Parsons Wins Seat on $245M U.S. Army Corps of Engineers Contract for Environmental Remediation
26 Février 2024 - 12:25PM
Parsons Corporation (NYSE: PSN) announced today that the company
was awarded a seat on a $245 million indefinite-delivery,
indefinite-quantity multiple award task order contract by the
United States Army Corps of Engineers (USACE) Kansas City District.
The contract for environmental remediation activities has a
five-year basic ordering period and represents new work for the
company. The contract will consist of projects funded by the
Infrastructure Investment and Jobs Act related to the United States
Environmental Protection Agency (USEPA) cleanup projects that
protect public health and safety.
Under this contract, Parsons will compete for task
orders to advance work assigned to USACE Northwestern Division and
USEPA Region 2 for hazardous, toxic, and radioactive waste (HTRW)
remediation projects for both civilian and military agencies of the
federal government.
“Parsons delivers the full spectrum of
environmental solutions using the latest technologies to deliver a
cleaner, safer planet for our customers and future generations,”
said Jon Moretta, president, Engineered Systems for Parsons. “With
our proven expertise and broad range of capabilities, we stand
ready to support USACE and USEPA remediation actions to safeguard
public health and protect the environment in minority, low-income,
tribal, and other vulnerable and marginalized communities.”
Parsons has partnered with USACE for decades,
leveraging the company’s expertise and providing technology-driven
solutions to meet environmental remediation, critical
infrastructure protection, complex infrastructure, engineering and
planning, and program and construction management needs. The
company is a leader in environmental remediation efforts with
capabilities to meet challenges for air, land, and water.
To learn more about Parsons’ environmental
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 protection. Please visit parsons.com
and follow us on LinkedIn and Facebook to learn how we're making an
impact.
Forward-Looking Statements:This
document contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are based on our current expectations, beliefs and
assumptions, and are not guarantees of future performance.
Forward-looking statements are inherently subject to uncertainties,
risks, changes in circumstances, trends and factors that are
difficult to predict, many of which are outside of our control.
Accordingly, actual performance, results and events may vary
materially from those indicated in the forward-looking statements,
and you should not rely on the forward-looking statements as
predictions of future performance, results or events. Numerous
factors could cause actual future performance, results and events
to differ materially from those indicated in the forward-looking
statements, including, among others: any issue that compromises our
relationships with the U.S. federal government or its agencies or
other state, local or foreign governments or agencies; any issues
that damage our professional reputation; changes in governmental
priorities that shift expenditures away from agencies or programs
that we support; our dependence on long-term government contracts,
which are subject to the government’s budgetary approval process;
the size of our addressable markets and the amount of government
spending on private contractors; failure by us or our employees to
obtain and maintain necessary security clearances or
certifications; failure to comply with numerous laws and
regulations; changes in government procurement, contract or other
practices or the adoption by governments of new laws, rules,
regulations and programs in a manner adverse to us; the termination
or nonrenewal of our government contracts, particularly our
contracts with the U.S. federal government; our ability to compete
effectively in the competitive bidding process and delays, contract
terminations or cancellations caused by competitors’ protests of
major contract awards received by us; our ability to generate
revenue under certain of our contracts; any inability to attract,
train or retain employees with the requisite skills, experience and
security clearances; the loss of members of senior management or
failure to develop new leaders; misconduct or other improper
activities from our employees or subcontractors; our ability to
realize the full value of our backlog and the timing of our receipt
of revenue under contracts included in backlog; changes in the mix
of our contracts and our ability to accurately estimate or
otherwise recover expenses, time and resources for our contracts;
changes in estimates used in recognizing revenue; internal system
or service failures and security breaches; and inherent
uncertainties and potential adverse developments in legal
proceedings, including litigation, audits, reviews and
investigations, which may result in materially adverse judgments,
settlements or other unfavorable outcomes. These factors are not
exhaustive and additional factors could adversely affect our
business and financial performance. For a discussion of additional
factors that could materially adversely affect our business and
financial performance, see the factors included under the caption
“Risk Factors” in our Registration Statement on Form S-1 and our
other filings with the Securities and Exchange Commission. All
forward-looking statements are based on currently available
information and speak only as of the date on which they are made.
We assume no obligation to update any forward-looking statement
made in this presentation that becomes untrue because of subsequent
events, new information or otherwise, except to the extent we are
required to do so in connection with our ongoing requirements under
federal securities laws.
Media Contact:Jonathan Larry+1
706.832.7330jonathan.larry@parsons.com
Investor Relations Contact:Dave Spille+1
703.775.6191Dave.Spille@parsons.com
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