Parsons Secures Lucrative $55M Contract for Space-Based Missile Warning System
April 29, 2023
Trending News 🌥️
Parsons Corporation ($NYSE:PSN), a leading technology-driven engineering services provider, has been awarded a lucrative contract worth $55M to support the Earth orbit missile warning and architecture. The recent contract is part of a larger effort to increase the missile warning capability of the U.S. military and was awarded by the U.S. Air Force Space and Missile Systems Center. The program will involve the design, build, test, and delivery of an enhanced space-based missile warning system. This comprehensive system will be used to detect and characterize ballistic missile launches around the globe and to provide early warning of potential threats. Parsons’ experience in developing advanced missile warning technology and its proven track record of delivering successful projects make it well-suited for this project.
The company is expected to leverage its expertise in aerospace systems engineering, engineering support services, and space launch services in order to successfully complete this mission-critical system. This new contract demonstrates Parsons’ commitment to providing cutting-edge solutions to improve the safety and security of its customers. With its broad range of highly sophisticated capabilities, Parsons is uniquely positioned to deliver innovative solutions in defense, cyber security, and space exploration.
Share Price
On Friday, PARSONS CORPORATION announced that it has been awarded a lucrative $55 million contract to develop a space-based missile warning system for the United States government. This system is designed to provide early warning of missile launches and advances the national security and defense of the United States. The news of the contract sent the company’s stock opening at $43.7 and closing at $43.5, down by 0.1% from its last closing price of 43.6.
This contract is expected to bring immense value to the company and open new opportunities in the defense sector. With this new contract, PARSONS CORPORATION is set to be a leader in developing advanced space-based missile warning systems. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Parsons Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 4.2k | 96.66 | 2.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Parsons Corporation. More…
| Operations | Investing | Financing |
| 237.53 | -417.47 | 100.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Parsons Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.2k | 2.1k | 19.52 |
Key Ratios Snapshot
Some of the financial key ratios for Parsons Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.0% | 49.8% | 4.5% |
| FCF Margin | ROE | ROA |
| 4.9% | 5.9% | 2.8% |
Analysis
At GoodWhale, we recently conducted a thorough analysis of PARSONS CORPORATION‘s fundamentals. After taking into account a range of factors, we have concluded that PARSONS CORPORATION is a medium risk investment in terms of financial and business aspects. Our analysis identified two risk warnings in the company’s balance sheet and cashflow statement. If you would like to find out more, register with us and we will provide you with all the details. More…
Peers
The company is a provider of engineering, construction, and technical services for public and private sector clients. Parsons delivers innovative solutions to complex infrastructure and programmatic challenges, and is a recognized leader in the planning, design, and construction of a wide range of facilities and infrastructure. The company’s competitors include Airtificial Intelligence Structures SA, Modern Engineering & Projects Ltd, GMR Power and Urban Infra Ltd.
– Airtificial Intelligence Structures SA ($OTCPK:AITLF)
Artificial Intelligence Structures SA, or AI Structures, is a publicly traded company on the Madrid Stock Exchange. As of 2022, AI Structures has a market capitalization of €69.19 million and a return on equity of -7.34%. The company focuses on the development and commercialization of artificial intelligence technology.
– Modern Engineering & Projects Ltd ($BSE:539762)
Modern Engineering & Projects Ltd is a company that specializes in engineering and construction projects. The company has a market cap of 73.54M as of 2022 and a Return on Equity of -2211.89%. Modern Engineering & Projects Ltd has a strong focus on quality and safety, and has a good reputation in the industry. The company has a wide range of experience in both small and large projects, and has a proven track record of successful completion.
– GMR Power and Urban Infra Ltd ($BSE:543490)
GMR Power and Urban Infra Ltd has a market cap of 15.21B as of 2022, a Return on Equity of -54.42%. The company is engaged in the business of power generation and transmission, and urban infrastructure development.
Summary
PARSONS Corporation recently secured a $55 million contract to assist with Earth orbit missile warning and architecture. This contract is part of the U.S. Missile Defense Agency’s Integrated Research and Development for Enterprise Solutions (IRES) program. This is beneficial news for the company and its stockholders as Parsons’ stock has seen a steady increase since the announcement.
In addition to its positive impact on the stock, this news is also expected to improve Parsons’s presence in the defense market, solidify its relationship with the U.S. Missile Defense Agency, and act as a medium for future growth. Therefore, investors should consider buying Parson stock as it is a strong investment with a secure outlook in the defense market.
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