Parsons Wins Seat On Defense Threat Reduction Agency (DTRA) Contract With $850M Ceiling
CENTREVILLE, Va. (July 27, 2022) – Parsons Corporation (NYSE: PSN) announced today that the company was selected by the Defense Threat Reduction Agency (DTRA) as one of five awardees to execute an assessments, exercises, modeling and simulation support indefinite delivery/indefinite quantity (IDIQ), multiple award task order contract. The $850 million ceiling value contract contains a five-year base period with one five-year option period.
The company will support training, exercise planning, mission rehearsal, threat assessment and countermeasures, modeling, and simulation of equipment and exercises to counter threats and vulnerabilities and to bolster national and international security within the DTRA Nuclear Enterprise Directorate.
“Parsons’ multi-domain security solutions empower our customers to counter and mitigate existing and emerging vulnerabilities and threats around the world,” said Jon Moretta, President, Engineered Systems Business Unit for Parsons. “With expertise that compliments the current DTRA strategy, our team is capable of delivering measurable results through an industry-leading project management portfolio and solutions-driven approach that provides end-to-end defense modernization through assessments, gap analysis, and innovative technologies that transform the battlespace.”
For more than 20 years, Parsons has supported DTRA’s Cooperative Threat Reduction and Nuclear Enterprise Directorates through program areas addressing chemical weapons and strategic offensive arms, nuclear security, and non-proliferation of weapons of mass destruction, including projects in Europe, the Middle East, Africa, and Asia. Additionally, Parsons supports mission assurance balanced survivability assessments, leading edge electromagnetic spectrum communications, and cyber threat solutions.
DTRA enables the Department of Defense, the U.S. government, and international partners to counter and deter global threats. The agency’s work leverages a combination of contractor and government expertise and material solutions to achieve objectives domestically and internationally. Parsons will bring its broad suite of innovative solutions and depth of expertise and experience across the federal sector to bear to deliver on this important customer mission set.
To learn more about Parsons’ federal infrastructure solutions, visit parsons.com/markets/federal-infrastructure/.
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, C5ISR, transportation, environmental remediation, and water/wastewater treatment. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.
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