This modification adds to Parsons' defense backlog and supports its missile defense engineering franchise. Monitor for additional TEAMS-NEXT task orders and the company's next quarterly backlog disclosure to gauge the pace of contract execution.
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Executive Summary
Parsons Government Services Inc., a subsidiary of Parsons Corp (PSN), received an $84.3 million modification to its TEAMS-NEXT Missile Defense Systems Engineering contract from the Department of Defense. The award represents approximately 1.4% of the company's annualized revenue, a notable but not transformative addition to its defense backlog.
Key Financial Metrics
Key Facts
- Modification P00307 to contract HQ085821C0015 valued at $84,289,231.53
- Awarded by the Department of Defense under the TEAMS-NEXT Missile Defense Systems Engineering program
- Recipient is Parsons Government Services Inc., a subsidiary of Parsons Corp
- Award represents ~1.4% of Parsons Corp's annualized revenue of $5.96 billion
Financial Impact
$84.3 million modification, approximately 1.4% of annualized revenue
Risk Factors
- Government contract modifications are subject to funding availability and continuing resolution risks
- Execution risk on missile defense systems engineering programs
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-HQ085821C0015 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | Press Release | $42.10 $42.02 | ▼ −0.19% | ▲ +0.05% | $49.99 (+18.74%) |
Sep 29, 2026 27d ago | Press Release | $41.55 $40.97 | ▼ −1.40% | ▼ −1.19% | $49.99 (+20.31%) |
Jul 29, 2026 12w ago | 8-K | $40.32 $43.17 | ▼ −7.07% | ▼ −5.39% | $49.99 (−23.98%) |
Jul 16, 2026 14w ago | GOVT-CONTRACT | $56.05 $55.48 | ▼ −1.02% | ▼ −0.86% | $49.99 (−10.81%) |
Jul 7, 2026 15w ago | Press Release | $56.48 $56.63 | ▲ +0.27% | ▲ +0.57% | $49.99 (−11.49%) |
Jul 1, 2026 16w ago | Press Release | $53.16 $56.29 | ▲ +5.89% | ▲ +6.02% | $49.99 (−5.96%) |
Jun 16, 2026 18w ago | Press Release | $55.66 $54.82 | ▼ −1.51% | ▼ −0.26% | $49.99 (−10.19%) |
Jun 15, 2026 19w ago | Press Release | $55.49 $55.66 | ▲ +0.31% | ▲ +0.90% | $49.99 (−9.91%) |
Jun 9, 2026 19w ago | Press Release | $58.51 $56.47 | ▼ −3.49% | ▼ −1.91% | $49.99 (−14.56%) |
Jun 8, 2026 20w ago | Press Release | $57.83 $58.51 | ▲ +1.18% | ▲ +1.47% | $49.99 (−13.56%) |
US Market Status
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