1. Parsons awarded over $100 million contract by Nammo for new facility. 2. Project enhances U.S. munitions production capacity and supply chain resilience. 3. Contract represents new work and includes a two-year construction timeline. 4. Parsons recognized as top program management firm, boosting industry credibility. 5. Partnership with Nammo signifies a pivotal expansion in defense capabilities.
The significant contract value and strategic importance elevate Parsons' market perception. Past projects have historically led to positive stock performance.
The awarded contract increases revenue prospects and market confidence in Parsons, positively impacting PSN's stock value.
This contract solidifies Parsons' role in defense, impacting growth for years. Similar prior contracts have shown sustained benefits for investors long-term.
– CHANTILLY, Va. – Parsons Corporation (NYSE: PSN) has been awarded a substantial task order exceeding $100 million by Nammo to lead the design and project management for a new rocket motor manufacturing facility in Perry, Florida. This initiative is pivotal in supporting the Department of War's (DOW) Acquisition Transformation Strategy, aimed at bolstering the U.S. munitions production capacity and enhancing supply chain resilience.
The awarded contract encompasses a two-year construction period, representing a significant growth opportunity for Parsons Corporation, a notable player in military construction projects. This collaboration aims to accelerate the delivery of essential capabilities to the warfighter through enhanced production facilities.
Jon Moretta, President of Engineered Systems at Parsons, stated, “Parsons is committed to fueling the arsenal of freedom and rapidly tackling the strategic challenges facing our nation. As the Department of War revitalizes the Defense Industrial Base, we are proud to leverage our technical design, engineering, and PM/CM expertise to accelerate production and strengthen supply chain resilience.”
The rocket motor manufacturing facility in Perry will serve as a center of excellence for munitions and pyrotechnic products. Nammo, an international aerospace and defense company, has partnered with Parsons to advance this construction project, marking a strategic step toward enhancing the U.S. munitions industrial base.
Parsons boasts decades of experience in managing complex military construction projects, which include ammunition plants and arsenals. By improving the manufacturing capabilities at this facility, Parsons aims to ensure that critical military components are delivered “at the speed of combat,” addressing the urgent needs of the warfighter.
In 2025, Parsons was recognized as the world's top program management firm and a leading construction management company by Engineering News-Record. This endorsement underscores Parsons’ capabilities in enhancing national security through innovative solutions in the defense sector.
Nammo, headquartered in Raufoss, Norway, is a prominent player in the aerospace and defense sector, with over 4,000 employees across 27 production sites and a presence in 12 allied countries. The company specializes in providing high-performance specialty ammunition and rocket motors.
Parsons Corporation (NYSE: PSN) is a leading provider of disruptive technology in the national security and global infrastructure markets, with extensive capabilities that span cyber and electronic warfare, space and missile defense, and critical infrastructure protection. For more information, visit Parsons.com.