Parsons joins Raft partner program to accelerate AI in defense across Indo-Pacific region

Parsons joins Raft partner program for Indo-Pacific defense By Investing.com

MCLEAN, Va. - Parsons Corporation (NYSE:PSN) joined Raft's Partner Program to deliver data and artificial intelligence capabilities to military operators in the Indo-Pacific region, according to a press release statement issued today. The $5.5 billion defense contractor, which generated $6.3 billion in revenue over the last twelve months, has seen its stock decline 28% over the past year to $51.32 despite maintaining profitability. The partnership aims to support military modernization efforts across the region through integrated data and AI solutions. The companies will collaborate on advancing data adoption and delivering capabilities designed to improve decision-making and operational effectiveness. "Our customers need capabilities that work on day one and evolve at the pace of the mission," said Mike Kushin, president of Defense and Intelligence for Parsons. "Together with Raft, we are delivering integrated data and AI solutions that put operators first, accelerating insight, improving mission outcomes, and ensuring the joint force can outpace emerging threats across the Indo-Pacific." The companies recently conducted Pacific Operator Training, bringing together military leaders and operators to provide education on data architectures, artificial intelligence, and mission technologies supporting operational missions in the Pacific. Meghan Grumbach, Vice President of Marketing and Partnerships at Raft, said the Partner Program includes strategic partners supporting the company's vision. Raft provides data and AI software for the U.S. Department of Defense and national security community. Parsons operates in national security and global infrastructure markets, with capabilities including cyber and electronic warfare, space and missile defense, and critical infrastructure protection. According to InvestingPro analysis, the stock appears undervalued at current levels, placing it among opportunities on the platform's Most Undervalued list. Investors seeking deeper insights can access comprehensive Pro Research Reports covering Parsons and 1,400+ other US equities. The partnership focuses on the Indo-Pacific theater, where military forces operate across vast distances under challenging conditions. In other recent news, Parsons Corporation announced its selection for design and construction oversight contracts for the John A. Blatnik Bridge Project, with an estimated cost between $1.1 billion and $1.4 billion. Additionally, Parsons secured a $184 million contract to support the Department of the Navy's Intelligence Carry-On Program, providing capabilities to enhance battlespace awareness. The company also received a $22 million contract extension from the Los Angeles County Metropolitan Transportation Authority for improvements along the I-605 corridor. Furthermore, Parsons highlighted its cyber and electromagnetic warfare capabilities aimed at protecting critical infrastructure and enabling real-time military awareness. The company also demonstrated its AI-enabled drone defense system, integrating various technologies for threat mitigation. These developments reflect Parsons' continued engagement in significant infrastructure and defense projects. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Raft LLC and Parsons Corporation Highlight Participation in Strategic Partner Program to Accelerate Modernization and Operational Advantage Across the Indo-Pacific

Raft LLC announced Parsons Corporation's participation in Raft LLC's Partner Program to accelerate the delivery of data, artificial intelligence, and mission-critical capabilities to military operators across the Indo-Pacific. Together, Raft LLC and Parsons Corporation are committed to helping the joint force increase lethality, accelerate decision-making, and maintain a decisive advantage in contested environments. Through its participation in Raft LLC's Partner Program, Parsons Corporation will collaborate with Raft LLC to support modernization efforts across the region, advance data and artificial intelligence adoption, and deliver capabilities that improve decision advantage, operational resilience, and force effectiveness. This engagement reflects a broader shift in defense modernization toward continuous collaboration between operators and industry. A recent example of this collaboration was the Pacific Operator Training, where Raft LLC and Parsons Corporation brought together military leaders and operators from across the joint force to educate and train on modern data architectures, artificial intelligence, and mission technologies currently supporting operational missions throughout the Pacific. By combining their expertise and maintaining a relentless focus on mission outcomes, Raft LLC and Parsons Corporation will continue leading the modernization efforts that are strengthening operational readiness across the Indo-Pacific.