Parsons Unlocking Full-Spectrum Military Cyberspace Operations
Parsons Corporation (NYSE: PSN) has secured a $21 million contract to provide command, control, communications, computers, and capabilities development (C4CD) services to the U.S. Cyber Command (CYBERCOM).
Sentiment and the balance of points
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Rhea-AI Summary
Parsons Corporation (NYSE: PSN) has secured a $21 million contract to provide command, control, communications, computers, and capabilities development (C4CD) services to the U.S. Cyber Command (CYBERCOM). This one-year contract reflects Parsons' ongoing support for CYBERCOM since 2016, awarded by the General Services Administration (GSA). The technical support includes tool development, cyber security engineering, and IT solutions. The contract aims to enhance military cyberspace operations, ensuring robust defense against cyber threats.
Positive
- Awarded a $21 million contract to provide C4CD services to CYBERCOM.
- Continued collaboration with CYBERCOM since 2016, enhancing long-term business relationships.
- Technical support encompasses critical areas like cyber security engineering and IT lifecycle management.
Negative
- None.
Details
News Market Reaction – PSN
The recorded move for PSN in the trading session of this news was +2.26%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CENTREVILLE, Va., Feb. 22, 2023 (GLOBE NEWSWIRE) -- As a leading offensive and defensive cyber company for military operations, Parsons Corporation (NYSE: PSN) announced today that the company was selected to provide command, control, communications, computers, and capabilities development (C4CD) to the U.S. Cyber Command (CYBERCOM). The one-year
“Parsons has assisted in the direction, synchronization, and coordination of full-spectrum cyberspace operations to defend and advance national interests since the Command’s inception,” said Mike Kushin, Parsons’ executive vice president of High Consequence Missions. “We’re honored to continue supporting CYBERCOM’s critical mission, and further propel cyber infrastructure toward full-spectrum military cyberspace operations that defend and neutralize ongoing threats.”
Technical support provided to CYBERCOM includes tool development, systems engineering, cyber security engineering and operations, exercise support, Research, Development, Test, and Evaluation (RDT&E), Information Technology (IT) solutions, IT lifecycle management, and professional services. Parsons' cyber enterprise developers have the skills to automate access to targets - allowing operators to focus on their primary mission - and implement User Centric Design that puts them in control.
Delivering disruptive digital capabilities and products, Parsons’ High Consequence Missions sector addresses next-generation military, intelligence, and space operations for the Department of Defense and Intelligence Community. The company operates in every aspect of the multidomain battlespace and addresses emerging threats by fusing technologies across warfighting domains and incorporating information operations, intelligence, data analytics, electronic warfare, command and control, and kinetic operations.
To learn more about how Parsons is transforming the cyber battlespace, please visit https://www.parsons.com/markets/cyber/.
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber, 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.
Media Contact:
Angie Benfield
+1 803.334.5277
Angie.Benfield@parsons.com
Investor Relations Contact:
Dave Spille
+1 703.775.6191
Dave.Spille@Parsons.com
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