Parsons Positioned to Continue Advancing the Defense Threat Reduction Agency’s Efforts to Counter and Mitigate Weapons of Mass Destruction
Rhea-AI Summary
Parsons (NYSE: PSN) was selected by the Defense Threat Reduction Agency for the Cooperative Threat Reduction Integration Contract (CTRIC) IV, an IDIQ multiple award task order contract with a $3.5 billion ceiling. The contract includes a five-year base period plus a five-year option and lets Parsons compete for task orders to reduce chemical, biological, radiological, and nuclear threats worldwide. Activities include eliminating, securing, or consolidating WMD and related materials, delivery systems, and infrastructure, and helping partner nations strengthen capabilities to prevent and detect illicit trafficking of WMD-related materials and technology.
Parsons previously participated on CTRIC III and secured multiple task orders; CTRIC IV positions the company to continue supporting the Cooperative Threat Reduction Directorate and DTRA global mission.
Positive
- $3.5 billion contract ceiling
- 5-year base period plus 5-year option
- Continues Parsons' role supporting DTRA WMD reduction efforts
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus 1 Up
Peers in Information Technology Services showed mixed moves with modest gains in EPAM, G, and EXLS, and declines in KD and GDS, indicating today’s Parsons contract win appears more company-specific than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 25 | Conference participation | Neutral | +1.4% | Management scheduled for fireside chat at Goldman Sachs conference. |
| Nov 11 | Defense contract win | Positive | -0.2% | Awarded position on $15B Pacific Deterrence Initiative MACC. |
| Nov 10 | Federal IT contract | Positive | -0.1% | IDIQ to modernize U.S. Coast Guard Biometrics at Sea System. |
| Nov 05 | Quarterly earnings | Neutral | +4.2% | Q3 2025 results with lower revenue and income but higher backlog and guidance update. |
| Oct 30 | Defense contracts | Positive | +0.3% | Two Middle East defense and security contracts worth over $100M. |
Parsons’ contract awards and corporate events often coincide with modest or mixed price reactions, with some positive news followed by flat or slightly negative moves.
Over the past few months, Parsons has combined federal contract wins with solid backlog and active capital markets disclosure. Q3 2025 results showed revenue of $1.6B and backlog of $8.8B, alongside updated FY2025 revenue guidance of $6.4B–$6.5B. The company secured a position on the $15B Pacific Deterrence Initiative MACC and two Middle East defense and security contracts worth over $100M, plus a U.S. Coast Guard biometrics modernization IDIQ. Today’s DTRA CTRIC IV award continues this pattern of large, security-focused contract vehicles.
Market Pulse Summary
This announcement highlights Parsons’ continued role in U.S. and global security through its selection on DTRA’s CTRIC IV contract, an IDIQ MATOC vehicle with a $3.5 billion ceiling and a five-year base plus five-year option period. Combined with recent large defense and infrastructure awards and growing backlog, it reinforces the company’s positioning in threat reduction and national security. Investors may track future task orders, funding levels, and how these vehicles translate into revenue and margin trends.
AI-generated analysis. Not financial advice.
CHANTILLY, Va., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the Defense Threat Reduction Agency (DTRA) as an awardee for the Cooperative Threat Reduction Integration Contract (CTRIC) IV, a recompete contract that underscores Parsons’ continued leadership in global threat reduction and security. The indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC) has a ceiling value of
Under this contract, Parsons will compete for task orders supporting critical activities to reduce threats from weapons of mass destruction (WMD), including chemical, biological, radiological, and nuclear. These efforts consist of eliminating, securing, or consolidating WMD and related materials, delivery systems, and infrastructure; and assisting partner nations in strengthening operational capabilities to prevent, deter, and detect illicit trafficking of WMD-related materials and technology.
“Parsons is a trusted DTRA partner and continues to advance the agency’s efforts to counter and mitigate threats to U.S. and global security through our skilled professionals and proven technical capabilities,” said Jon Moretta, President, Engineered Systems for Parsons. “As we have for decades, we remain committed to leveraging our extensive national security solutions experience to support initiatives that prevent, reduce, and counter WMD and emerging threats anywhere in the world.”
In June 2018, Parsons was named on the DTRA CTRIC III IDIQ MATOC, securing multiple task orders under that vehicle. The CTRIC IV contract further positions Parsons to continue its vital work with DTRA, supporting the Cooperative Threat Reduction Directorate in partnering with global agencies to address and mitigate existing and emerging WMD-related threats to the U.S. and its allies.
To learn more about Parsons’ global security and mission solutions, visit parsons.com/security-and-mission-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 is the value of the DTRA CTRIC IV contract awarded to Parsons (PSN)?
How long is the CTRIC IV contract term for Parsons (PSN)?
What work will Parsons (PSN) compete for under the CTRIC IV contract?
How does CTRIC IV relate to Parsons' prior work with DTRA (PSN)?
Does the CTRIC IV contract allow Parsons (PSN) to work globally on WMD threats?
