CHANTILLY, VA (Nov. 12, 2024) – Parsons Corporation (NYSE: PSN) has launched the latest version of its DERMS solutions platform, a distributed energy resource (DER) management system and IoT platform. This open standards-based system, available as SaaS or enterprise landed, revolutionizes the integration and realization of the environmental and economic benefits of renewable energy also known as DERs that include solar panels, wind turbines, energy storage, electric batteries, thermostat controllers and building energy systems.

The DERMS solution provided by Parsons aids utilities and grid operators in optimizing the scheduling and delivery of DERs, enhancing ROI by integrating DERs with legacy fuel supplies. It mitigates intermittencies from renewable sources, reduces carbon emissions, and improves efficiency, resiliency, and economic planning. The platform also supports new business models like virtual power plants (VPPs), creating new revenue streams.

“Our DERMS solution represents an advancement from early DRMS functionality that was based on isolated operations of monitoring and controlling energy resources,” said Robert Nawy, Director of IPK Power Division, Parsons. “The integration with Advanced Metering Infrastructure (AMI) increases efficiency, flexibility, cost savings, and sustainability for utilities and grid operators, benefiting residential, commercial, and industrial customers.”

Key features of DERMS solutions provided by DERMS with AMI include:

• Data-Driven Decision Making & Analytics: Granular data on energy usage enhances DER management, demand response programs, load forecasting, and real-time grid balancing.
• Enhanced Customer Engagement: Real-time energy usage information allows customers to participate in demand response programs and make informed decisions.
• Improved Reliability and Resilience: Real-time data helps quickly identify and respond to outages, manage peak loads, and integrate renewable energy sources effectively.
• The Parsons’ platform includes technological extensions that span a menu of integrated resources and systems, enhancing control and economic optimization with real time analytics across the following infrastructure:
• Integrated Resources: Solar Photovoltaic (PV); Wind Turbines; Battery Storage; Electric Vehicles & Vehicle to grid (V2G); Hydro Power; Natural Gas Generation; Building energy Management Systems (BEMS); Energy Management Systems (EMS)
• Integrated Systems: Customer Relationship Management (CRM); Meter Data Management (MDM); Customer Care and Billing Systems; Outage Management Systems (OMS); Geographic Information Systems (GIS); SCADA & Automated Distribution Management Systems; Advanced Meter Infrastructure (AMI); Transformer Monitoring

Parsons evolution from early DRMS to the updated DERMS with AMI integration represents a significant advancement in the ability to manage and optimize distributed energy resources, driven by improvements in data collection, real-time analytics, and system integration.

For more information on how Parsons DERMS may revolutionize energy management or to request a demo, visit  /products/derms/.

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 protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends, and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results, and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results, or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local, or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations, and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations, or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train, or retain employees with the requisite skills, experience, and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews, and investigations, which may result in materially adverse judgments, settlements, or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

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CHANTILLY, VA (November 8, 2024) – Parsons Corporation (NYSE:PSN) was recognized as “Contractor of the Year” this week at the 22^nd Annual Greater Washington Government Contractor Awards, where the company won the “Contractor of the Year, greater than $300 million” category.  The annual event, presented by the Northern Virginia Chamber of Commerce and the Professional Services Council, is the premier event honoring the leadership, innovation, and commitment to excellence of the people and businesses of the government contracting community.

“Every day, more than 19,000 members of the Parsons team are working to make a difference for our customers and our company,” said Parsons’ Chair, President, and Chief Executive Officer Carey Smith. “This award recognizes their outstanding performance and their commitment to imagining next in national security and global infrastructure. Especially as we celebrate Parsons’ 80^th anniversary in 2024, this recognition highlights our leadership and impact over the last eight decades and our bright future for the decades ahead.”

The award recognized Parsons leading role in the government contracting sector, delivering on customers’ critical missions around the world, achieving record results, and cultivating a strong corporate culture and role as a destination employer. Smith noted the successes in the company’s quarterly earnings call last week, citing record Q3 results for total revenue, organic revenue growth, net income, adjusted EBITDA, operating cash flow, and contract awards, and delivering over 20% organic growth for the sixth consecutive quarter. The company has also been recognized as a Best Employer for New Grads by Forbes, a top military-friendly employer, and as one of the World’s Most Ethical Companies for 15 consecutive years by Ethisphere.

To learn more about Parsons, visit www.parsons.com/.

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 protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

The post Parsons Named Government Contractor of the Year appeared first on Parsons Corporation.

Click here to read our Q3 2024 Earnings Press Release.

The post Parsons Reports Record Results Since IPO for the Third Quarter of 2024 appeared first on Parsons Corporation.

CHANTILLY, VA. (October 24, 2024) – Parsons Corporation (NYSE: PSN) announced today that the company was awarded a Defense Threat Reduction Agency (DTRA) Proliferation Prevention Program task order to reduce the threat of weapons of mass destruction (WMD) proliferation in Eastern Europe. The $27 million ceiling-value task order under the DTRA Cooperative Threat Reduction Integrating Contract (CTRIC) III is new work for the company and consists of a two-year period of performance and three one-year option periods.

Under this task order, Parsons will provide expertise, training, and resources to allow partner nations in Eastern Europe to address existing and emerging security risks. The company will provide DTRA with program management, equipment procurement and delivery, training, sustainment, and design and construction management capabilities.

“Our proven, best-in-class people and solutions are leading the charge for a safer world,” said Jon Moretta, President, Engineered Systems, for Parsons. “For decades, Parsons has advanced DTRA’s mission to prevent, reduce, and counter threats to global security. We look forward to continuing this critical work through the agency’s Proliferation Prevention Program, supporting efforts to strengthen partner capabilities to detect and interdict WMD-related trafficking across borders.”

Parsons was named on the DTRA CTRIC III multiple award contract in June 2018 and has since been awarded seven task orders. Through these task orders, the company has advanced the agency’s Cooperative Threat Reduction mission to partner with willing countries to reduce global threats from WMD and related materials, technologies, facilities, and expertise.

To learn more about Parsons’ global security and mission solutions, visit Parsons.com/security-and-mission-solutions/.

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:

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

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CHANTILLY, VA (October 22, 2024) – Parsons Corporation (NYSE:PSN) announced today that the company has been awarded two contracts worth $25 million to perform design engineering for a Middle East transportation customer. With the same customer, Parsons has won more than $90 million in contract awards over the last 9 months.

Under these contracts, Parsons will lead the design engineering and construction supervision of transportation infrastructure enhancements. The scope includes the development of mobility solutions and their dedicated corridors, roadway capacity upgrades, and public transit initiatives on critical streets to improve urban mobility and reduce congestion. Parsons will also conduct a strategic study to assess a new corridor to alleviate traffic and optimize expressway traffic. Finally, Parsons will manage the planning and design to minimize disruption to existing traffic, while supporting the seamless integration of these improvements into the region’s transportation network.

“Projects like these demonstrate the evolving nature of transportation in the Middle East. I am proud that we are leveraging Parsons’ 80 years of global experience, combined with our local knowledge to create bespoke solutions for our transportation clients’ needs that are transforming regional mobility,’’ said Pierre Santoni, President of Infrastructure EMEA at Parsons. ‘‘As demand rises for sustainable modes of transportation, Parsons is committed to working with its clients to imagine the future of transportation with safe, secure, connected and sustainable solutions.”

These projects enhance transportation infrastructure and underscore Parsons’ commitment to deliver innovative solutions. With advanced design practices that are environmentally conscious, Parsons is creating mobility solutions that alleviate congestion and promote alternative, eco-friendly modes of transport. Parsons’ focus on sustainability, through rigorous Environmental Impact Assessments and the development of pedestrian-friendly features, aligns with the region’s vision for a greener future.

These wins are part of a broader strategic focus of the Gulf member states including Bahrain, Qatar, Abu Dhabi, Saudi Vision 2030, Oman Vision 2040, and Dubai 2040 Urban Master Plan. Parsons is proud to be a trusted partner for more than 65 years and will help deliver their vision of digitally-transformed infrastructure.

With a regional team of more than 6,500 employees, Parsons brings deep domain expertise across urban and destination development, transport infrastructure and smart mobility, industrial and commercial development, asset management, sustainability, and resilience in the region.

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 protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.    

To join Parsons in creating the future of the Middle East, visit parsons.com/mea

The post Parsons Awarded $25M Contracts For Middle East Transportation Projects appeared first on Parsons Corporation.

Acquisition strategically enhances Parsons’ infrastructure capabilities in the Southeast U.S.

CHANTILLY, VA (October 21, 2024) – Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire BCC Engineering, LLC (BCC), one of Florida’s leading transportation engineering firms, in an all-cash transaction valued at $230 million.

BCC, a portfolio company of Trivest Partners, is a full-service engineering firm that provides planning, design, and management services for transportation, civil, and structural engineering projects in Florida, Georgia, Texas, South Carolina, and Puerto Rico. This acquisition strengthens Parsons’ position as an infrastructure leader while expanding the company’s reach in the Southeastern United States, an area where the Infrastructure Investment and Jobs Act (IIJA) provided approximately $100 billion in Federal Highway Administration formula dollars for fiscal years 2022-2026. The transaction is consistent with Parsons’ strategy of acquiring high-growth companies with greater than 10% revenue growth and adjusted EBITDA margins. BCC will be integrated into Parsons’ North America Infrastructure business unit.

“Parsons’ acquisition of BCC represents another important milestone in our mission to advance mobility solutions across North America,” said Carey Smith, Parsons’ chair, president, and chief executive officer. “The addition of BCC’s talented team expands our service offerings and furthers our impact during this transformative era for infrastructure. Our collaboration will enable us to drive progress, foster economic growth, and ultimately create more connected and resilient infrastructure across the nation. I am excited to welcome BCC into Parsons.”

Established in Miami, FL, in 1994, BCC is known for its innovative, best-in-class solutions for some of Florida’s largest and most complex roadway and bridge projects. The company has delivered over 100 major projects serving every district for the Florida Department of Transportation and is one of the fastest-growing transportation engineering firms in the southeast U.S. BCC has also been consistently recognized as a top place to work by the Sun Sentinel, and a Top 500 design firm by the Engineering News Record (ENR).

“We are excited to become part of Parsons’ team,” said Jose Muñoz, BCC’s president & CEO. “This acquisition marks a significant milestone for both of our organizations and represents a shared vision for the future of infrastructure in our communities. Parsons is a leader in the digitization of design and delivery of infrastructure, and this provides our team the opportunity to be at the forefront of the industry. Together we’re unlocking the potential of transportation infrastructure for our customers and communities where we live and work.”

Parsons and BCC have worked closely for years on critical infrastructure projects and, through collaboration and client-focused strategy, will continue to unlock additional value and impact for clients worldwide. The net transaction value of $221m (including $9 million of transaction-related tax benefits) represents approximately 13.0x BCC’s estimated 2025e EBITDA. For 2025, Parsons expects BCC to generate approximately $110 million of gross revenue and be accretive to Parsons’ revenue growth and adjusted EBITDA margins. The transaction is expected to close in the next 30 days, subject to customary closing conditions. Parsons was advised by BofA Securities and Jenner & Block, and Akerman advised BCC.

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 protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends, and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results, and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results, or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local, or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations, and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations, or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train, or retain employees with the requisite skills, experience, and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews, and investigations, which may result in materially adverse judgments, settlements, or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

The post Parsons To Acquire BCC Engineering appeared first on Parsons Corporation.

CHANTILLY, VA. (October 17, 2024) – Parsons Corporation (NYSE: PSN) announced today that the company was awarded a seat on a $225 million multiple award task order contract (MATOC) by the United States Army Corps of Engineers (USACE) Kansas City District. The contract for environmental remediation activities has a one-year base period and four one-year option periods and represents new work for the company. The contract includes projects funded by the Infrastructure Investment and Jobs Act in support of Environmental Protection Agency (EPA) cleanup projects that protect public health and safety.

Under this contract, Parsons will compete for task orders to advance work assigned to USACE Northwestern Division and USEPA Region 2 at sites requiring hazardous, toxic, and radioactive waste remediation and investigation and environmental studies such as wetlands delineation, habitat mitigation, and pollution prevention.

“Parsons is a trusted partner to the federal government in providing environmental solutions that deliver a cleaner, safer world,” said Jon Moretta, president, Engineered Systems for Parsons. “We remain committed to leveraging our proven experience, capabilities, and innovative technologies in support of USACE and EPA remediation actions to protect human health and the environment.”

For decades, Parsons has advanced USACE’s mission to deliver vital engineering solutions to secure the nation and energize the economy. In April, the company announced winning a seat on the $464 million U.S. Army Environmental Command MATOC for remediation services at sites involving hazardous toxic waste, including perfluoroalkyl and polyfluoroalkyl substances (PFAS).

To learn more about Parsons’ environmental solutions, visit Parsons.com/environmental.

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 protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

Forward-Looking Statements:

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

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The post Parsons Wins Seat on $225M U.S. Army Corps of Engineers Contract for Environmental Remediation appeared first on Parsons Corporation.

CHANTILLY, Va. (October 3, 2024) – Parsons Corporation (NYSE: PSN) announced that the company was selected by the National Guard Bureau to manage the operation and maintenance of a per-and polyfluoroalkyl substances (PFAS) groundwater treatment system at Burlington Air National Guard Base, Vermont. The two-year task order is new work for the company.

As part of the contract, Parsons will work to optimize the existing granular activated carbon treatment system by utilizing the company’s Water Treatability Lab in Syracuse, New York.

“PFAS is one of the most significant, widespread environmental issues impacting our communities,” said Jon Moretta, president, Engineered Systems for Parsons. “Our teams have utilized Parsons’ Water Treatability Lab to spearhead innovative water treatment research for more than 30 years. We look forward to helping the Burlington Air National Guard improve their PFAS treatment.”   

Parsons is a global leader in water and wastewater treatment, with a team of PFAS experts focused on hydrogeology, human health, ecological risk assessment, remediation, and modeling. This combination of knowledge positions the company to mitigate risks and liabilities through insight, advocacy, risk assessment, risk communication, remediation, and treatment.

The company has completed nearly 2,000 PFAS investigations for industrial, commercial, and federal clients, and designed and installed 7,000 PFAS point-of-entry treatment systems, in addition to designing, building, and operating large full-scale water treatment plants to remove PFAS from drinking water and wastewater.

To learn more about Parsons’ PFAS experience, visit Parsons.com/pfas/.

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 protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

The post Parsons Leading PFAS Groundwater Treatment at Burlington Air National Guard Installation appeared first on Parsons Corporation.

CHANTILLY, VA. (October 2, 2024) – Parsons Corporation (NYSE: PSN) announced today that the company was awarded a position on an indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC) by the Defense Threat Reduction Agency (DTRA) to support Countering Weapons Of Mass Destruction (CWMD) objectives. The $4 billion ceiling value contract includes a five-year base period and one five-year option period and is new work for the company.

Under this contract, Parsons will compete for task orders to perform research, development, testing and evaluation, procurement, maintenance, and systems engineering to deliver scientific and technological solutions meeting the Department of Defense’s priority CWMD objectives.

“We have strong, proven technical capabilities that enable efforts by the United States and partner nations to counter and deter global threats,” said Jon Moretta, President, Engineered Systems for Parsons. “We’re proud to leverage these capabilities and our core strengths in global security solutions support and development to advance DTRA’s mission to prevent, reduce, and counter WMD and emerging threats in an increasingly complex and dynamic environment.”

This IDIQ MATOC continues Parsons’ decades-long support of DTRA, which includes global projects addressing the destruction of chemical weapons and strategic offensive arms, nuclear security, mission assurance, and non-proliferation of weapons of mass destruction. In 2023, the company announced two task order awards under DTRA’s Assessment, Exercise, Modeling and Simulation, and Support (AEMSS) IDIQ MATOC. One task order will develop solutions improving partner nation capacity to prevent proliferation attempts, and the other will provide vulnerability assessments, technical support projects, design reviews, and analyses.

DTRA provides cross-cutting solutions to enable the Department of Defense, the United States Government, and international partners to deter strategic attacks against the United States and its allies; prevent, reduce, and counter weapons of mass destruction (WMD) and emerging threats; and prevail against WMD-armed adversaries in crisis and conflict.

To learn more about Parsons’ global security and mission solutions, visit Parsons.com/security-and-mission-solutions/.

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 protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

Forward-Looking Statements:

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

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CHANTILLY, Va., (September 30, 2024) – Parsons Corporation (NYSE: PSN), a leading national security solutions company in the space domain, is proud to announce the successful delivery of Phase 1.0, the initial capabilities release for the National Oceanic and Atmospheric Administration’s (NOAA) Office of Space Commerce’s (OSC) Traffic Coordination System for Space (TraCSS) program. Parsons is the system integration and cloud management services lead for TraCSS, a modern, cloud-based IT system that will provide space situational awareness (SSA) and space traffic coordination (STC) services to private and civil space operators.

Phase 1.0 provides the ‘beta user’ community access to conjunction data messages (CDMs) for evaluation while TraCSS runs in parallel with the Department of Defense (DoD) systems. This significant milestone supports the transition of the safety of flight mission from the DoD to the Department of Commerce.    

“This important milestone is a significant step toward developing a robust and secure system for space situational awareness, which is vital for the safety of our shared space environment and its assets in orbit,” said Mike Kushin, President of Defense and Intelligence for Parsons. “OSC’s TraCSS program is a groundbreaking initiative that will navigate and deconflict the complexities of congested space traffic while driving innovation and collaboration between governments and industry in the space domain.”

The Parsons-developed system establishes the foundational platform for hosting services supporting the civil space SSA mission. These capabilities are designed to improve space traffic coordination for thousands of space vehicles, enabling safe space operations for the preservation of human lives, business assets, and the overall space environment.

“We are building TraCSS to become a foundational safety service that spacecraft operators around the world can depend on,” said Dmitry Poisik, TraCSS Program Manager. “I’m thankful for the tremendously strong partnership that enabled the Parsons and OSC teams to launch this modern, reliable system.”

As the system integrator, Parsons is developing the software platform for the operational TraCSS system. The company will integrate containerized, third-party software components from commercial companies into the TraCSS ecosystem. Following an agile development approach, the company is building the infrastructure for the TraCSS system that allows for continuous improvement and evolution to react to changing TraCSS mission needs. The company’s role also encompasses the management of cloud services, cybersecurity protection, and system administration for TraCSS operations.

For 30 years, Parsons has enabled the SSA mission for the U.S. government and allied partners by providing end-to-end customized mission solutions to meet customer needs in the rapidly evolving space domain. Parsons has also developed enterprise software solutions for multiple USG organizations, providing space catalog and space domain analytical services and solutions.

For more information about Parsons’ military space capabilities, please visit: /space/

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 protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

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