Parsons Strengthens Portfolio In Vital Indo-Pacific Region With Two Milestone Awards From U.S. Army

CHANTILLY, VA., (October 17, 2023) – Parsons Corporation (NYSE: PSN) announced today that the company was awarded a contract by the United States Army Corps of Engineers (USACE) Honolulu District to provide the design-build delivery of new U.S. Army housing units in the Kwajalein Atoll in the Republic of the Marshall Islands. The three-year, $44 million single-award ceiling value contract is new work for the company.

The company also announced the selection for a task order award with a ceiling value of $27 million over five years from the U.S. Army Engineering and Support Center, Huntsville for remediation and construction support services in Guam. This is new work for the company.

“Parsons is a leader in providing the federal government with solutions to their most complex infrastructure and remediation challenges,” said Jon Moretta, president, Engineered Systems, for Parsons. “Projects of this nature in the Indo-Pacific are uniquely complex due to the logistical and environmental challenges required to operate in the region. Our team has proven to be a trusted delivery partner to USACE, and we look forward to further advancing their mission in support of the U.S. Indo-Pacific Command.”

Under the Kwajalein contract, Parsons will deliver new army housing units on-island in support of the Department of the Army’s modernization initiatives. Under the Guam task order, Parsons will assess munitions, explosives, and material for hazardous removal and provide construction management support for the Missile Defense Agency (MDA) facilities in Guam.

These awards expand the company’s existing footprint in the Indo-Pacific (INDOPAC) region. The Kwajalein army housing units advance the U.S. Indo-Pacific Command’s mission to implement a deterrence strategy at the nation’s Western Flank, and the Guam remediation and construction support services advance MDA’s need to strengthen missile defense on the critical U.S. military hub.

Since 2019, Parsons has been awarded nearly $300 million in INDOPACOM-related contracts by leveraging their program and construction management; engineering and planning; and complex infrastructure expertise. Federal clients include Naval Facility Engineering Systems Command Southwest, which is responsible for a six-state area on the West Coast; Officer in Charge of Construction China Lake, which is executing the nearly $4 billion earthquake recovery program to restore Naval Air Weapons Station China Lake and the Naval Air Weapons Center Weapons Division to fully mission capable; and USACE Honolulu District, which engineers solutions for the nation’s INDOPAC challenges that enable defense readiness.

To learn more about Parsons’ global infrastructure solutions, visit Parsons.com/infrastructure-capabilities/. To learn more about Parsons’ environmental remediation and treatment 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. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

Forward-Looking Statements:

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