PSN
Parsons wins $99M US Air Force task order for GARDEM 2
Article Summary
BUY- Parsons Corp. (NYSE: PSN) was awarded a $99 million single-award task order by the US Air Force Research Laboratory in support of the Global Application Research, Development, Engineering and Maintenance 2 program, Parsons said Monday.
- The task order covers research, development, engineering, prototyping, integration, testing, and demonstration of technologies supporting GARDEM 2 Command and Control, Space and Intelligence, Surveillance and Reconnaissance software baselines, with the award including a five-year plus two-month performance period and is a follow-on to the existing GardEM contract.
- Parsons advances the U.S.
- Air Force mission by integrating technologies, transforming data, and delivering modernized C2 and space-based ISR capabilities with speed and precision, according to Mike Kushin, president, defense and intelligence for Parsons.
- Parsons is a technology provider serving national security and global infrastructure markets with capabilities spanning cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -6.9% | 25% | 0.0 ptsDeclining (-6.9%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 9.8% | 25% | 20.0 ptsWeak (9.8%) - Low expectations |
| Target Price Upside ? | 13.3% | 20% | 50.0 ptsMeets Minimum (13.3%) - Target: $69.64 vs Current: $61.46 |
| Gross Margin % ? | 22.8% | 15% | 40.0 ptsModerate (22.8%) - Adequate margins |
| Drawdown from 52-Wk High ? | -31.3% | 15% | 80.0 ptsSolid Dip (-31.3%) - Good entry zone |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About PSN
- Parsons Corporation provides design, engineering and technical services, and smart and agile software for the United States federal government and critical infrastructure customers worldwide.
- It operates through Federal Solutions and Critical Infrastructure segments.
- The Federal Solutions segment offers critical technologies, such as cyber; air and missile defense; intelligence; aviation modernization; electronic warfare; space ground systems, cislunar, A-PNT, and classified sensors; geospatial and signals intelligence; environmental remediation; border security and counter-drug, critical infrastructure protection; counter unmanned air systems; biometrics; and bio surveillance solutions.
- This segment also provides software and hardware, and technical expertise; satellite ground systems support and operations, flight dynamics, data fusion and analytics, platform system integration, directed energy, joint all-domain operations, and command and control systems; digital landscape, including full-spectrum cyber, defensive cyber operations, information operations, and analytics; and electronic warfare, multi-domain operations, mission support and national to tactical operations, as well as cyber solutions and products.
- The Critical Infrastructure segment develops digital solutions for aviation, rail and transit, bridges, roads, highways, and urban destinations.
- This segment also provides planning, engineering, and management services for complex infrastructure comprising bridges, tunnels, roads and highways, and water and wastewater systems; intelligent transportation systems, utilities, environmental remediation, emerging contaminants, aviation, and rail and transit, as well as ParsonsX, a digital transformation organization; and multi-disciplinary design, technical, and management solutions.
- Parsons Corporation was founded in 1944 and is headquartered in Chantilly, Virginia.