to support SDA's objectives [1][2] - The additional funding will allow Parsons to consolidate Original Equipment Manufacturer (OEM) spacecraft support and deliver comprehensive Blackjack mission operations [2] Group 2: Technological Advancements - Parsons will utilize the OrbitXChange™ platform and the Ground Operations Center as-a-Service commercial solution to enhance mission planning and execution [2] - The company aims to provide an integrated suite of mission support capabilities, including advanced experimentation and extensive operational planning services, ensuring seamless connectivity with commercial ground station providers [2] Group 3: Company Profile - Parsons is recognized as a leader in space domain innovation and a disruptive technology provider in national security and global infrastructure markets, with expertise across various sectors including cyber and electronic warfare, space and missile defense, and critical infrastructure protection [4]

Group 1 - Parsons Corporation is a significant player in the defense and infrastructure sectors, providing technology-driven solutions to the U.S. government and other clients globally [1] - Barclays has set a price target of $70 for Parsons, indicating a potential upside of 15.61% from its current trading price of $60.55 [1][5] - The company recently secured a $100 million contract to enhance the U.S. defense industrial base's munitions production, highlighting its strategic importance to national defense [2][5] Group 2 - The stock's trading range for the day has been between $60 and $61.25, indicating some volatility [3][5] - Over the past year, Parsons' stock has experienced a high of $97.91 and a low of $54.56, reflecting market responses to its business activities and broader economic conditions [3][5] - Parsons has a market capitalization of approximately $6.46 billion, indicating its significant presence in the industry [4]

Group 1 - Brown Advisory Mid-Cap Growth Strategy underperformed its benchmark, the Russell Midcap® Growth Index, which increased approximately 3% in Q3 2025 [1] - The investor letter highlighted Parsons Corporation (NYSE:PSN) as a key stock, which experienced a one-month return of -25.87% and a 52-week loss of 36.72% [2] - Parsons Corporation derives 55% of its revenue from the U.S. federal government and is positioned for growth in areas such as FAA, missile defense, cybersecurity, and transportation, with expected mid-teens EBITDA growth [3] Group 2 - Parsons Corporation was held by 31 hedge fund portfolios at the end of Q3 2025, down from 40 in the previous quarter, indicating a decrease in popularity among hedge funds [4] - The company is not considered among the 30 most popular stocks among hedge funds, with some analysts suggesting that certain AI stocks may offer greater upside potential [4] - Parsons Corporation was mentioned in a list of worst-performing stocks in early December, reflecting ongoing challenges in its stock performance [5]

Core Insights - Parsons Corporation has been awarded a task order exceeding $100 million by Nammo to manage the design and construction of a new rocket motor manufacturing facility in Perry, Florida, which supports the Department of War's acquisition strategy [1][2] - The project aims to enhance the U.S. munitions production capacity, improve supply chain resilience, and expedite the delivery of critical capabilities to military personnel [1][2] Company Overview - Parsons is recognized as a leading provider in national security and global infrastructure markets, specializing in areas such as cyber and electronic warfare, space and missile defense, and critical infrastructure protection [5] - The company has been ranked as the world's top program management and a leading construction management firm by Engineering News-Record in 2025 [2] Project Details - The contract includes a two-year construction period and represents new work for Parsons, marking a significant step in expanding the U.S. munitions industrial base [1][2] - The Perry site serves as a center of excellence for munitions and pyrotechnic products, providing energetic systems to the Department of War [2] Industry Context - Nammo, the partner in this project, is an international aerospace and defense company with over 4,000 employees and 27 production sites, recognized for its specialty ammunition and rocket motors [4]

Core Viewpoint - Parsons Corporation has appointed John Martinez as the new Chief Legal Officer, effective February 16, 2026, following the retirement announcement of current CLO Mike Kolloway in the second quarter of 2026 [1][2]. Group 1: Leadership Transition - John Martinez brings over 25 years of legal experience and has held significant leadership roles, including Chief Legal Officer at Maximus, Inc., and General Counsel at GE Aerospace and Raytheon Technologies [2][3]. - Mike Kolloway, the outgoing CLO, has been with Parsons since 2016 and has significantly contributed to the company's growth and ethical standards, including leading the company to be recognized as one of Ethisphere's World's Most Ethical Companies for 16 consecutive years [3][4]. Group 2: Company Overview - Parsons Corporation is a leading provider of disruptive technology in national security and global infrastructure markets, with capabilities in areas such as cyber warfare, space defense, and critical infrastructure protection [4].

Core Insights - Parsons Corporation has been awarded a seat on the U.S. Air Force Comprehensive Construction & Engineering Multiple Award Task Order Contract (MATOC) with a ceiling value of $15 billion, aimed at enhancing the readiness and resilience of U.S. Air Force facilities [1][2]. Group 1: Contract Details - The contract will allow Parsons to compete for task orders that include design and construction management of new facilities, as well as maintenance, renovation, and restoration of existing infrastructure [2]. - The initial ordering period for the contract is five years, with five additional one-year options available [1]. Group 2: Company Commitment and Capabilities - Parsons emphasizes its commitment to providing technology and expertise to support the U.S. Air Force, highlighting its long-standing partnership and proven capability in delivering innovative solutions [3]. - The scope of the contract includes various projects such as administrative facilities, airfields, utilities, and critical infrastructure, which are essential for mission readiness [3]. Group 3: Future Opportunities - This MATOC positions Parsons for continued work with the U.S. Air Force, complementing other contracts awarded in 2025, including a $1.5 billion Environmental Services Contract [4]. - The company is recognized as a leading provider of infrastructure solutions and all-domain support, enhancing operational readiness and mission success [4][5].

Company Overview - Parsons Corporation is a leading provider of advanced solutions for defense, intelligence, and critical infrastructure, leveraging expertise in cybersecurity, geospatial analytics, and complex systems integration [6] - The company has a workforce of 20,000 and operates globally, addressing mission-critical challenges for government and commercial clients [6] - Parsons generates revenue primarily through long-term government contracts and specialized services for public and private sector clients in high-security and infrastructure domains [8] Recent Developments - Kettle Hill Capital Management has significantly increased its stake in Parsons Corporation, acquiring an additional 278,919 shares, bringing its total holdings to 373,180 shares valued at approximately $30.94 million as of September 30, 2025 [2][9] - This position now represents 6.96% of Kettle Hill's total reportable U.S. equity holdings, making Parsons the firm's second-largest holding [2][3] Financial Metrics - As of December 5, 2025, Parsons shares were priced at $67.22, with a market capitalization of $7.02 billion [4] - The company's revenue for the trailing twelve months (TTM) is reported at $6.49 billion, with a net income of $450.54 million [4] Stock Performance - Parsons' stock has experienced a decline of approximately 30.8% over the past year, underperforming the S&P 500 by 45.67 percentage points [3] - The stock has recently faced challenges due to the FAA selecting a competitor for a multi-billion contract, leading to analyst downgrades and a 24% decline in stock price over the last month [10] Valuation Insights - Currently, Parsons trades at a price-to-earnings (P/E) multiple of 19x, significantly below its three-year average of 41x, indicating a potential investment opportunity for opportunistic investors [11]

Core Viewpoint - Parsons Corporation is a significant player in the defense and infrastructure sectors, focusing on technology-driven solutions and competing for government contracts [1] Group 1: Company Overview - Parsons Corporation trades under the symbol NYSE:PSN and has a market capitalization of approximately $6.99 billion [1] - The company specializes in defense, intelligence, and critical infrastructure solutions [1] Group 2: Recent Developments - On December 11, 2025, Jefferies adjusted its rating for Parsons to "Hold," with the stock priced at around $65.50 and a revised price target lowered from $90 to $75 [2][6] - Parsons secured an $88 million task order to enhance air defense systems at the USAFE-AFAFRICA in Germany, increasing the total value under the ABAD program to approximately $192 million for 2025 [3][6] - The three-year contract includes hardware procurement, system integration, and specialized training to ensure operational readiness and enhanced security capabilities [4] Group 3: Stock Performance - Currently, NYSE:PSN is priced at $65.44, experiencing a 2.36% decrease today, with a trading range between $65.32 and $67 [5] - Over the past year, the stock has seen a high of $99.04 and a low of $54.56, with a trading volume of 823,157 shares [5]

Core Insights - Parsons Corporation has been awarded an $88 million contract to support the U.S. Air Forces in Europe - Air Forces Africa at Ramstein Air Base, bringing the total value under the Air Base Air Defense contract to $192 million in 2025 [1][2] Group 1: Contract Details - The awarded contract is a single-award Task Order contract over three years [1] - The total value of Parsons' work under the Air Base Air Defense contract has reached $192 million in 2025 [1] Group 2: Company Commitment and Capabilities - Parsons emphasizes its commitment to delivering advanced technology solutions and expert support for air base security [2] - The scope of work includes advanced equipment procurement, systems integration, operator training, technical support, and maintenance to ensure mission readiness and operational excellence [2] Group 3: Historical Context - In 2021, Parsons received a 10-year Indefinite Delivery Indefinite Quantity contract valued at $953 million, highlighting its leadership in national security operations [3] - This new contract reinforces Parsons' ongoing commitment to safeguarding military operations and enhancing air defense systems across Europe and Africa [3] Group 4: Company Overview - Parsons is recognized as a leading disruptive technology provider in national security and global infrastructure markets, with capabilities in various sectors including cyber warfare, space defense, and critical infrastructure protection [4]

Core Insights - Parsons operates in two segments: 51% Federal Solutions and 49% Critical Infrastructure [1] - The company has six end markets, with a significant focus on cyber and electronic warfare, contributing 20% to Parsons' revenue [1] - Parsons has a long-standing role in space and missile defense, serving as the system engineering and integration contractor for the Missile Defense Agency for four decades [1] Segment Overview - In the cyber and electronic warfare market, Parsons is recognized as a leader in offensive cyber capabilities and the integration of cyber with electronic warfare [1] - The company has developed over 170 different ground systems for the space domain and operates large satellite vehicles commercially [2] - Parsons is involved in assured position, navigation, and timing, as well as space domain awareness, recently receiving the Space Icon award [2]