Parsons Corporation was selected by Army Contracting Command – Rock Island, working with the Air Force Civil Engineering Center, to provide comprehensive Owner's Advisor support under an initial US$85 million, 75-month agreement for the progressive design-build of U.S. Space Command's new 950,000-square-foot headquarters at Redstone Arsenal in Huntsville, Alabama. The award expands Parsons' Federal Solutions and Critical Infrastructure portfolio and places the company at the center of one of the Department of War's largest progressive design-build initiatives, as well as one of the Air Force's first uses of an Owner's Advisor delivery model. The Space Command win sits alongside a string of recent defense and space awards, including an August 2026 US$514 million Missile Defense Agency TEAMS option. Parsons' investment narrative projects $7.2 billion in revenue and $407.1 million in earnings by 2029, requiring 4.6% yearly revenue growth and a $249.7 million earnings increase from $157.4 million today. The most optimistic analysts see around US$7.6 billion of revenue and roughly US$480.8 million of earnings by 2029, though investors still need to weigh execution risk, contract timing, and an unresolved legal and reputational overhang.
Parsons CorpParsons won an $85 million Owner's Advisor contract for US Space Command's new headquarters, expanding its Federal Solutions portfolio.
WT Microelectronics Co Ltd