Parsons Awarded $100 Million Contract to Expand Defense Industrial Base Munitions Capacity

Parsons (NYSE: PSN) was awarded a task order exceeding $100 million by Nammo to provide design and program and construction management (PM/CM) for a new rocket motor manufacturing facility in Perry, Florida.

Rhea-AI Summary

Parsons (NYSE: PSN) was awarded a task order exceeding $100 million by Nammo to provide design and program and construction management (PM/CM) for a new rocket motor manufacturing facility in Perry, Florida.

The contract supports the Department of War’s Acquisition Transformation Strategy, comprises a two-year construction period, and represents new work for Parsons. Parsons and Nammo broke ground on the project in October, and Parsons was ranked a top program management and construction management firm by Engineering News-Record in 2025.

Positive

• Task order exceeding $100 million
• Contract covers a two-year construction period
• Supports DOW acquisition strategy to expand U.S. munitions capacity
• Groundbreaking occurred in October
• Ranked top program management firm by Engineering News-Record 2025

Negative

• None.

Argus Dec 19 session

+1.37% close to close Open Argus

Details

News Market Reaction – PSN

On Dec 19, the day this news came out, PSN closed 1.37% above the previous close.

Data tracked by StockTitan Argus for the Dec 19 session.

Key Figures

Rocket motor facility contract: Exceeding $100 million Construction period: Two years Industry ranking year: 2025

Rocket motor facility contract

Exceeding $100 million

Task order from Nammo for Perry, Florida facility

Construction period

Two years

Duration of construction for new rocket motor facility

Industry ranking year

2025

Year Parsons ranked top in program management by Engineering News-Record

Historical Context

5 past events · Latest: Dec 17

5 events

1. Dec 17

   Cyber contract update

   24h Move

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   Contract modification for Joint Cyber Hunt Kit prototype continuation.

2. Dec 10

   Defense task order win

   24h Move

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   $88M task order for Air Base Air Defense mission support.

3. Dec 08

   Space award recognition

   24h Move

   -5.2%

   TraCSS program honored with 2025 SpaceNews Icon Award.

4. Dec 05

   Highway project selection

   24h Move

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   Lead designer role on $441M I-70 Rocheport–Columbia project.

5. Dec 05

   Transit MATOC position

   24h Move

   -5.2%

   Position on Sound Transit’s $1B MATOC supporting $60B capital plan.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

rocket motor, munitions, pyrotechnic products, Defense Industrial Base

4 terms

rocket motor technical

"new rocket motor manufacturing facility in Perry, Florida"

A rocket motor is the engine that produces thrust by rapidly expelling gas or burning propellant to push a vehicle into space or change its flight path; think of it as the car’s engine for spacecraft and missiles. For investors, performance, reliability, cost and production capacity of rocket motors determine whether aerospace firms can win contracts, meet launch schedules and control expenses, directly affecting revenue, margins and risk.

munitions technical

"expanding the United States’ munitions production capacity"

Munitions are weapons and the consumable items that make them work—such as bullets, shells, bombs, rockets and explosive charges—used by armed forces or security forces. For investors, munitions matter because they are a core product in defense supply chains: demand can surge or fall with geopolitical events, government budgets and export controls, affecting company revenues, production capacity and regulatory or reputational risks much like a factory’s key product line.

pyrotechnic products technical

"Nammo’s Perry site serves as a center of excellence for munitions and pyrotechnic products"

Pyrotechnic products are devices and materials that produce heat, light, gas, smoke or a shock through controlled combustion or small detonations—think of items ranging from consumer fireworks and flares to tiny gas generators and igniters used in airbags or military flares. Investors care because these products are tightly regulated for safety, can carry high liability and insurance costs, depend on specialized supply chains, and their demand shifts with consumer leisure trends, automotive safety cycles, and defense spending.

Defense Industrial Base regulatory

"As the Department of War revitalizes the Defense Industrial Base"

A network of companies, suppliers, research centers and skilled workers that design, build, supply and maintain military equipment, technologies and services. It matters to investors because its health determines how reliably defense contracts turn into revenue, how exposed firms are to supply disruptions or policy shifts, and where long-term demand and government spending will flow — like the utility grid that keeps a city running, disruptions affect everyone served.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Effort directly supports the DOW’s acquisition strategy by expanding the U.S. munitions production

CHANTILLY, Va., Dec. 19, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a task order exceeding $100 million by Nammo to provide design and program and construction management (PM/CM) for a new rocket motor manufacturing facility in Perry, Florida. This project directly supports the Department of War’s (DOW’s) Acquisition Transformation Strategy by expanding the United States’ munitions production capacity, strengthening supply chain resilience, and accelerating delivery of critical capabilities to the warfighter. The contract comprises a two-year construction period and represents new work for the company.

“Parsons is committed to fueling the arsenal of freedom and rapidly tackling the strategic challenges facing our nation,” said Jon Moretta, president, Engineered Systems for Parsons. “As the Department of War revitalizes the Defense Industrial Base, we are proud to leverage our technical design, engineering, and PM/CM expertise to accelerate production and strengthen supply chain resilience. By delivering increased capacity at the speed of combat, we ensure the warfighter has what they need when they need it.”

Parsons was ranked as the world’s top program management and a leading construction management firm by Engineering News-Record in 2025. Earlier this year, Nammo, an international aerospace and defense company, selected Parsons to help advance construction of the rocket motor facility in Perry, Florida. Together with industry partners, the two companies broke ground on the project in October, marking a critical step toward expanding the U.S. munitions industrial base. Nammo’s Perry site serves as a center of excellence for munitions and pyrotechnic products, from which the company provides energetic systems to the DOW. Parsons brings decades of experience managing complex military construction projects, including ammunition plants, arsenals, and depots.

To learn more about Parsons’ industrial base modernization solutions, visit Parsons.com/industrial-base-modernization/.

About Nammo
Nammo is an international aerospace and defense company headquartered in Raufoss, Norway. With more than 4000 employees, 27 production sites and a presence in 12 allied countries, Nammo is one of the world’s leading providers of specialty ammunition, shoulder-fired systems and rocket motors.

About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Media Contact:
Bernadette Miller
+1 980.253.9781
bernadette.miller@parsons.com

Investor Relations Contact:
Dave Spille
+1 703.775.6191
Dave.Spille@parsons.us

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Parsons (PSN) announce on December 19, 2025?

Parsons announced a task order exceeding $100 million to provide PM/CM for a rocket motor facility in Perry, Florida.

How long is the Parsons (PSN) Perry, Florida construction contract?

The contract comprises a two-year construction period.

Who awarded Parsons (PSN) the task order for the Perry rocket motor facility?

The task order was awarded by Nammo to Parsons.

How does the Parsons (PSN) contract affect U.S. munitions production?

The effort is described as expanding U.S. munitions production capacity and strengthening supply chain resilience under the DOW acquisition strategy.

When did Parsons and Nammo break ground on the Perry facility?

Parsons and Nammo broke ground on the project in October.

What industry recognition does Parsons (PSN) cite in the announcement?

Parsons was ranked as a top program management and construction management firm by Engineering News-Record in 2025.