Parsons continued to build its defense and intelligence portfolio during the quarter, booking five single-award contracts worth more than $100 million each. How Did Parsons’ Federal Solutions & Critical Infrastructure Segments Perform in Q2 2026? Parsons’ federal solutions segment posted $761 million in Q2 revenue, down 6 percent year-over-year. Excluding the company’s confidential contract and portfolio-shaping actions, segment revenue rose 11 percent, with 2 percent organic growth. “For fiscal year 2027, the administration has proposed a $1.15 trillion base defense budget, representing more than 28% increase over 2026,” Smith said.