Parsons Awarded $11M NAVFAC Infrastructure Program Management Contract
CENTREVILLE, Va., July 20, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by Naval Facility Engineering Systems Command Southwest (NAVFAC SW) to provide project performance assessment (PPA) and programmatic risk management (PRM) services for the Facility Engineering Command’s construction program. The $11 million contract consists of a one-year base period of performance with three one-year option periods and is new work for the company.
“Our infrastructure solutions and deep domain expertise in engineering services and program management make Parsons a trusted partner to NAVFAC,” said Jon Moretta, president, Engineered Systems, for Parsons. “This award expands our work with the Navy’s premier engineering and infrastructure experts and our role in the U.S. Indo-Pacific strategy to ensure an open, connected, secure, and resilient region. We look forward to continuing to support NAVFAC’s mission of delivering best value facilities engineering and acquisition services.”
NAVFAC SW is one of seven Facilities Engineering Commands within NAVFAC Pacific and advances the U.S. Indo-Asia-Pacific Maritime Strategy through planning, building, and maintaining sustainable facilities and delivering environmental, utilities, and other base services. Under this contract, Parsons will provide PPA and PRM to the federal government for the development and execution phases of construction projects for the NAVFAC SW construction program, which totals approximately $1.3 billion in annual work at Travis Air Force Base and Navy and Marine Corps installations throughout the southwest U.S.
This award grows Parsons’ program management/construction management portfolio and further positions the company to play a key role in the U.S. Indo-Pacific strategy by providing infrastructure expertise to the Facilities Engineering Command responsible for a six-state area on the West Coast. In 2020, NAVFAC SW awarded Parsons a contract to support Officer in Charge of Construction (OICC) China Lake, another NAVFAC Pacific Facilities Engineering Command, with earthquake recovery efforts through programmatic, technical, quality assurance, and construction management services.
To learn more about Parsons’ federal infrastructure solutions, visit Parsons.com/infrastructure-capabilities/.
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 protection. 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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Media Contact:
Jonathan Larry
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Investor Relations Contact:
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