Parsons Awarded Seat On $10 Billion Ceiling Value U.S. Navy Integration and Logistics Support Contract

Rhea-AI Summary

Parsons (NYSE: PSN) was awarded a seat on the Worldwide Expeditionary Multiple Award Contract (WEXMAC) TITUS 2.1 by U.S. Naval Supply Systems Command, a $10 billion ceiling Indefinite Delivery Indefinite Quantity (IDIQ) contract. The contract includes a five-year base period plus a five-year option period and covers integration and logistics support for theater opening, sustainment, distribution, stability operations, and civil support, including Defense Support of Civil Authorities. Parsons will compete for task orders to support U.S. Navy operational requirements worldwide.

Positive

• Contract ceiling of $10 billion
• Contract term: five-year base + five-year option
• Eligible to compete for task orders across multiple logistics functions

Negative

• Task orders are competitive and not guaranteed
• Ceiling value does not represent awarded revenue

Insights

Defense Contracts Analyst

Parsons secured a slot on a $10 billion U.S. Navy IDIQ, enabling competition for logistics task orders across a possible ten‑year span.

Parsons gained a position on the Worldwide Expeditionary Multiple Award Contract (WEXMAC) TITUS 2.1, a five‑year base with a five‑year option, which permits the company to bid on task orders for theater opening, sustainment, distribution, stability operations and civil support. Holding a seat means access to a pipeline of potential work tied to operational logistics and disaster response requirements; revenues will arise only if Parsons wins specific task orders under the IDIQ.

Key dependencies include the number and size of task orders Parsons actually wins, the timing of awards during the base period and any exercise of the five‑year option by the Navy. Risks include strong competition for those task orders and the absence of guaranteed minimums stated in the announcement. Monitor awarded task orders and any disclosed subcontract or prime role within the next five years and the Navy’s decision around the option period for a clear view of material revenue impact.

CHANTILLY, Va., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a seat on the Worldwide Expeditionary Multiple Award Contract (WEXMAC), Territorial Integrity of the U.S. (TITUS) 2.1 by the U.S. Naval Supply Systems Command. This $10 billion ceiling value Indefinite Delivery Indefinite Quantity (IDIQ) contract provides critical supplies and services to support U.S. military and coalition partner operations, humanitarian assistance, and disaster relief and consists of a five-year base period and one five-year option period.

Under this contract, Parsons will compete for task orders to support key U.S. Navy operational requirements such as theater opening, sustainment, distribution, stability operations, and civil support, including Defense Support of Civil Authorities.

“This integration and logistics support contract reflects Parsons’ dedication to supporting the U.S. military and its coalition partners in achieving mission success, whether through humanitarian assistance, disaster relief, or operations in complex, dynamic environments,” said Jon Moretta, President, Engineered Systems for Parsons. “We stand ready to leverage our expertise in logistics and operational support to advance the U.S. Naval Supply Systems Command’s mission to generate readiness and sustain naval forces worldwide.”

Parsons delivers comprehensive logistics solutions that are tailored to maximize readiness while minimizing costs through the entire lifecycle of a program. The company leverages proven methodologies, processes, and tools to deliver customized integrated logistics support plans aligned with client program objectives, from conception through sustainment.

To learn more about Parsons’ global integrated logistics solutions, visit parsons.com/integrated-logistics-solutions/.

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

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

FAQ

What did Parsons (PSN) win on October 24, 2025?

Parsons won a seat on the WEXMAC TITUS 2.1 IDIQ with a $10 billion ceiling.

What is the duration of the Parsons WEXMAC TITUS 2.1 contract for PSN?

The IDIQ includes a five-year base period plus a five-year option period.

What types of work can Parsons (PSN) perform under the WEXMAC TITUS 2.1 contract?

Parsons can compete for task orders for theater opening, sustainment, distribution, stability operations, and civil support.

Does the $10 billion ceiling mean Parsons (PSN) will receive $10 billion in revenue?

No; the $10 billion is a contract ceiling and actual revenue requires winning specific task orders.

How does the WEXMAC TITUS 2.1 award affect Parsons' (PSN) opportunities?

The award gives Parsons access to compete for Navy logistics task orders worldwide, broadening potential opportunities.

Which U.S. command issued the Parsons (PSN) WEXMAC TITUS 2.1 award?

The award was issued by the U.S. Naval Supply Systems Command.