CHANTILLY, Va., May 12, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today tha...


CHANTILLY, Va., May  12, 2026  (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the United States Air Force (USAF) and its 75th Civil Engineer Group at Hill Air Force Base for a multiple award task order contract (MATOC) to provide architect-engineer services across the installation. The $136 million ceiling value contract consists of an 8.5-year performance period and represents new work for the company.  Under the contract, Parsons will compete for task orders to deliver architect-engineer services supporting a range of infrastructure needs at Hill AFB. The scope of work includes the design, alteration, and repair of airfields, grounds, roads, buildings, structures, and utilities, as well as feasibility and traffic studies and cybersecurity-related design services that support secure, resilient installation operations.  “This award reflects the Air Force’s continued trust in Parsons’ ability to support complex, mission-critical infrastructure programs through disciplined design and engineering services,” said Martin Boson, president, Engineered Systems for Parsons. “By combining multidisciplinary engineering expertise with an agile delivery mindset, we look forward to supporting the 75th Civil Engineer Group in maintaining and modernizing facilities that are essential to mission readiness for the Department of War.”  Parsons has an extensive history of supporting the Air Force through architect-engineer and infrastructure services that enable installation modernization and sustainment. The company provides disciplined planning, design, and engineering expertise to support operations, facilities sustainment, and utility systems critical to mission execution. By aligning technical design excellence with installation priorities, Parsons helps the USAF modernize infrastructure while maintaining operational continuity. Beyond infrastructure solutions, the company provides all-domain support to the Air Force with agile, scalable solutions spanning cyber, electronic warfare, space, and advanced technology systems.  To learn more about Parsons’ federal infrastructure solutions, visit parsons.com/federal-infrastructure/.  About ParsonsParsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.  Media Contact:Bernadette Miller+1 980.253.9781 bernadette.miller@parsons.com  Investor Relations Contact:Dave Spille+1 703.775.6191Dave.Spille@parsons.us  Forward-Looking Statements:This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.  
            

Parsons Awarded Position on $136 Million Air Force Contract

Parsons Wins $136 Million USAF Contract, Strengthening Long-Term Outlook

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>CHANTILLY, Va., May 12, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today tha...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Parsons Corporation has secured a significant $136 million contract from the USAF for architect-engineer services over an 8.5-year period. This contract not only reinforces Parsons&#039; long-standing relationship with the Air Force but also positively impacts its revenue, contributing to critical infrastructure projects at Hill Air Force Base.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Parsons awarded a $136 million contract by the USAF for architect-engineer services.</li><li>The contract has an 8.5-year performance period, indicating long-term revenue potential.</li><li>Parsons will enhance Hill AFB infrastructure, contributing to mission readiness.</li><li>The award showcases the Air Force&#039;s confidence in Parsons&#039; capabilities.</li><li>Parsons&#039; federal infrastructure solutions expand across cybersecurity and advanced technology.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>United States Air Force (USAF)</strong>: The contract reinforces Parsons&#039; standing with a key government client.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under &#039;Corporate Developments&#039; as it involves a significant contract award influencing Parsons&#039; operational capabilities and financial outlook. The alignment with governmental spending priorities is crucial for long-term revenue streams.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The $136 million contract is expected to boost Parsons&#039; long-term revenue.</li><li>Increased infrastructure spending by the USAF signals strong demand for Parsons&#039; services.</li><li>Successful execution of this contract could lead to more future opportunities.</li><li>Parsons&#039; established history with the USAF enhances their competitive positioning.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Parsons contract with USAF valued at $136 million.</li><li>8.5-year performance period for the contract.</li><li>Awarded for architect-engineer services at Hill AFB.</li><li>Focus includes airfield design and cybersecurity-related services.</li><li>Parsons has a strong history of USAF engagements.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy PSN as the new USAF contract enhances long-term revenue growth potential.</p>
  </section>
</section>


<article>
    <h2>Parsons Corporation Secures $136 Million Air Force Contract</h2>
    <p>CHANTILLY, Va., May 12, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded a <strong>multiple award task order contract (MATOC)</strong> by the <strong>United States Air Force (USAF)</strong>, in partnership with the 75th Civil Engineer Group based at Hill Air Force Base. This contract, valued at <strong>$136 million</strong>, has an 8.5-year performance period and marks an important new business acquisition for Parsons.</p>
    
    <section>
        <h3>Contract Details and Objectives</h3>
        <p>Under this substantial agreement, Parsons will compete for task orders that provide <em>architect-engineer services</em> tailored to meet a variety of infrastructure demands at Hill Air Force Base. The scope encompasses:</p>
        <ul>
            <li>Design, alteration, and repair of airfields, roads, grounds, utilities, and structures.</li>
            <li>Conducting feasibility and traffic studies.</li>
            <li>Providing cybersecurity-related design services for secure operations.</li>
        </ul>
        <p>This comprehensive approach supports not only infrastructure needs but also ensures the resilience and security of installations.</p>
    </section>

    <section>
        <h3>Implications for Mission Readiness</h3>
        <p>Martin Boson, president of Engineered Systems for Parsons, commented on the contract, stating, “This award reflects the Air Force’s continued trust in Parsons’ ability to support complex, mission-critical infrastructure programs through disciplined design and engineering services.” He further expressed confidence in Parsons’ multidisciplinary engineering expertise to maintain and modernize vital facilities, which are essential for mission readiness under the Department of War.</p>
    </section>

    <section>
        <h3>Parsons' Commitment to the USAF</h3>
        <p>Parsons has a notable track record of supporting the Air Force with its <strong>architect-engineer</strong> and infrastructure services, facilitating installation modernization and sustainability. The firm's strategic alignment of technical design excellence with operational priorities greatly contributes to the USAF’s infrastructural advancements while ensuring operational continuity.</p>
        <p>In addition to infrastructure support, Parsons extends its capabilities in all-domain services, encompassing cyber, electronic warfare, and advanced technology systems.</p>
    </section>

    <section>
        <h3>About Parsons Corporation</h3>
        <p>Parsons (NYSE: PSN) is renowned for being a disruptive technology provider in the national security and global infrastructure sectors, offering solutions across various domains including:</p>
        <ul>
            <li>Cyber and electronic warfare</li>
            <li>Space and missile defense</li>
            <li>Transportation and urban development</li>
            <li>Water and environmental management</li>
            <li>Critical infrastructure protection</li>
        </ul>
        <p>For more information about Parsons’ federal infrastructure solutions, please visit <a href="https://parsons.com/federal-infrastructure/">parsons.com/federal-infrastructure</a>.</p>
    </section>

    <section>
        <h3>Contact Information</h3>
        <p>For media inquiries, please contact:</p>
        <p>Bernadette Miller <br>
            Phone: +1 980.253.9781 <br>
            Email: <a href="mailto:bernardette.miller@parsons.com">bernardette.miller@parsons.com</a>
        </p>
        <p>For investor relations, please reach out to:</p>
        <p>Dave Spille <br>
            Phone: +1 703.775.6191 <br>
            Email: <a href="mailto:Dave.Spille@parsons.us">Dave.Spille@parsons.us</a>
        </p>
    </section>
</article>

Parsons Corporation has secured a significant $136 million contract from the USAF for architect-engineer services over an 8.5-year period. This contract not only reinforces Parsons' long-standing relationship with the Air Force but also positively impacts its revenue, contributing to critical infrastructure projects at Hill Air Force Base.

Parsons Awarded Position on $136 Million Air Force Contract

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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