The contract win adds to Parsons' backlog but is not transformative given its size relative to market cap. Monitor for subsequent task order announcements to gauge revenue conversion. The single-award nature suggests strong incumbent positioning, which may support future contract extensions.
Price Chart
Executive Summary
Parsons Corporation announced a $184 million ceiling value single-award IDIQ contract from the Department of the Navy for the Intelligence Carry-On Program (ICOP). This contract supports rapid delivery of portable ruggedized workstations for tactical edge operations, reinforcing Parsons' position in defense intelligence. While the ceiling value is notable, IDIQ contracts do not guarantee full funding, so the actual revenue impact depends on future task orders.
Key Financial Metrics
Key Facts
- $184 million ceiling value single-award IDIQ contract from the Department of the Navy
- Contract supports the Intelligence Carry-On Program (ICOP) for portable ruggedized workstations
- Parsons is the sole awardee, indicating strong customer trust and competitive positioning
Financial Impact
Contract ceiling of $184 million, representing ~3% of Parsons' $6.1B market cap; actual revenue dependent on task order awards
Risk Factors
- IDIQ contracts do not guarantee full funding; actual revenue may be lower than ceiling
- Government budget uncertainties or shifting priorities could delay or reduce task orders
- Competitive protests or execution risks could impact contract performance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3311620 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | Press Release | $42.10 $42.02 | ▼ −0.19% | ▲ +0.05% | $49.94 (+18.62%) |
Sep 29, 2026 28d ago | Press Release | $41.55 $40.97 | ▼ −1.40% | ▼ −1.19% | $49.94 (+20.19%) |
Jul 29, 2026 12w ago | 8-K | $40.32 $43.17 | ▼ −7.07% | ▼ −5.39% | $49.94 (−23.86%) |
Jul 16, 2026 14w ago | GOVT-CONTRACT | $56.05 $55.48 | ▼ −1.02% | ▼ −0.86% | $49.94 (−10.90%) |
Jul 7, 2026 16w ago | Press Release | $56.48 $56.63 | ▲ +0.27% | ▲ +0.57% | $49.94 (−11.58%) |
Jul 1, 2026 16w ago | Press Release | $53.16 $56.29 | ▲ +5.89% | ▲ +6.02% | $49.94 (−6.06%) |
Jun 16, 2026 19w ago | Press Release | $55.66 $54.82 | ▼ −1.51% | ▼ −0.26% | $49.94 (−10.28%) |
Jun 15, 2026 19w ago | Press Release | $55.49 $55.66 | ▲ +0.31% | ▲ +0.90% | $49.94 (−10.00%) |
Jun 9, 2026 20w ago | Press Release | $58.51 $56.47 | ▼ −3.49% | ▼ −1.91% | $49.94 (−14.65%) |
Jun 8, 2026 20w ago | Press Release | $57.83 $58.51 | ▲ +1.18% | ▲ +1.47% | $49.94 (−13.64%) |
US Market Status
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