Parsons jumps after winning $136M U.S. Air Force MATOC position
PSN•Parsons announced on May 12, 2026 it won a position on a U.S. Air Force multiple-award task order contract with a $136 million ceiling over an 8.5-year performance period. The contract covers architect-engineer services at Hill Air Force Base, providing a clear same-day catalyst for the stock’s move.
1. What happened today (May 12, 2026)
Parsons announced it was selected by the U.S. Air Force and the 75th Civil Engineer Group at Hill Air Force Base for a multiple-award task order contract to provide architect-engineer services across the installation, with a $136 million ceiling value and an 8.5-year performance period. (stocktitan.net)
2. Why this is a real catalyst
A newly announced government contract win with a stated ceiling value and multi-year duration is a concrete, same-day fundamental development that can directly affect future backlog conversion and revenue visibility, distinguishing it from technical trading or broad market drift. (stocktitan.net)
3. What to watch next
Because this is a multiple-award vehicle, the timing and size of actual revenue depend on future task-order awards and funding; investors typically watch for incremental task orders, updated backlog commentary, and any related program updates tied to Hill Air Force Base infrastructure needs. (quiverquant.com)
