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Parsons Supports U.S. Indo-Pacific Defense With $68.5 Million U.S. Army Infrastructure Contract
ParsonsParsons(US:PSN) GlobeNewswire News Roomยท2024-09-09 10:25

Core Insights - Parsons Corporation has been awarded a $68.5 million contract by the U.S. Army Corps of Engineers (USACE) for the design-bid-build delivery of new housing units in the Kwajalein Atoll, marking a significant expansion of its work in this region [1][3] - The company has also been selected for the USACE Honolulu District's PreQualified Source Listing, allowing it to receive future large task orders valued at $50 million or more [2] - Since 2019, Parsons has secured over $400 million in contracts related to the Indo-Pacific Command (INDOPACOM), showcasing its expertise in program and construction management, engineering, and complex infrastructure [3] Contract Details - The new contract spans three years and is focused on delivering army housing units on-island, representing the second such contract awarded to Parsons within a year [3] - In October 2023, Parsons was awarded a $44 million contract for similar housing units, indicating a growing demand for its services in military infrastructure [3] Strategic Positioning - Parsons is recognized as a trusted partner to the USACE, contributing to infrastructure projects that support U.S. Indo-Pacific Command initiatives [3] - The company emphasizes its capability to navigate the logistical challenges of the Kwajalein Atoll, which is characterized by a highly corrosive and humid environment [3]