1. Parsons awarded $15 billion contract by U.S. Air Force for construction services. 2. Contract increases Parsons' role in maintaining military facilities worldwide. 3. Initial work period is five years, with options for five more. 4. Recent contract reinforces Parsons' strong partnership with the Air Force. 5. The scope includes critical infrastructure and operational readiness projects.
The substantial $15 billion contract significantly enhances Parsons' revenue potential, similar to past growth seen in companies awarded major defense contracts, which often lead to longer-term financial stability and growth.
The contract is a key strategic win, reflecting Parsons' capabilities, likely boosting investor confidence and reinforcing its market position in defense and infrastructure.
The long duration of the contract, with five one-year options, provides predictable revenue streams over an extended period, likely enhancing PSN's financial performance in the coming years.
CHANTILLY, Va., Dec. 18, 2025 – Parsons Corporation (NYSE: PSN) has announced its selection for the U.S. Air Force Comprehensive Construction & Engineering Multiple Award Task Order Contract (MATOC). This significant contract has a ceiling value of $15 billion and aims to enhance the operational readiness and resilience of facilities under the U.S. Air Force and the Department of War.
The MATOC is managed by the Air Force Civil Engineering Center (AFCEC). This contract features an initial ordering period of five years, with the possibility of extending for an additional five one-year options. Through this contract, Parsons will compete for various task orders aimed at:
According to Jon Moretta, president of Engineered Systems for Parsons, “We remain committed to delivering the technology and expertise in support of the U.S. Air Force and its continued efforts to enhance the resilience and operational readiness of our nation’s military installations.” This partnership with the Air Force reflects Parsons’ longstanding commitment and proven expertise in delivering innovative, mission-critical solutions.
The scope of the contract focuses on enhancing mission readiness, which includes upgrading facilities like runways, power systems, water treatment plants, and communications networks to meet modern operational demands.
The award of this MATOC positions Parsons for ongoing work with the U.S. Air Force, complementing earlier contracts acquired in 2025. Notably, in April, the company was awarded a seat on the $1.5 billion AFCEC Environmental Services Contract, addressing the emerging issue of PFAS.
Parsons (NYSE: PSN) is a leader in disruptive technology solutions across national security and global infrastructure markets. The company's expertise spans cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. For more information, visit parsons.com and follow us on LinkedIn.
This announcement may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, beliefs, and assumptions. However, they are subject to various uncertainties and risks, which could cause actual performance to differ materially from the anticipated results. Factors that could impact performance include changes in governmental priorities, operational challenges, and regulatory compliance issues.
For media inquiries, please contact:
Bernadette Miller
Phone: +1 980.253.9781
Email: bernadette.miller@parsons.com
For investor relations, contact:
Dave Spille
Phone: +1 703.775.6191
Email: Dave.Spille@parsons.us