STOCK TITAN

Parsons Eclipses $450M in OTA Awards

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

CENTREVILLE, Va., Nov. 16, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that it has eclipsed more than $200 million in other transaction awards (OTAs) from the U.S. Department of Defense in 2020, and more than $450 million since 2018. The company's OTA acceleration is aligned to its rapid growth strategy, agile research and development approach, and innovative technology investments.

"As a leading defense technology company, we're focused on quickly delivering the most advanced operational capabilities that help protect our warfighter against future threats," said Carey Smith, president and chief operating officer of Parsons. "Our company's agility and scalability, combined with an innovative R&D and acquisition approach, align perfectly with the Department of Defense's requirement to field disruptive mission-ready capabilities quickly."

Parsons is focused on leading, next-generation technology development for the nation's warfighters across the all-domain battlespace. The awards focus on hypersonic weapons; artificial intelligence and machine learning; improved fire control systems; radars; sensor systems; knowledge-as-a-service; threat simulators; directed energy; C5ISR; full-spectrum cyber; and joint all-domain command and control (JADC2).

To learn more about Parsons, please visit: www.parsons.com/

About Parsons:

Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

Media Contact:
Bryce McDevitt
+1 703.851.4425
Bryce.McDevitt@parsons.com

Investor Relations Contact:
Dave Spille
+ 1 571.655.8264
Dave.Spille@parsons.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/parsons-eclipses-450m-in-ota-awards-301173284.html

SOURCE Parsons Corporation

Parsons Corporation

NYSE:PSN

PSN Rankings

PSN Latest News

PSN Stock Data

8.09B
45.81M
0.87%
100.03%
4%
Computer Systems Design Services
Professional, Scientific, and Technical Services
Link
United States of America
CENTREVILLE

About PSN

founded in 1944, parsons is an engineering, construction, technical, and management services firm. our revenues in 2014 were $3.1 billion. we are 100% owned by our employee stock ownership trust. we conquer the toughest logistical challenges and deliver design/design-build, program/construction management, professional services, and innovative alternative delivery solutions to private industrial customers worldwide as well as to federal, regional, and local government agencies. parsons is a leader in many diversified markets with a focus on defense/security, industrial, and infrastructure. currently, more than 15,000 parsons employees are engaged in nearly 5,000 projects in 29 countries. collectively, our dedicated workers speak more than 80 languages and hold more than 11,800 college degrees and professional registrations. parsons' employees continue to go anywhere in the world, meet every technical and management challenge, and persevere until the job is done. social media house ru