Parsons Awarded Task Order For Indo-Pacific Counter-Nuclear Smuggling System Deployment
Rhea-AI Summary
Parsons Corporation (NYSE: PSN) has secured a $13 million task order from the National Nuclear Security Administration (NNSA) for counter-nuclear smuggling systems deployment in the Indo-Pacific region. The contract includes a one-year base period with six one-year options.
This marks Parsons' fifth task order under the NNSA Office of Nuclear Smuggling Detection and Deterrence's CNSSD MATOC program. The company will provide comprehensive services across 18 countries, including project management, engineering, system design, and logistics support.
The award builds upon Parsons' previous selection as one of two contractors for the $1 billion ceiling value CNSSD MATOC in March 2024, reinforcing their role in advancing U.S. nonproliferation and nuclear security initiatives in the Indo-Pacific region.
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News Market Reaction – PSN
On the day this news was published, PSN gained 9.89%, reflecting a notable positive market reaction. Argus tracked a peak move of +5.0% during that session. Our momentum scanner triggered 77 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $799M to the company's valuation, bringing the market cap to $8.88B at that time. Trading volume was elevated at 2.6x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
CHANTILLY, Va., Sept. 17, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a
This is the fifth task order Parsons was awarded by the NNSA Office of Nuclear Smuggling Detection and Deterrence under the CNSSD MATOC, enabling them to strengthen national security by preventing trafficking of radioactive and nuclear material. Under this task order, Parsons will provide comprehensive services, including project management, engineering, system design and deployment, and logistics for counter-nuclear smuggling systems to 18 countries.
“Parsons is trusted by the federal government to deliver on large-scale programs and critical technology solutions that advance national security, both at home and abroad,” said Jon Moretta, President, Engineered Systems for Parsons. “We remain committed to furthering U.S. nonproliferation and nuclear security goals by equipping international partners with capabilities to detect, disrupt, and interdict the illicit trafficking of radioactive and nuclear materials, contributing to a safer, more secure nation.”
In March 2024, NNSA awarded Parsons one of two positions on the
To learn more about Parsons’ national security solutions, visit Parsons.com/national-security/.
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:
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 is the value of Parsons' (NYSE: PSN) new NNSA task order in 2025?
How many countries will Parsons serve under the new Indo-Pacific counter-nuclear smuggling contract?
What is the total contract ceiling value of the NNSA CNSSD MATOC awarded to Parsons?
How many task orders has Parsons received under the NNSA Nuclear Smuggling Detection program?
What services will Parsons provide under the 2025 NNSA Indo-Pacific contract?
