Core Points - Parsons Corporation announced a $75 million contract awarded by the United States Army Corps of Engineers for construction phase support services [1] - The contract includes a three-year base period and a two-year option period [1] - Parsons serves as the managing partner in the joint venture with Versar [1] Contract Details - The contract will support the USACE's presence in the Central Command Area of Responsibility and assist with Foreign Military Sales and Military Construction Programs [2] - This award marks the third iteration of construction phase support services contracts provided by Parsons-Versar to the USACE Middle East District [3] - Over the past 12 years, Parsons-Versar has completed more than 60 task orders for the USACE Middle East District [3] Company Background - Parsons is recognized as a leader in construction management and has extensive experience in complex environments [3] - The company ranks among the top three professional services firms according to Engineering News-Record [3] - Parsons offers a full project lifecycle support including master planning, design, construction management, and asset management [3]

Core Insights - Parsons Corporation has been ranked 1 on Engineering News-Record's (ENR) annual list of Top 50 Program Management Firms, improving its position from the previous year [1] - The company emphasizes its commitment to innovation, collaboration, and accountability in delivering complex projects, with a total constructed value of over $1 trillion across various sectors [2][4] - In addition to the top program management ranking, Parsons achieved high rankings in several other categories, including number two on the Top 100 Professional Services Firms list and number three on the Top 50 Construction Management Firms list [3] Company Overview - Parsons provides a comprehensive range of program and construction management solutions across multiple industries, including aviation, rail, transit, and water management [4] - The company has over 80 years of experience in designing and delivering global infrastructure projects that connect and protect communities [4] - Parsons is recognized as a leading provider of disruptive technology in national security and global infrastructure markets, with capabilities in cyber and intelligence, space defense, and critical infrastructure protection [6] Notable Projects - The Delta Conveyance Project saw Parsons save 18 months on the master program schedule through innovative strategies [6] - The FAA Technical Support Service Contract involved safe and timely project delivery at over 500 airports in the U.S. [6] - For the National Nuclear Security Administration, Parsons reduced the analysis of alternatives process from over a year to three months [6] - In the King Abdullah Financial District project, Parsons successfully restored and handed over 96 percent of the structures to date [6]