Parsons Supports U.S. Indo-Pacific Defense With $68.5 Million U.S. Army Infrastructure Contract

CHANTILLY, Va., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a contract by the United States Army Corps of Engineers (USACE) Honolulu District to provide the design-bid-build delivery of new U.S. Army housing units in the Kwajalein Atoll in the Republic of the Marshall Islands. The three-year, $68.5 million single-award contract is new work for the company.

Parsons was also selected by the USACE Honolulu District as a successful offeror on the district’s Pre-Qualified Source Listing (PQSL), making the company eligible to receive future large task orders valued at $50 million or more in the district’s area of responsibility.

“Parsons is a trusted delivery partner to the U.S. Army Corps of Engineers in advancing infrastructure projects that advance U.S. Indo-Pacific Command,” said Jon Moretta, President, Engineered Systems for Parsons. “This award expands our work in the Kwajalein Atoll, a uniquely complex environment for infrastructure due to the logistical challenges of servicing the remote location as well as the highly corrosive and humid environment. We look forward to furthering the Corps of Engineers Honolulu District’s efforts to contribute to stability and security of the Indo-Pacific region.”

Under this contract, Parsons will deliver new army housing units on-island, the second such contract the company received in under a year. In October 2023, the company announced it was awarded a $44 million contract to deliver army housing units in support of the Department of the Army’s modernization initiatives. Since 2019, Parsons has been awarded more than $400 million in INDOPACOM-related contracts by leveraging their program and construction management; engineering and planning; and complex infrastructure expertise. The company continues to partner with customers across the INDOPAC region to deliver integrated solutions across the national security and critical infrastructure portfolios.

To learn more about Parsons’ global infrastructure solutions, visit Parsons.com/federal-infrastructure/.

About Parsons:
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

Forward-Looking Statements:
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Media Contact:
Jonathan Larry
+1 706.832.7330
jonathan.larry@parsons.com

Investor Relations Contact:
Dave Spille
+1 703.775.6191
Dave.Spille@parsons.us