11-07-2019

Parsons Awarded Task Order for Potential $11.7M Navy Cyber Contract

CENTREVILLE, Va., (Nov. 7, 2019) – Parsons Corporation (NYSE: PSN) has been awarded its first task order under a potential $710M Naval Information Warfare Center Pacific (NIWC Pacific) indefinite delivery/indefinite quantity, multiple award contract. The contract was originally announced by NIWC Pacific in May 2019.

“Parsons is honored to provide scalable, end-to-end solutions supporting NIWC Pacific’s mission to develop, deliver, and sustain information warfighting capabilities,” said Chris Bush, vice president for C5ISR for Parsons. “Our technological expertise across multiple products and solutions, and services to integrate them into unique offerings, enhances national security and creates a safer world.”

The contract covers professional technical and management support services to establish and maintain cyberspace operations and enable product lines, programs, and projects to include interoperability of systems, services, and capabilities at the tactical, operational, and strategic levels. This potential $11.7 million task order for Advanced Video Activity Analytics (AVAA) includes a one-year base award valued at $2.2 million and four potential one-year option awards.

AVAA is Parsons’ server-based capability that integrates computer vision analytics from disparate sources into a single processing pipeline, selects the best solutions from across the artificial intelligence/machine learning domain, and combines them into a single solution.

Parsons (NYSE: PSN) is a leading disruptive technology provider for the future of global defense, intelligence and critical infrastructure with capabilities across cybersecurity, missile defense, space, connected infrastructure and smart cities. Please visit parsons.com, and follow us on LinkedIn and Facebook to learn how we’re making an impact.

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