Parsons-Versar Joint Venture Awarded $75 Million U.S. Army Corps of Engineers Construction Management Contract
Parsons Corporation (NYSE: PSN) and its joint venture partner Versar have secured a $75 million contract from the U.S. Army Corps of Engineers (USACE) Middle East District for construction phase support services. The contract includes a three-year base period with a two-year option extension.
As the managing partner of the JV, Parsons will continue providing construction management services supporting USACE's presence in the Central Command Area, serving both Foreign Military Sales and Military Construction Programs. The Parsons-Versar JV has already completed over 60 task orders for USACE Middle East District over the past 12 years, marking this as their third CPSS contract iteration.
Parsons Corporation (NYSE: PSN) e il suo partner in joint venture Versar hanno ottenuto un contratto da 75 milioni di dollari dal Corpo degli Ingegneri dell'Esercito degli Stati Uniti (USACE) del Distretto del Medio Oriente per servizi di supporto nella fase di costruzione. Il contratto prevede un periodo base di tre anni con un'opzione di estensione di due anni.
In qualità di partner principale della joint venture, Parsons continuerà a fornire servizi di gestione della costruzione a supporto della presenza di USACE nell'Area del Comando Centrale, servendo sia i programmi di Vendite Militari Estere che quelli di Costruzione Militare. La joint venture Parsons-Versar ha già completato oltre 60 ordini di lavoro per il Distretto Medio Oriente di USACE negli ultimi 12 anni, segnando questa come la loro terza iterazione del contratto CPSS.
Parsons Corporation (NYSE: PSN) y su socio en la empresa conjunta Versar han asegurado un contrato de 75 millones de dólares con el Cuerpo de Ingenieros del Ejército de EE.UU. (USACE) del Distrito de Medio Oriente para servicios de apoyo en la fase de construcción. El contrato incluye un período base de tres años con una opción de extensión de dos años.
Como socio gestor de la empresa conjunta, Parsons continuará proporcionando servicios de gestión de construcción que apoyan la presencia de USACE en el Área del Comando Central, atendiendo tanto a las Ventas Militares Extranjeras como a los Programas de Construcción Militar. La empresa conjunta Parsons-Versar ya ha completado más de 60 órdenes de trabajo para el Distrito de Medio Oriente de USACE en los últimos 12 años, marcando esta como su tercera iteración del contrato CPSS.
Parsons Corporation (NYSE: PSN)와 공동 벤처 파트너 Versar는 미 육군 공병대(USACE) 중동 지구로부터 7,500만 달러 규모의 계약을 확보했습니다. 이 계약은 3년 기본 기간과 2년 연장 옵션을 포함합니다.
JV의 관리 파트너로서 Parsons는 중앙 사령부 지역에서 USACE의 활동을 지원하는 건설 관리 서비스를 계속 제공할 예정이며, 외국 군사 판매 및 군사 건설 프로그램을 모두 지원합니다. Parsons-Versar JV는 지난 12년 동안 USACE 중동 지구를 위해 60건 이상의 작업 지시서를 완료했으며, 이번이 세 번째 CPSS 계약입니다.
Parsons Corporation (NYSE : PSN) et son partenaire en coentreprise Versar ont obtenu un contrat de 75 millions de dollars du district du Moyen-Orient du Corps des ingénieurs de l'armée américaine (USACE) pour des services de soutien à la phase de construction. Le contrat comprend une période de base de trois ans avec une option de prolongation de deux ans.
En tant que partenaire principal de la coentreprise, Parsons continuera à fournir des services de gestion de la construction soutenant la présence de l'USACE dans la zone du Commandement central, desservant à la fois les programmes de ventes militaires étrangères et de construction militaire. La coentreprise Parsons-Versar a déjà achevé plus de 60 ordres de mission pour le district du Moyen-Orient de l'USACE au cours des 12 dernières années, marquant ainsi cette troisième itération du contrat CPSS.
Parsons Corporation (NYSE: PSN) und ihr Joint-Venture-Partner Versar haben einen 75-Millionen-Dollar-Vertrag mit dem U.S. Army Corps of Engineers (USACE) Middle East District für Unterstützungsleistungen in der Bauphase gesichert. Der Vertrag umfasst eine drei Jahre Laufzeit mit der Option auf eine zweijährige Verlängerung.
Als geschäftsführender Partner des Joint Ventures wird Parsons weiterhin Bauleitungsdienste zur Unterstützung der USACE-Präsenz im Central Command Area erbringen, wobei sowohl Programme für ausländische Militärverkäufe als auch Militärbauprogramme bedient werden. Das Parsons-Versar Joint Venture hat in den letzten 12 Jahren bereits über 60 Arbeitsaufträge für den USACE Middle East District abgeschlossen, was dies zur dritten CPSS-Vertragsiteration macht.
- Secured significant $75 million contract with USACE
- Potential 5-year duration including option period
- Continuation of 12-year successful partnership with over 60 completed task orders
- Strong position as top 3 professional services firm by Engineering News-Record
- None.
Insights
Parsons secures $75M government contract, maintaining a 12-year partnership that strengthens its defense sector position.
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The contract structure offers favorable stability with a three-year base period and a two-year option, providing medium-term revenue visibility. Parsons' position as the managing partner in this joint venture signals their dominant role and likely higher revenue share.
This win reinforces Parsons' entrenched position with the U.S. Army Corps of Engineers, an essential relationship for government contractors. The continued work supporting Foreign Military Sales and Military Construction Programs demonstrates Parsons' capacity to execute in complex international environments – a capability that creates significant barriers to entry for competitors.
The geographic focus on the CENTCOM Area of Responsibility (Middle East region) maintains Parsons' footprint in a strategically important region where U.S. defense spending remains resilient despite broader budget fluctuations. Parsons' top-three ranking among professional services firms by Engineering News-Record further validates their industry leadership in this sector.
CHANTILLY, Va., July 24, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company’s joint venture (JV) with Versar was awarded a
Under this contract, Parsons-Versar will continue providing construction management services that advance a sustained USACE presence in the Central Command Area of Responsibility and provide support to both Foreign Military Sales and Military Construction Programs.
“Parsons has been a trusted U.S. Army Corps of Engineers partner for decades, delivering innovative infrastructure solutions for the federal government,” said Jon Moretta, President, Engineered Systems for Parsons. “As we have for the past 12 years, we will continue to leverage the JV’s combined experiences and capabilities to advance the Middle East District’s mission to provide construction management to partners across the CENTCOM Area of Responsibility, advancing our nation’s security.”
Parsons-Versar has provided CPSS to the USACE Middle East District on more than 60 task orders over the past 12 years. This award is the third CPSS contract iteration. Parsons has extensive experience working in complex and austere environments and is a globally recognized construction management leader. The company ranks among the top three professional services firms by Engineering News-Record and provides clients with support through the entire life cycle of a project, including master planning, design, construction management, and asset management.
To learn more about Parsons’ global infrastructure solutions, visit Parsons.com/federal-infrastructure/.
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.
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Media Contact:
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