While the initial contract is modest relative to Parsons' $6B market cap, it establishes a foothold in a $24.5B modernization program. Traders should monitor for option exercises and potential follow-on awards, especially given Parsons' #1 ranking in program management by Engineering News-Record.
Price Chart
Executive Summary
Parsons Corporation (PSN) and GSI Americas formed a joint venture that secured a $25 million contract from the U.S. Coast Guard for program management services under the Force Design 2028 modernization initiative. The contract includes a one-year base period and four one-year options, supporting critical infrastructure and operational upgrades.
Key Financial Metrics
Key Facts
- Parsons and GSI Americas JV awarded $25 million U.S. Coast Guard contract
- Contract includes one-year base period and four one-year option periods
- Work supports Force Design 2028 Execution Plan, a $24.5 billion modernization effort
- Services include program management for recapitalizing platforms, modernizing training centers, and enhancing operational capacity
Financial Impact
$25 million contract value; potential total of $125 million if all options exercised
Risk Factors
- Contract value is relatively small and may not materially impact near-term financials
- Revenue dependent on option periods being exercised
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3274272 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | Press Release | $42.10 $42.02 | ▼ −0.19% | ▲ +0.05% | $49.99 (+18.74%) |
Sep 29, 2026 28d 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 16w 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 19w 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 20w 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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