Parsons Secures $68.5 Million Army Contract to Boost Defense
Parsons Corporation Awarded Major U.S. Army Contract
Parsons Corporation (NYSE: PSN) is proud to announce its selection for a significant contract awarded by the United States Army Corps of Engineers (USACE) Honolulu District. This contract involves the design-bid-build delivery of new housing units for the U.S. Army situated in the Kwajalein Atoll. Worth $68.5 million and spanning a three-year period, this contract marks a substantial new venture for the company.
Significance of the Honolulu District's Selection
The USACE Honolulu District's recognition of Parsons as a successful offeror on their Pre-Qualified Source Listing (PQSL) signals a promising opportunity for future large-scale projects. Eligible for substantial task orders valued at $50 million or more, Parsons solidifies its standing as a go-to partner for executing essential infrastructure in the region.
Expertise in Complex Environments
Jon Moretta, President of Engineered Systems at Parsons, expressed confidence in the company’s partnership with the U.S. Army Corps of Engineers, stating, “This award expands our work in a uniquely complex environment. We are well aware of the logistical challenges involved in servicing remote locations, particularly in an area characterized by a highly corrosive and humid environment.”
Prior Accomplishments and Ongoing Initiatives
Notably, Parsons has not only been awarded this contract but was also involved in a previous contract less than a year ago, valued at $44 million, which also focused on the development of housing units in support of the Department of the Army’s modernization efforts. Since 2019, Parsons has secured contracts exceeding $400 million related to the Indo-Pacific Command initiatives, demonstrating its ability to leverage its extensive capabilities in engineering, planning, and complex infrastructure management.
Driving Solutions in National Security
Through strategic partnerships across the Indo-Pacific region, Parsons continues to provide integrated solutions that bolster national security and enhance critical infrastructure. This contract reiterates the company’s commitment to meeting the needs of the U.S. Army and other governmental entities, reinforcing its role as a leader in infrastructure solutions.
Exploring Parsons’ Global Impact
As a leading provider of disruptive technology in the national security and global infrastructure sectors, Parsons specializes in various capabilities, including cyber defense, intelligence, space and missile defense, environmental improvements, and urban development. The combination of these capabilities positions Parsons uniquely in the market.
Engagement and Communication
To understand more about the global infrastructure solutions offered by Parsons, interested parties can easily learn about the company’s initiatives and projects through their official website and social media platforms. The company remains committed to transparency and ongoing communication about its projects and community impacts.
Frequently Asked Questions
What is the value of the contract awarded to Parsons?
The contract awarded to Parsons by the United States Army Corps of Engineers is valued at $68.5 million.
Where will the new housing units be located?
The new U.S. Army housing units will be located in the Kwajalein Atoll.
How long is the contract expected to last?
The contract is expected to last three years.
What prior work has Parsons completed for the U.S. Army?
Parsons has previously been awarded a $44 million contract for similar housing initiatives in support of the Department of the Army's modernization efforts.
How does Parsons contribute to national security?
Parsons provides integrated solutions that enhance both national security and critical infrastructure across various sectors, focusing on defense and environmental remediation among others.
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