Parsons Awarded $27 Million Defense Threat Reduction Agency Task Order for Proliferation Prevention
Parsons (NYSE: PSN) has secured a new $27 million Defense Threat Reduction Agency (DTRA) task order focused on preventing weapons of mass destruction proliferation in Eastern Europe. The contract includes a two-year performance period with three one-year option periods under the DTRA Cooperative Threat Reduction Integrating Contract (CTRIC) III.
Parsons will provide expertise, training, resources, program management, equipment procurement, and construction management capabilities to help partner nations address security risks. This marks the company's seventh task order under CTRIC III since June 2018, furthering DTRA's mission to reduce global WMD threats.
- Secured new $27 million DTRA task order
- Contract includes potential five-year duration through options
- Represents expansion of work with DTRA (seventh task order since 2018)
- None.
Insights
This
The Eastern European focus is particularly relevant given current geopolitical tensions. The scope encompasses high-margin services including program management, procurement, training and construction management. While the
CHANTILLY, Va., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a Defense Threat Reduction Agency (DTRA) Proliferation Prevention Program task order to reduce the threat of weapons of mass destruction (WMD) proliferation in Eastern Europe. The
Under this task order, Parsons will provide expertise, training, and resources to allow partner nations in Eastern Europe to address existing and emerging security risks. The company will provide DTRA with program management, equipment procurement and delivery, training, sustainment, and design and construction management capabilities.
“Our proven, best-in-class people and solutions are leading the charge for a safer world,” said Jon Moretta, President, Engineered Systems, for Parsons. “For decades, Parsons has advanced DTRA’s mission to prevent, reduce, and counter threats to global security. We look forward to continuing this critical work through the agency’s Proliferation Prevention Program, supporting efforts to strengthen partner capabilities to detect and interdict WMD-related trafficking across borders.”
Parsons was named on the DTRA CTRIC III multiple award contract in June 2018 and has since been awarded seven task orders. Through these task orders, the company has advanced the agency’s Cooperative Threat Reduction mission to partner with willing countries to reduce global threats from WMD and related materials, technologies, facilities, and expertise.
To learn more about Parsons’ global security and mission solutions, visit Parsons.com/security-and-mission-solutions/.
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. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.
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Media Contact:
Jonathan Larry
+1 706.832.7330
jonathan.larry@parsons.com
Investor Relations Contact:
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Dave.Spille@parsons.us
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