{"id":9466,"date":"2020-03-04T05:20:09","date_gmt":"2020-03-04T13:20:09","guid":{"rendered":"https:\/\/origin-www.parsons.com\/?p=9466"},"modified":"2020-03-04T08:37:27","modified_gmt":"2020-03-04T16:37:27","slug":"parsons-and-als-create-strategic-space-partnership","status":"publish","type":"post","link":"https:\/\/www.parsons.com\/2020\/03\/parsons-and-als-create-strategic-space-partnership\/","title":{"rendered":"Parsons and ALS Create Strategic Space Partnership"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"484\" src=\"\/wp-content\/uploads\/2020\/03\/Space-Release_website.png\" alt=\"\" class=\"wp-image-9467\"\/><\/figure>\n\n\n\n<p><em>Team\neyes opportunities in the expanding space market<\/em><\/p>\n\n\n\n<p>CENTREVILLE, VA (March 4, 2020) \u2013 Parsons Corporation (NYSE: PSN) and Adaptive Launch Solutions (ALS) have established a strategic partnership for launch and space system engineering, operations, and integration opportunities with the U.S. government and commercial customers.<\/p>\n\n\n\n<p>Parsons and ALS are both on the U.S. Space Force Launch\nManifest Systems Integrator (LMSI) program, with Parsons serving as the prime\ncontractor.&nbsp; The Parsons and ALS team successfully\ncompleted the first launch as part of the LMSI program in August 2019. The second\nlaunch is scheduled for March 2020.<\/p>\n\n\n\n<p>\u201cThe combination of Parsons and ALS will continue\nunlocking the potential of the space domain for our customers,\u201d said Aarish Gokaldas,\nexecutive vice president of the Parsons Space and Geospatial Solutions market. \u201cThe\nteam\u2019s scalable, end-to-end launch operations will optimize the space mission,\nfrom planning to hardware solutions and payload integration, and finally to\nseparation in orbit, resulting in more options and simpler launch vehicle\nsystems interfaces.\u201d <\/p>\n\n\n\n<p>Parsons has more than 60 years of experience supporting\nU.S. Air Force and National Aeronautics and Space Administration (NASA) launch\noperations, space domain awareness, data analytics, and payload development and\nintegration.<\/p>\n\n\n\n<p>\u201cUnited States government organizations and commercial\ncompanies are realizing the benefits from advancements made in small and mid-\nsize satellite capabilities,\u201d stated Phil Smith, chief executive officer of ALS.\n\u201cTogether ALS and Parsons will help our customers meet their program objectives\nand achieve their business plans by providing reliable, responsive launch\nintegration.\u201d<\/p>\n\n\n\n<p>ALS provides the full spectrum of small satellite\nmulti-manifest launch services including marketing, contracts, program\nmanagement, mission integration, engineering, manufacturing design,\nintegration, assembly, test management and launch campaign support.<\/p>\n\n\n\n<p><strong>About ALS<\/strong><\/p>\n\n\n\n<p><em>Adaptive Launch Solutions (ALS), is a Small\nDisadvantaged Business with offices in San Diego, California, whose staff has\ndeep experience in all facets of satellite integration and launch services for\nsmall and large satellites and launch vehicles.<\/em><\/p>\n\n\n\n<p><strong>About Parsons<\/strong><\/p>\n\n\n\n<p><em>Parsons (NYSE: PSN) is a leading disruptive technology\nprovider in the global defense, intelligence, and critical infrastructure\nmarkets, with capabilities across cybersecurity, missile defense, space,\nconnected infrastructure, and smart cities. Please visit<\/em>&nbsp;<a href=\"http:\/\/www.parsons.com\/\"><em>parsons.com<\/em><\/a><em>, <\/em><em>and follow us on<\/em>&nbsp;<a href=\"https:\/\/www.linkedin.com\/company\/parsons\"><em>LinkedIn<\/em><\/a><em> <\/em><em>and<\/em>&nbsp;<a href=\"https:\/\/www.facebook.com\/parsonscorporation\"><em>Facebook<\/em><\/a><em> to learn how\nwe\u2019re making an impact.<\/em><\/p>\n\n\n\n<p><strong><em>Forward Looking Safe Harbor Statement <\/em><\/strong><\/p>\n\n\n\n<p><em>This presentation contains forward-looking statements\nwithin the meaning of the Private Securities Litigation Reform Act of 1995,\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities\nExchange Act of 1934, as amended. Forward-looking statements are based on our\ncurrent expectations, beliefs and assumptions, and are not guarantees of future\nperformance. Forward-looking statements are inherently subject to\nuncertainties, risks, changes in circumstances, trends and factors that are\ndifficult to predict, many of which are outside of our control. Accordingly,\nactual performance, results and events may vary materially from those indicated\nin the forward-looking statements, and you should not rely on the\nforward-looking statements as predictions of future performance, results or\nevents. Numerous factors could cause actual future performance, results and\nevents to differ materially from those indicated in the forward-looking\nstatements, including, among others: any issue that compromises our\nrelationships with the U.S. federal government or its agencies or other state,\nlocal or foreign governments or agencies; any issues that damage our\nprofessional reputation; changes in governmental priorities that shift\nexpenditures away from agencies or programs that we support; our dependence on\nlong-term government contracts, which are subject to the government\u2019s budgetary\napproval process; the size of our addressable markets and the amount of government\nspending on private contractors; failure by us or our employees to obtain and\nmaintain necessary security clearances or certifications; failure to comply\nwith numerous laws and regulations; changes in government procurement, contract\nor other practices or the adoption by governments of new laws, rules,\nregulations and programs in a manner adverse to us; the termination or\nnonrenewal of our government contracts, particularly our contracts with the\nU.S. federal government; our ability to compete effectively in the competitive\nbidding process and delays, contract terminations or cancellations caused by\ncompetitors\u2019 protests of major contract awards received by us; our ability to\ngenerate revenue under certain of our contracts; any inability to attract, train\nor retain employees with the requisite skills, experience and security\nclearances; the loss of members of senior management or failure to develop new\nleaders; misconduct or other improper activities from our employees or\nsubcontractors; our ability to realize the full value of our backlog and the\ntiming of our receipt of revenue under contracts included in backlog; changes\nin the mix of our contracts and our ability to accurately estimate or otherwise\nrecover expenses, time and resources for our contracts; changes in estimates\nused in recognizing revenue; internal system or service failures and security\nbreaches; and inherent uncertainties and potential adverse developments in\nlegal proceedings, including litigation, audits, reviews and investigations, which\nmay result in materially adverse judgments, settlements or other unfavorable\noutcomes. These factors are not exhaustive and additional factors could\nadversely affect our business and financial performance. For a discussion of\nadditional factors that could materially adversely affect our business and\nfinancial performance, see the factors included under the caption \u201cRisk\nFactors\u201d in our [Registration Statement on Form S-1]1 and our other filings\nwith the Securities and Exchange Commission. All forward-looking statements are\nbased on currently available information and speak only as of the date on which\nthey are made. We assume no obligation to update any forward-looking statement\nmade in this presentation that becomes untrue because of subsequent events, new\ninformation or otherwise, except to the extent we are required to do so in\nconnection with our ongoing requirements under federal securities laws.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Team eyes opportunities in the expanding space market CENTREVILLE, VA (March 4, 2020) \u2013 Parsons Corporation (NYSE: PSN) and Adaptive Launch Solutions (ALS) have established a strategic partnership for launch [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-9466","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"\n<title>Parsons and ALS Create Strategic Space Partnership<\/title>\n<meta name=\"description\" content=\"Team eyes opportunities in the expanding space market CENTREVILLE, VA (March 4, 2020) \u2013 Parsons Corporation (NYSE: PSN) and Adaptive 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