Parsons Secures $392 Million Federal Contract, Enhancing Biometrics Capabilities
CHANTILLY, Va., January 5, 2026 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE: PSN) has announced that it has been awarded a significant ten-year, $392 million single-award federal contract. This new contract showcases the company’s robust capabilities in biometrics and network engineering, aimed at supporting critical federal, defense, and law enforcement missions.
Details of the Contract Award
The newly awarded contract represents a pivotal expansion of Parsons' existing service offerings. The company is recognized for its advanced biometrics and identity management solutions, which integrate both hardware and software expertise. With over 3,500 mobile biometrics solutions deployed, Parsons is positioned to provide state-of-the-art tools necessary for real-time data collection and analysis.
Significance of Biometrics in Federal Operations
Biometrics technology is increasingly vital in modern security applications. Parsons' solutions enable faster identity verification and enhance threat detection, allowing for more effective responses during critical missions. As the demand for robust security measures continues to grow, Parsons (NYSE: PSN) is poised to enhance its market position through this new contract.
- Advanced biometric capabilities to support federal missions.
- Real-time data collection and analysis tools.
- Over 3,500 mobile biometric deployments.
About Parsons Corporation
Parsons Corporation (NYSE: PSN) is a leading provider of disruptive technologies in the national security and global infrastructure sectors. The company's diverse capabilities span cyber warfare, electronic warfare, space and missile defense, as well as urban development and environmental projects. For more information on Parsons’ services and impact, visit parsons.com and follow Parsons on LinkedIn.
Forward-Looking Statements
The information contained in this release includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements reflect Parsons' current expectations and are subject to potential risks and uncertainties. Factors affecting future performance may include:
- Changes in U.S. government policies regarding federal contracts.
- Market dynamics affecting government spending on private contractors.
- Challenges in maintaining necessary security clearances.
- Competitive dynamics in the bidding process for government contracts.
Forward-looking statements are inherently uncertain, and actual results may differ materially from projected outcomes. Stakeholders should carefully review the risk factors outlined in Parsons' Registration Statement and other filings with the Securities and Exchange Commission.
Contact Information
For media inquiries, please contact:
Bernadette Miller
Phone: +1 980.253.9781
Email: bernadette.miller@parsons.com
For investor relations, please contact:
Dave Spille
Phone: +1 703.775.6191
Email: Dave.Spille@parsons.us