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Parsons Wins Seat on $1.5 Billion Air Force Civil Engineering Center Environmental Services Contract Addressing PFAS

1. Parsons awarded a $1.5 billion contract for environmental services. 2. The contract lasts five years with five one-year options. 3. Focus on PFAS and environmental remediation for government clients. 4. Parsons leverages 50 years of DOD experience in environmental issues. 5. Acquired TRS Group to enhance remediation technology offerings.

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Why Bullish?

The substantial contract awarded indicates steady revenue potential for PSN. Such contracts historically have led to positive market reactions for similarly positioned firms.

How important is it?

The contract's size and focus on critical environmental services likely boost PSN’s market position and investor interest.

Why Long Term?

Given the contract's five-year duration, PSN's earnings can benefit over the long haul. Long-term contracts generally stabilize revenue streams and enhance market confidence.

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April 14, 2025 06:25 ET  | Source: Parsons Services Company CHANTILLY, Va., April 14, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a seat on a $1.5 billion indefinite-delivery, indefinite-quantity multiple award task order contract by the Air Force Civil Engineering Center (AFCEC) to provide architect-engineer services addressing environmental issues, including emerging contaminants such as per- and polyfluoroalkyl substances (PFAS). The contract includes a five-year base period and five one-year option periods, including an option to extend another six months. Under this contract, Parsons will compete for task orders based on qualifications to address environmental issues, including restoration and compliance; conservation and planning and programming; emerging issues and contaminants; and quality and other areas of essential support, at United States Air Force installations worldwide and for other federal clients such as the Defense Logistics Agency and NASA. “Parsons remains committed to providing the federal government with state-of-the-art, cost-effective solutions for a cleaner, safer environment,” said Jon Moretta, President, Engineered Systems for Parsons. “As a leader in environmental remediation solutions, we will leverage our experience, capabilities, and innovative technologies to combat challenges, such as PFAS, and support AFCEC in providing responsive and flexible full-spectrum installation engineering services.” Parsons has more than 50 years of experience delivering environmental engineering services in support of the Department of Defense, including investigation and remediation of PFAS. In October 2024, the company announced it was selected by the National Guard Bureau to manage the operation and maintenance of a PFAS groundwater treatment system at Burlington Air National Guard Base, Vermont. Parsons’ industry-leading solutions were significantly enhanced with the acquisition of TRS Group, Inc., an environmental remediation technology provider, in February 2025. To learn more about Parsons’ PFAS experience, visit Parsons.com/pfas/. About Parsons: Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact. 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. Media Contact:                                        Jonathan Larry+1 706.832.7330jonathan.larry@parsons.com Investor Relations Contact:Dave Spille+1 703.775.6191Dave.Spille@parsons.us

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