Parsons Awarded $94 Million Contract To Expand Full-Spectrum Military Cyberspace Operational Footprint

Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has been awarded a $94 million contract to provide command, control, communications, computers, and capabilities development support services to the United States Cyber Command (USCYBERCOM). This cost-plus-fixed-fee contract features a 12-month base period plus four optional periods. The work supports CYBERCOM's J6 Command and CIO Directorate, enhancing the agency's mission through integrated IT services, cybersecurity, and project management. This award aligns with the National Defense Science and Technology Strategy, positioning Parsons as a key player in advancing U.S. military and intelligence operations in the cyber domain.

Positive

• Awarded a $94 million contract by USCYBERCOM, enhancing revenue prospects.
• Contract includes a base period of 12 months with four optional extensions.
• Supports critical missions aligned with national defense strategies.

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• None.

CENTREVILLE, Va., March 28, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) continues to advance full-spectrum cyber dominance, announcing today that it was selected to provide command, control, communications, computers, and capabilities development support services (C4CD-2.0) to United States Cyber Command (USCYBERCOM). The $94 million cost-plus-fixed-fee contract complements work awarded to Parsons to support the agency’s C4CD mission set and consists of one 12-month base period of performance with four 12-month option periods.

“Parsons’ offerings are aligned with the National Defense Science and Technology Strategy and complement CYBERCOM’s missions that underpin the Defense Department’s strategy to innovate at speed and scale,” said Mike Kushin, Parsons’ executive vice president of high consequence missions. “We serve as a critical support apparatus that propels cyber infrastructure toward full-spectrum dominance.”

Work under the competitively awarded C4CD-2.0 contract will focus on the CYBERCOM J6 Command, Control, Communications, Computers (C4) Systems and Chief Information Officer (CIO) Directorate mission.

Parsons’ existing portfolio of work to CYBERCOM through the C4CD mission includes project management, integrated IT services, infrastructure services, engineering, cybersecurity services, C4 cyberspace strategy and development and operations support, J6/CIO support and contingency/exercise support.

Parsons delivers disruptive digital capabilities and products that advance next-generation military, intelligence, and space operations for the Department of Defense and Intelligence Community. The company operates in every aspect of the multidomain battlespace through a continued series of contract awards and partnerships and addresses emerging threats by fusing technologies across warfighting domains and incorporating information operations, intelligence, data analytics, electronic warfare, command and control, and kinetic operations.

To learn more about how Parsons is transforming the cyber battlespace, please visit https://www.parsons.com/markets/cyber/.

About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure solutions. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

Media Contact:
Angie Benfield
+1 803.334.5277
Angie.Benfield@parsons.com

Investor Relations Contact:
Dave Spille
+ 1 703.775.6191
Dave.Spille@Parsons.com

FAQ

What is the value of the contract awarded to Parsons Corporation by USCYBERCOM?

Parsons Corporation was awarded a $94 million contract by USCYBERCOM.

What services will Parsons provide under the USCYBERCOM contract?

Parsons will provide command, control, communications, computers, and capabilities development support services.

How long is the contract period for the USCYBERCOM project with Parsons?

The contract includes a 12-month base period and four 12-month option periods.

What does the mission of the CYBERCOM J6 Command involve?

The mission involves command, control, communications, and support for cybersecurity operations.

How does Parsons align with national defense strategies?

Parsons' offerings are aligned with the National Defense Science and Technology Strategy, supporting CYBERCOM's missions.