The $73M award adds to a growing GARDEM program that now totals $218M in 2026, signaling strong demand for Parsons' digital platform capabilities within the Air Force. Monitor for additional GARDEM awards and the impact on backlog growth in the next quarterly filing. The contract is a positive but incremental catalyst — not transformative at this scale.
Price Chart
Executive Summary
Parsons announced a $73M contract award under the Air Force Research Laboratory's GARDEM mission, its fourth such award in 2026, bringing total 2026 GARDEM awards to $218M. The contract expands Parsons' R&D and O&M responsibilities for the GARDEM 2 enterprise platform and includes migration to its Lightweight Application Management Platform (LAMP). This is a material contract win that reinforces Parsons' position as a mission-critical digital provider for the U.S. Air Force, but the financial impact is incremental relative to the company's $6.2B market cap.
Key Financial Metrics
Key Facts
- Parsons secured a $73M contract under AFRL's GARDEM mission, the fourth such award in 2026.
- Total 2026 GARDEM awards now stand at $218M.
- Contract expands R&D and O&M responsibilities for GARDEM 2 enterprise platform and mission application software.
- Parsons will lead migration of capabilities to its Lightweight Application Management Platform (LAMP).
- The award builds on Parsons' portfolio of AI, data, software, cyber, and mission engineering solutions.
Financial Impact
$73M contract award, bringing total 2026 GARDEM awards to $218M; incremental to a $6.2B market cap company
Risk Factors
- Contract awards are subject to government budgetary approval and could be modified or terminated.
- Forward-looking statements caution that actual results may differ materially due to risks including government spending shifts and competitive bidding.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3308651 |
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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