Parsons Included on $200M U.S. Army Corps of Engineers Construction Management Contract
11 Avril 2024 - 12:25PM
Parsons Corporation (NYSE: PSN) announced today that the company
was included on a $200 million indefinite-delivery,
indefinite-quantity multiple award task order contract by the
United States Army Corps of Engineers (USACE) Fort Worth District.
The construction management services contract has a three-year base
period of performance with two, two-year option periods and
represents new work for the company.
Under this contract, Parsons will compete for task orders to
provide supervision, personnel, and administrative and logistics
support for USACE Southwestern Division Construction Phase Services
on large military construction programs.
“Parsons is a trusted and recognized program and construction
management leader with decades of experience delivering
transformational infrastructure solutions to the federal
government,” said Jon Moretta, president, Engineered Systems for
Parsons. “We look forward to continuing our support of USACE as
they oversee military design and construction projects that
strengthen our nation’s security, energize the economy, and reduce
risks from disasters.”
For 80 years, Parsons has guided federal government agencies
through planning, design, construction, and post-construction
challenges on complex, multi-site, multi-phase programs. This
contract expands Parsons’ support of USACE Fort Worth District. The
company was previously the architecture-engineering integrator for
the District’s $3.2 billion San Antonio Base Realignment and
Closure contract, consisting of infrastructure planning, design,
and construction management.
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: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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