Articles from Parsons Services Company

CHANTILLY, Va., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company was awarded a contract for a one-year option period on a confidential program in January 2025.  This contract was noted as pending during the company’s third quarter 2024 earnings conference call.

The scope includes standards for AI/ML adoption and integration into the Army’s Multi-Domain Intelligence Framework and Operations

CHANTILLY, Va., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that it has initiated a task order extension supporting the San Diego Pure Water program. This task order is a component of the eight-year, $110 million contract the Parsons-led joint venture with Black & Veatch was awarded in 2018 to provide comprehensive construction management services for treatment plants and associated facilities integral to the Pure Water Program.

CHANTILLY, Va., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) will release fourth quarter and fiscal year 2024 financial results before the markets open on Wednesday, February 19, 2025. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and strategic corporate initiatives.

CHANTILLY, Va., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that a team consisting of AECOM, Parsons, STV, Turner & Townsend, Ardmore Roderick, and CAS Consulting (LINC Austin) was selected by the Austin Transit Partnership as Delivery Partner for the $7 billion Austin Light Rail project. Under the initial four-year contract, LINC Austin will provide program and project management, construction management, and technical expert services during the planning, design, procurement, construction, and post-construction phases of the Austin Light Rail project.

CHANTILLY, Va., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company was awarded the LTC Hernan G. Pesquera Army Reserve Center Microgrid contract by the United States Army Corps of Engineers (USACE) Louisville District. The $20 million contract, including base plus options, to enhance energy resilience and sustainability for the Pesquera Army Reserve Center in Puerto Rico consists of a 610-day period of performance and is new work for the company.

Milestone Event Combines Autonomous Systems and Threat Emulation Capabilities

CHANTILLY, Va. , Dec. 11, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that California Department of Transportation (Caltrans) has selected the company to perform professional and technical services. This $23 million contract will provide “as needed” engineering and inspection services for structure construction projects in Caltrans Districts 1, 2, and 3-North.

CHANTILLY, Va., Dec. 10, 2024 (GLOBE NEWSWIRE) -- (December 10, 2024) – Parsons Corporation (NYSEPSN) announced today that the company has formed a joint venture with V2X named Polar Science Alliance (PSA), LLC to pursue the National Science Foundation’s (NSF) Antarctic Science and Engineering Support Contract (ASESC). This mission-critical $8 billion ceiling value single-award indefinite-delivery, indefinite-quantity contract will enable world-class scientific research support services for the United States Antarctic Program (USAP) over the next two decades.

CHANTILLY, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company has been awarded a $53 million, three-year contract by the Royal Commission for Riyadh City (RCRC) in Saudi Arabia for program management office (PMO) services on its Main and Ring Roads Program.

CHANTILLY, Va., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the Port Authority of New York and New Jersey (PANYNJ) has selected the Tutor/O&G joint venture (JV) team, with Parsons as the lead designer, for the Newark AirTrain Replacement Program – Guideway and Stations project. The $1.18 billion project is a critical component of the modernization of Newark Liberty International Airport (EWR) and will replace the existing, aging AirTrain system with a state-of-the-art automated people mover (APM) to better serve the airport's growing passenger needs.

CHANTILLY, Va., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) and Globalstar (NYSE American: GSAT) announce their exclusive partnership to support the public, government, and defense sectors. The partnership also includes the successful demonstration of Parsons’ software-defined satellite communications solution using Globalstar’s Low Earth Orbit (LEO) satellite constellation.

CHANTILLY, Va., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN), announced today that the official inauguration took place on 27 November 2024 for the $27 billion Riyadh Metro. Parsons is one of three consultants working as part of a Parsons-led joint venture known as the Riyadh Metro Transit Consultants (RMTC), along with Egis and SYSTRA, providing project and construction management on two of the Royal Commission for Riyadh City’s (RCRC) Riyadh Metro contracts which Parsons has now successfully delivered.

 CHANTILLY, Va., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that Kicking Horse Canyon Phase 4 (KHCP4), a transformative infrastructure initiative in British Columbia (BC), Canada, has been awarded the prestigious 2024 Global Best Project Award in the Road/Highway category by Engineering News-Record (ENR). Led by Kicking Horse Canyon Constructors – a joint venture between Aecon Constructors, Parsons Corporation, and Emil Anderson Construction – the project was delivered in partnership with the Transportation Investment Corporation and the BC Ministry of Transportation and Infrastructure.

CHANTILLY, Va., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the Tennessee Department of Transportation (TDOT) has selected the company to serve as lead designer for the proposed America’s River Crossing project, a pivotal infrastructure project aimed at enhancing transportation connectivity and economic growth in the Memphis region. This contract win marks a significant milestone for Parsons, further solidifying its position as a leader in long-span bridge design.

CHANTILLY, Va., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) 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.

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

Q3 2024 Financial Highlights

CHANTILLY, Va., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) 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.

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

CHANTILLY, Va., Oct. 17, 2024 (GLOBE NEWSWIRE) --  Parsons Corporation (NYSEPSN) 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.

CHANTILLY, Va., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) 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.

CHANTILLY, Va., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) 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.

CHANTILLY, Va., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) 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.

CHANTILLY, Va., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN), 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.

CHANTILLY, Va., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) will release third quarter 2024 financial results before the markets open on Wednesday, October 30, 2024. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and strategic corporate initiatives.

CHANTILLY, Va., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company has been named to S&P Dow Jones Indices prestigious S&P MidCap 400 Index, effective prior to the open of trading on September 23, 2024. The company, which celebrated its 80th anniversary earlier this year, 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.

CHANTILLY, Va., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) 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.

CHANTILLY, Va., Aug. 27, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the Georgia Department of Transportation (GDOT) and the Georgia State Road and Tollway Authority (SRTA) have selected a team that includes the company as lead engineer for the State Route 400 (SR 400) Express Lanes Major Mobility Investment Program (MMIP) Project. The project is led by a Public Private Partnership (P3) awarded to SR 400 Peach Partners consisting of Acciona Concesiones, ACS Infrastructure, and Meridiam as the lead operations, maintenance, and toll operations providers. Dragados and Acconia Construction will serve as the lead construction contractors, and Indra USA will serve as the toll systems integration contractor. Parsons will serve as the lead engineer for the construction contractors.

CHANTILLY, Va., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company has been awarded nearly $46M to oversee Operations Technology Maintenance Services for an East Coast strategic transportation customer.

Company will serve as subcontractor to Tutor Perini

Acquisition enhances Parsons’ cybersecurity, electronic warfare, and artificial intelligence capabilities

CHANTILLY, Va., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) today announced the launch of the newest iteration of iNET®, the company’s industry-leading intelligent transportation software. Built on the Microsoft Azure platform, the enhanced iNET® revolutionizes transportation network management, efficiency, effectiveness, and safety. By integrating artificial intelligence (AI) and machine learning (ML), it offers advanced monitoring and decision support, an improved user experience, and optimized transportation system performance that helps reduce greenhouse gas emissions. Additionally, it provides unmatched cyber security, all in a configurable software-as-a-service (SaaS) or enterprise platform.

Q2 2024 Financial Highlights

Acquisition enhances Parsons’ cybersecurity, electronic warfare, and artificial intelligence capabilities

CHANTILLY, Va., July 29, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company will serve as lead designer and a subconsultant to Elevate Inglewood Partners (“EIP”), a public-private partnership consortium comprised of Plenary Americas US Holdings, Inc. (equity member), Tutor Perini Corporation (lead contractor), Woojin Industrial Systems Co., Ltd. (automated transit system operator and supplier) and Alternate Concepts, Inc. (lead operations and maintenance contractor), that has been selected as the Best Value Proposer by the City of Inglewood (the “City”) for the Inglewood Transit Connector (“ITC”) Project.

CHANTILLY, Va., July 26, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company, in a joint venture with Vanir, was selected by the Sacramento County Department of Airports to provide construction management and inspection (CMI) services in support of the Sacramento International Airport (SMF) SMForward Program. The $30 million, five-year contract engages Parsons/Vanir’s joint venture (PVJV) in SMF’s $1.3 billion airport improvement program, which includes terminal gate expansions and landside projects to support the airport’s growth and modernization.

CHANTILLY, Va., July 25, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company was selected by the Indiana Department of Transportation (INDOT) for continued support of the I-69 Ohio River Crossing (ORX) project. The five-year, $26 million contract was expanded to include design oversight and construction inspection services for I-69 ORX Section 3, which stretches from the Veterans Memorial Parkway to the Indiana state line near the Ohio River.

CHANTILLY, Va., July 24, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN), a leader in infrastructure, defense, security, transportation, and engineering is proud to announce its readiness to meet the growing demand for infrastructure deployment for global events. With a rich decades-long history of delivering complex global solutions for critical events, Parsons is uniquely positioned to provide the necessary expertise, innovative solutions, and integrated security solutions for the successful execution of large-scale events and national gatherings across North America, like the 2026 FIFA World Cup and 2028 Olympics.

CHANTILLY, Va., July 08, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) will release second quarter 2024 financial results before the markets open on Wednesday, July 31, 2024. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and strategic corporate initiatives.

New tunnel designed to improve water quality in the Merrimack River

CHANTILLY, Va., June 24, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) today announced an expanded partnership with Technovation, a global technology and STEM education nonprofit that empowers girls worldwide to become innovative leaders and problem-solvers.

CHANTILLY, Va., June 18, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) and the Niagara International Transportation Technology Coalition (NITTEC) are pleased to announce the successful launch of AllRoads, NITTEC’s multi-agency, technology-enabled, integrated regional mobility management system. This smart mobility solution services the Buffalo-Niagara region in Western New York State and Southern Ontario.

CHANTILLY, Va., May 22, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company was one of 15 lead consultants selected by Los Angeles World Airports (LAWA) for a Multiple Award Task Order Contract (MATOC) to perform on-call, task order-based, professional services for LAWA’s Capital Improvement Program. The Program Services MATOC represents nearly $1 billion in contracting value over a term of five years and will serve both Los Angeles International Airport (LAX) and Van Nuys Airport (VNY).

CHANTILLY, Va., May 13, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) today celebrates Infrastructure Week, an annual event focused on raising awareness of the importance of infrastructure. As a critical element of the economy, infrastructure plays a vital role in connecting people, communities, and businesses around the world.

CHANTILLY, Va., May 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company was selected by VIA Metropolitan Transit Authority (VIA) to complete final design of the Advanced Rapid Transit (ART) program for the VIA Rapid Green Line in San Antonio, Texas. The $20 million, five-year contract represents new work for the company.

Q1 2024 Financial Highlights

CHANTILLY, Va., April 29, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company was awarded a position on an indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC) by the United States Army Environmental Command (USAEC) for remediation services at sites involving hazardous toxic waste, including perfluoroalkyl and polyfluoroalkyl substances (PFAS). The $464 million ceiling value contract consists of a five-year ordering period and is new work for the company.

CHANTILLY, Va., April 15, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the New Jersey Turnpike Authority selected the company to serve as final designer for the replacement of the Vincent Robert Casciano Bridge, known as the Newark Bay Bridge. The final design is the first final design contract of the Newark Bay-Hudson County Extension Improvements Program, a critical modernization and safety program that will rebuild the 8.1-mile NJ Turnpike Extension from Interchange 14 in Newark to Jersey Avenue in Jersey City. This replacement is the Turnpike Authority’s highest priority, given the condition of the nearly 70-year-old structure, which is at the end of its life. Parsons is leading the design effort from our Newark, NJ office.

CHANTILLY, Va., April 11, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN), an industry leading Per and Polyfluoroalkyl Substances (PFAS) investigation and remediation company, is ready to support our current and future clients in addressing PFAS and achieving the U.S. Environmental Protection Agency’s (EPA) first-ever national regulations for PFAS in drinking water. Parsons has advised clients around the world on PFAS investigation and remediation challenges for more than 15 years.

CHANTILLY, Va., April 11, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company was included on a $200 million indefinite-delivery, indefinite-quantity multiple award task order contract by the United States Army Corps of Engineers (USACE) Fort Worth District. The construction management services contract has a three-year base period of performance with two, two-year option periods and represents new work for the company.

CHANTILLY, Va., April 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) will release first quarter 2024 financial results before the markets open on Wednesday, May 1, 2024. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and strategic corporate initiatives.

CHANTILLY, Va., April 03, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company was awarded a position on an indefinite-delivery, indefinite-quantity multiple award task order contract by the National Nuclear Security Administration’s (NNSA’s) Office of Nuclear Smuggling Detection and Deterrence (NSDD). The $1 billion ceiling value contract to deploy advanced counter-nuclear smuggling systems globally includes a three-year base period of performance and two, two-year option periods and is new work for the company.

Parsons to continue over half-a-century of support to WMATA in advancing Capital Region transportation infrastructure

CHANTILLY, Va., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN), as part of the Mace-Parsons-Arcadis (MPA Delivery Partners) joint venture, announced today that the team has been selected by the Gateway Development Commission (GDC) as the delivery partner for the $16 billion Hudson Tunnel Project (HTP). Together, the firms will coordinate among all stakeholders, contractors, and consultants to ensure that the project satisfies GDC’s requirements.

CHANTILLY, Va., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company was awarded a seat on a $245 million indefinite-delivery, indefinite-quantity multiple award task order contract by the United States Army Corps of Engineers (USACE) Kansas City District. The contract for environmental remediation activities has a five-year basic ordering period and represents new work for the company. The contract will consist of projects funded by the Infrastructure Investment and Jobs Act related to the United States Environmental Protection Agency (USEPA) cleanup projects that protect public health and safety.

CHANTILLY, Va., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today the full exercise of the $100 million option to purchase additional notes granted to the initial purchasers in its private offering of 2.625% convertible senior notes due in 2029, increasing the aggregate principal amount of notes to be issued by the company to $800 million. In connection with the exercise of the option, Parsons entered into additional capped call transactions with certain of the initial purchasers, their respective affiliates, and other financial institutions. The offering was made to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 as amended. Parsons also confirmed that its Board of Directors has refreshed the Corporation’s stock repurchase authority to an amount of $100 million and removed the quarterly $25 million cap on such repurchases.

CHANTILLY, Va., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today the pricing of its private offering of $700.0 million aggregate principal amount of its 2.625% convertible senior notes due 2029 (the “notes”). In connection with the offering, Parsons entered into privately negotiated capped call transactions to offset potential dilution. Parsons also granted the initial purchasers in the offering an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $100.0 million aggregate principal amount of notes. The sale of the notes to the initial purchasers is expected to settle on or about February 26, 2024, subject to customary closing conditions, and is expected to result in approximately $683.7 million in net proceeds to Parsons, after deducting the initial purchasers’ discount and estimated offering expenses payable by Parsons (assuming no exercise of the initial purchasers’ option to purchase additional notes) but before deducting the cost of the capped call transactions referred to below.

CHANTILLY, Va., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that it intends to offer, subject to market and other conditions, $700.0 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private placement. Parsons also expects to grant the initial purchasers in the offering an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $100.0 million aggregate principal amount of notes.

CHANTILLY, Va., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company has been awarded a three-year contract for new work by Soudah Development – a real estate development company owned by the Public Investment Fund (PIF) of Saudi Arabia that is driving the development of Soudah Peaks, an upcoming year-round luxury mountain tourism destination set 3,015 meters above sea level on Saudi Arabia’s highest peak – for project management consultancy services. Parsons’ scope includes all project management and site supervision services for the development of Soudah Peaks which is home to 6 unique development zones: Tahlal, Sahab, Sabrah, Jareen, Rijal, and Red Rock.

CHANTILLY, Va., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the City of Oakland Department of Transportation selected the company to perform engineering design and cost estimates of the Embarcadero West Rail Safety and Access Improvements project. This $25 million contract includes designs for eight at-grade intersections, a multiuse trail, traffic signal plans, and represents new work for Parsons.

Record Fourth Quarter Financial Highlights

CHANTILLY, Va., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced that the company has completed a comprehensive assessment, investigation, and treatment of per- and polyfluoroalkyl substances (PFAS) for a major Fortune 100 industrial client.

CHANTILLY, Va., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company was selected by the United States Department of Labor (DOL) Job Corps Acquisition Services to assist with planning, management, and oversight of the Job Corps Facilities Program. Parsons is the sole awardee on the over $115 million ceiling value contract, which includes a base performance period of one year and four one-year option periods.

CHANTILLY, Va., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company was named on a multiple award task order contract by the United States General Services Administration (GSA) Public Building Service. The estimated $200 million Blanket Purchase Agreement (BPA) for program management and construction management (PM/CM) services is new work for the company and has a five-year ordering period.

CHANTILLY, Va., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) today announced the launch of a new holistic cyber solution – Cyberzcape Tracker – that proactively protects and neutralizes cyber threats within critical infrastructure networks. The solution is the first commercial cyber offering of its kind that combines passive monitoring with active threat neutralization within the critical infrastructure protection industry.

CHANTILLY, Va., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) will release fourth quarter and fiscal year 2023 financial results before the markets open on Wednesday, February 14, 2024. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and strategic corporate initiatives.

CHANTILLY, Va., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company was awarded a $21 million task order by the National Nuclear Security Administration (NNSA) Office of Infrastructure. The task order, awarded through the $160 million ceiling-value Enterprise Construction Management Services contract, is for design and construction management support at Los Alamos National Laboratory (LANL) and has a three-year period of performance.

CHANTILLY, Va., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) today joins the Port of Oakland, California, Advent eModal, Mobile Programming and key stakeholders to announce the launch of the Freight Intelligent Transportation System (FITS) at the Port.

CHANTILLY, Va., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today a single award classified contract for continued work in support of the U.S. Government, valued at over $250 million. This award represents a critical task that the corporation and its acquired companies have been performing for over a decade and has a base period of one year with four one-year option periods.

CHANTILLY, Va., Dec. 11, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today an award on the Camp San Luis Obispo (CSLO) Munitions Response Site (MRS) 05 by the United States Army Corps of Engineers (USACE) Los Angeles District. The company will serve as a subcontractor to the prime contractor PIKA-Insight joint venture (JV) LLC, conducting advanced geophysical classification (AGC) data collection and analysis in support of the contract. This five-year, $21 million ceiling-value contract is new work for the company.

CHANTILLY, Va., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company received the Design Build Institution of America’s (DBIA) 2023 National Design-Build Merit Award for their work on Texas Department of Transportation’s State Highway (SH) 249. Parsons, as a subcontractor to Williams Brothers Construction Company, served as lead design engineer for the $607.5M major highway expansion project, which included the design, construction, and the potential for capital maintenance of two segments.

CHANTILLY, Va., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) announced today that the company was included on a multiple award indefinite-delivery, indefinite-quantity task order contract for the Puerto Rico Power System Stabilization Project by the United States Army Corps of Engineers (USACE) Savannah District. The $5 billion ceiling value contract includes a base performance period of five years and represents new work for the company.

Parsons and Miovision delivered the first connected vehicle technology for the city

CHANTILLY, Va., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSEPSN) Chair, President, and Chief Executive Officer, Carey Smith, was recognized as “Executive of the Year” this week at the 21st Annual Greater Washington Government Contractor Awards, where she won the “Executive of the Year, Over $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.