The contract is a positive backlog addition but too small to materially move revenue or earnings. Monitor for follow-on awards or expansions at the Redstone campus, which could increase the total contract value.
Price Chart
Executive Summary
Parsons was awarded an $85 million OTA agreement to serve as Owner's Advisor for the new U.S. Space Command headquarters at Redstone Arsenal, covering a 950,000-square-foot campus. The 75-month contract represents new work and leverages Parsons' Federal Solutions and Critical Infrastructure portfolio, but the dollar amount is modest relative to the company's overall revenue base.
Key Financial Metrics
Key Facts
- Initial $85 million OTA agreement for U.S. Space Command headquarters at Redstone Arsenal.
- 75-month performance period; new work for Parsons.
- 950,000-square-foot campus supporting up to 1,800 personnel.
- Parsons will provide program and construction management as Owner's Advisor.
- Contract awarded by Army Contracting Command – Rock Island in coordination with Air Force Civil Engineering Center.
Financial Impact
$85 million contract over 75 months (~$13.6M/year); modest relative to Parsons' annual revenue.
Risk Factors
- Design remains subject to change; final scope and cost may differ.
- Government budgetary or prioritization shifts could affect execution or future phases.
- Competitor protests could delay or alter the award.
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3370621 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | Press Release | $42.10 $42.02 | ▼ −0.19% | ▲ +0.05% | $50.15 (+19.12%) |
Sep 29, 2026 28d ago | Press Release | $41.55 $40.97 | ▼ −1.40% | ▼ −1.19% | $50.15 (+20.70%) |
Jul 29, 2026 12w ago | 8-K | $40.32 $43.17 | ▼ −7.07% | ▼ −5.39% | $50.15 (−24.38%) |
Jul 16, 2026 14w ago | GOVT-CONTRACT | $56.05 $55.48 | ▼ −1.02% | ▼ −0.86% | $50.15 (−10.53%) |
Jul 7, 2026 16w ago | Press Release | $56.48 $56.63 | ▲ +0.27% | ▲ +0.57% | $50.15 (−11.21%) |
Jul 1, 2026 16w ago | Press Release | $53.16 $56.29 | ▲ +5.89% | ▲ +6.02% | $50.15 (−5.66%) |
Jun 16, 2026 19w ago | Press Release | $55.66 $54.82 | ▼ −1.51% | ▼ −0.26% | $50.15 (−9.90%) |
Jun 15, 2026 19w ago | Press Release | $55.49 $55.66 | ▲ +0.31% | ▲ +0.90% | $50.15 (−9.62%) |
Jun 9, 2026 20w ago | Press Release | $58.51 $56.47 | ▼ −3.49% | ▼ −1.91% | $50.15 (−14.29%) |
Jun 8, 2026 20w ago | Press Release | $57.83 $58.51 | ▲ +1.18% | ▲ +1.47% | $50.15 (−13.28%) |
US Market Status
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