Parsons Corporation (NYSE:PSN), today announced it has secured an additional $73 million contract in support of the Air Force Research Laboratory's (AFRL) Global Application Research, Development, Engineering and Maintenance (GARDEM) mission. The contract is the fourth in support of GARDEM in 2026, bringing Parsons' total awards to $218 million and reinforcing the company's role as a provider of mission-critical digital and data-centric capabilities for the U.S. Air Force.

The latest award expands Parsons' responsibilities for research and development and operations and maintenance (O&M) across GARDEM 2 enterprise platform and mission application software baselines, including Platform and Mission Application support for field sites and existing installations. Parsons will also lead the migration of capabilities to its Lightweight Application Management Platform (LAMP), a lean, scalable environment designed to accelerate global mission deployment while reducing lifecycle cost.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.