Parsons Partners in $567 Million Award for Missile Defense Agency Test Support

CENTREVILLE, Va., July 22, 2021 (GLOBE NEWSWIRE) -- Mobius Parsons Solutions (MPS) Joint Venture, a partnership between Parsons Corporation (NYSE: PSN) and Mobius Consulting, LLC, was awarded a $567 million contract by the Missile Defense Agency (MDA) for the Technical, Engineering, Advisory, and Management Support (TEAMS)–Next Systems Test Support contract. Parsons established a mentor-protégé relationship with Mobius Consulting, LLC under the Small Business Administration All Small Mentor/Protégé program. The contract has a three-year base, with one three-year option and an additional six-month option.

“With continuously evolving threats around the world, we strive to advance MDA’s mission to defend the United States and our allies by providing overarching testing support for an integrated, layered Missile Defense System” said Mike Dewitz, executive vice president of Parsons’ missile defense and C5ISR business unit. “Our support on the TEAMS Next contract aligns with our commitment to stay ahead of threats to secure our nation and promote a safer world. Parsons is proud to continue our four-decade partnership with MDA.”

Parsons will provide test planning, execution, and analysis services to span MDA’s test enterprise, including flight testing, ground testing, cyber testing, wargames and exercises foreign test support, and overarching organizational test support. The company will support MDA test lifecycle execution and responsibilities with planning, development, implementation, sustainment, execution, analysis, and assessment of testing and test related functions.

To learn more about MPS (Mobius Parsons Solutions), a HubZone certified Woman-Owned Small Business Joint Venture and its innovative defense capabilities, please visit: http://www.mps-jv.com/

To learn more about Parsons’ leading defense capabilities, please visit: https://www.parsons.com/markets/defense/

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.

Forward-Looking Statements
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Media Contact:
Crystalyn Koch
+ 1 719.648.8420
Crystalyn.Koch@brxtn.com

Investor Relations Contact:
Dave Spille
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Dave.Spille@parsons.com