Morningstar

Parsons Gets U.S. Air Force Task Order for Up to $70 Million for Defenses in Europe, Africa

Provided by Dow Jones

By Elias Schisgall

Parsons received a task order worth up to $70 million from the U.S. Air Force to support air defense capabilities in Europe and Africa.

The $70 million ceiling task order, awarded under the Air Force's Air Base Air Defense contract, covers integration, testing, deployment, maintenance, and other operational support for point defense systems in the USAFE-AFAFRICA region, Parsons said Thursday.

The task order has a four-year initial term with three options for one-year extensions.

"This award reflects our proven ability to integrate and operationalize exquisite defense capabilities in complex, fluid environments" said Mike Kushin, president of the company's Defense and Intelligence business. "By expanding our role on the ABAD program, we will help strengthen the readiness, resilience, and protection of U.S. and allied forces throughout the USAFE-AFAFRICA theater."

Write to Elias Schisgall at elias.schisgall@wsj.com 




  (END) Dow Jones Newswires



  August 13, 2026 16:58 ET (20:58 GMT)


Copyright (c) 2026 Dow Jones & Company, Inc.
  

					The articles, information, and content displayed on this webpage may
					include materials prepared and provided by third parties. Such
					third-party content is offered for informational purposes only and
					is not endorsed, reviewed, or verified by Morningstar.
				
 

					Morningstar makes no representations or warranties regarding the
					accuracy, completeness, timeliness, or reliability of any third-party
					content displayed on this site. The views and opinions expressed in
					third-party content are those of the respective authors and do not
					necessarily reflect the views of Morningstar, its affiliates, or employees.
				
 

					Morningstar is not responsible for any errors, omissions, or delays
					in this content, nor for any actions taken in reliance thereon.
					Users are advised to exercise their own judgment and seek independent
					financial advice before making any decisions based on such content.
					The third-party providers of this content are not affiliated with
					Morningstar, and their inclusion on this site does not imply any
					form of partnership, agency, or endorsement.
				
 

				Popular
				
 
  
 
 
 
 
4 Stocks to Buy Before They Rise Further
 
Plus, the member of the triple-digit club reporting earnings this week. 
 
 
David Sekera, CFA and Susan Dziubinski 
 
 
 
The 10 Best Companies to Invest in Now
 
The stocks of these high-quality companies look cheap today. 
 
 
Tori Brovet 
 
 
 
2 Undervalued Stocks to Buy Before They Rebound
 
These wide-moat stocks look attractive after their recent pullbacks. 
 
 
Susan Dziubinski 
 
 
 
14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark
 
Russ Kinnel shares investment ideas from his annual Thrilling Funds list and discusses how he screens for quality investments in a sea of options. 
 
 
Russel Kinnel and Ivanna Hampton 
 
 
 
The 10 Best Dividend Stocks
 
These are the top dividend-paying stocks to buy today. 
 
 
Susan Dziubinski 
 
 
 
 

			Sponsor Center