- Parsons Corporation receives a $160 million contract from the Intelligence Community.
- The contract focuses on the development of hardware and software solutions for intelligence applications.
September 25, 2023, CHANTILLY, Va. – Parsons Corporation (NYSE: PSN) has officially announced its recent acquisition of a competitively-bid, single-award contract valued at $160 million. This significant contract, awarded by the Intelligence Community, is centered around the creation of hardware and software solutions tailored to facilitate intelligence applications.
The terms of the classified contract encompass a one-year base period, with the potential for extension through six additional one-year option periods.
Mike Kushin, the president of Parsons’ Defense and Intelligence sector, commented on the achievement, stating, “Parsons’ technical solutions expertise helps empower the Intelligence Community to continue defending and advancing national security interests around the world. Our incredible people are transforming the battlespace every day and ensuring the success of our customer’s missions.”
With a comprehensive presence in every facet of the all-domain battlespace, Parsons is at the forefront of addressing the challenges posed by emerging threats. The company seamlessly integrates technologies across the interconnected warfighting domains, which include land, air, sea, space, and cyberspace. Their holistic approach incorporates elements of information operations, intelligence, data analytics, electronic warfare, multi-echelon command and control, and kinetic operations.
