Parsons Secures Major Contract for Environmental Services
Major Award for Environmental Services by Parsons
Parsons Corporation (NYSE: PSN) is thrilled to announce its recent achievement in securing a seat on a substantial $1.5 billion contract granted by the Air Force Civil Engineering Center (AFCEC). This indefinite-delivery, indefinite-quantity multiple award task order contract is designed to provide vital architect-engineer services aimed directly at addressing pressing environmental challenges, such as the management of per- and polyfluoroalkyl substances (PFAS).
Contract Details and Scope of Services
This groundbreaking contract comprises a five-year base period along with five optional one-year extensions, which may be further extended by an additional six months. Parsons will have the opportunity to vie for task orders based on qualifications to tackle a wide array of environmental concerns. These issues include restoration and compliance, planning and programming for conservation, emerging contaminants, and additional critical support areas across U.S. Air Force installations globally.
Commitment to Environmental Solutions
Jon Moretta, President of Engineered Systems for Parsons, shared insights into the company's unwavering dedication to enhancing environmental standards for the federal government, stating, "Parsons remains committed to providing the federal government with state-of-the-art, cost-effective solutions for a cleaner, safer environment." He further mentioned that they will utilize their extensive experience, innovative technologies, and capabilities to address challenges such as PFAS and provide comprehensive installation engineering services.
Expertise in PFAS Management
Parsons boasts over 50 years of expertise in environmental engineering, particularly in supporting the Department of Defense with PFAS investigation and remediation efforts. Notably, the firm recently collaborated with the National Guard Bureau to oversee the operation and maintenance of a PFAS groundwater treatment system located at Burlington Air National Guard Base. This strategic operational responsibility underscores Parsons' significant role in environmental remediation.
Recent Advancements Enhancing Capabilities
To bolster its innovative approach, Parsons recently acquired TRS Group, Inc., a prominent environmental remediation technology provider, in February. This acquisition enhances Parsons' industry-leading solutions and demonstrates their commitment to improving service offerings in environmental management, particularly regarding PFAS.
Looking Ahead: Parsons' Vision
As Parsons continues to refine its services, its strategic alignment with federal entities, including the Defense Logistics Agency and NASA, emphasizes its long-term vision for creating sustainable and safe environmental practices. The ability to address complex challenges with tailored solutions further positions Parsons as a leader in the environmental service sector.
Frequently Asked Questions
What contract did Parsons Corporation recently secure?
Parsons Corporation has secured a $1.5 billion contract with the Air Force Civil Engineering Center to provide environmental services focused on addressing PFAS.
What are the main areas of focus for this contract?
The contract emphasizes environmental restoration, compliance, conservation, and the management of emerging contaminants, such as PFAS.
How long is the duration of the contract awarded to Parsons?
The contract has a five-year base period, with the possibility of five one-year extensions and an additional six-month extension option.
What recent acquisition has Parsons made to enhance its services?
Parsons recently acquired TRS Group, Inc., which significantly enhances their environmental remediation capabilities.
How does Parsons demonstrate its commitment to environmental issues?
Parsons demonstrates its commitment by constantly providing innovative solutions and engaging in high-stakes projects related to environmental remediation, especially concerning PFAS management.
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