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Parsons Awarded New NASA Infrastructure Contract

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Parsons (NYSE: PSN) has been awarded a major subcontract on NASA's Repairs, Operations, Maintenance, and Engineering (ROME) contract. The prime contractor, ASRC Federal Facilities Logistics, , will provide services at multiple NASA facilities through an IDIQ contract valued at $320 million over five years. Parsons' portion is estimated at up to $130 million, focusing on facilities construction management and engineering services.

The contract covers NASA's Goddard Space Flight Center in Maryland, the Wallops Flight Facility in Virginia, and associated facilities. Parsons will continue providing services similar to its previous FaCETS III contract at Goddard, with new work added at Wallops. This award extends Parsons' 28-year partnership with NASA, supporting the agency's space exploration, scientific discovery, and aeronautics research missions.

Parsons (NYSE: PSN) ha ricevuto un importante subappalto nell'ambito del contratto Repairs, Operations, Maintenance, and Engineering (ROME) della NASA. L'appaltatore principale, ASRC Federal Facilities Logistics, fornirà servizi in diverse strutture della NASA attraverso un contratto IDIQ del valore di 320 milioni di dollari nell'arco di cinque anni. La parte di Parsons è stimata in fino a 130 milioni di dollari, focalizzandosi sulla gestione della costruzione di strutture e sui servizi ingegneristici.

Il contratto comprende il Goddard Space Flight Center nel Maryland, il Wallops Flight Facility in Virginia e strutture associate. Parsons continuerà a fornire servizi simili a quelli del precedente contratto FaCETS III al Goddard, con nuovi lavori aggiunti al Wallops. Questo riconoscimento estende la partnership di 28 anni di Parsons con la NASA, a sostegno delle missioni di esplorazione spaziale, scoperta scientifica e ricerca aeronautica dell'agenzia.

Parsons (NYSE: PSN) ha sido adjudicado un importante subcontrato en el contrato de Reparaciones, Operaciones, Mantenimiento e Ingeniería (ROME) de la NASA. El contratista principal, ASRC Federal Facilities Logistics, proporcionará servicios en múltiples instalaciones de la NASA a través de un contrato IDIQ valorado en 320 millones de dólares durante cinco años. La parte de Parsons se estima en hasta 130 millones de dólares, enfocándose en la gestión de la construcción de instalaciones y en servicios de ingeniería.

El contrato abarca el Goddard Space Flight Center en Maryland, el Wallops Flight Facility en Virginia y las instalaciones asociadas. Parsons continuará proporcionando servicios similares a los de su anterior contrato FaCETS III en Goddard, con nuevos trabajos añadidos en Wallops. Este premio extiende la sociedad de 28 años de Parsons con la NASA, apoyando las misiones de exploración espacial, descubrimiento científico e investigación aeronáutica de la agencia.

Parsons (NYSE: PSN)은 NASA의 Repairs, Operations, Maintenance, and Engineering (ROME) 계약에서 주요 하청 계약을 체결했습니다. 주 계약자인 ASRC Federal Facilities Logistics가 5년 동안 3억 2천만 달러 규모의 IDIQ 계약을 통해 여러 NASA 시설에서 서비스를 제공할 것입니다. Parsons의 몫은 최대 1억 3천만 달러로, 시설 건설 관리 및 엔지니어링 서비스에 중점을 둡니다.

이 계약은 메릴랜드의 Goddard Space Flight Center, 버지니아의 Wallops Flight Facility 및 관련 시설을 포함합니다. Parsons는 Goddard에서 이전 FaCETS III 계약과 유사한 서비스를 계속 제공하며, Wallops에서 새로운 작업이 추가됩니다. 이 수주는 NASA와의 28년 파트너십을 연장하며, NASA의 우주 탐사, 과학 발견 및 항공 연구 임무를 지원합니다.

Parsons (NYSE: PSN) a obtenu un important sous-contrat dans le cadre du contrat Réparations, Opérations, Maintenance et Ingénierie (ROME) de la NASA. Le contractant principal, ASRC Federal Facilities Logistics, fournira des services dans plusieurs installations de la NASA à travers un contrat IDIQ d'une valeur de 320 millions de dollars sur cinq ans. La part de Parsons est estimée à jusqu'à 130 millions de dollars, se concentrant sur la gestion de la construction des installations et les services d'ingénierie.

Le contrat couvre le Goddard Space Flight Center dans le Maryland, le Wallops Flight Facility en Virginie et les installations associées. Parsons continuera à fournir des services similaires à ceux de son précédent contrat FaCETS III au Goddard, avec de nouveaux travaux ajoutés à Wallops. Cette attribution prolonge le partenariat de 28 ans de Parsons avec la NASA, soutenant les missions d'exploration spatiale, de découverte scientifique et de recherche aéronautique de l'agence.

Parsons (NYSE: PSN) hat einen bedeutenden Subauftrag im Rahmen des Reparatur-, Betriebs-, Wartungs- und Ingenieurvertrags (ROME) der NASA erhalten. Der Hauptauftragnehmer, ASRC Federal Facilities Logistics, wird Dienstleistungen in mehreren NASA-Einrichtungen im Rahmen eines IDIQ-Vertrags im Wert von 320 Millionen Dollar über fünf Jahre bereitstellen. Der Anteil von Parsons wird auf bis zu 130 Millionen Dollar geschätzt und konzentriert sich auf das Management von Baueinrichtungen und Ingenieurdienstleistungen.

Der Vertrag erstreckt sich über das Goddard Space Flight Center in Maryland, die Wallops Flight Facility in Virginia und zugehörige Einrichtungen. Parsons wird weiterhin ähnliche Dienstleistungen wie im vorherigen FaCETS III-Vertrag am Goddard anbieten, wobei neue Arbeiten in Wallops hinzukommen. Diese Auszeichnung erweitert die 28-jährige Partnerschaft von Parsons mit der NASA, die die Missionen der Agentur in der Weltraumforschung, wissenschaftlichen Entdeckungen und Luftfahrtforschung unterstützt.

Positive
  • Awarded a major subcontract on NASA's ROME contract with an estimated value of up to $130 million
  • Contract extends Parsons' 28-year partnership with NASA
  • Expands services to include Wallops Flight Facility in addition to existing work at Goddard Space Flight Center
Negative
  • None.

CENTREVILLE, Va., July 19, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today an award on the Repairs, Operations, Maintenance, and Engineering (ROME) contract team by the National Aeronautics and Space Administration (NASA), to which it is a major subcontractor. Arctic Slope Regional Corporation (ASRC) Federal Facilities Logistics, LLC will provide services at multiple NASA facilities through this indefinite-delivery, indefinite-quantity (IDIQ) contract with a maximum ordering value of $320 million over five years. Parsons will provide facilities construction management and engineering and technical services in support of ASRC’s IDIQ contract with NASA with an estimated value of up to $130 million.

“Parsons has been a trusted partner to NASA for nearly three decades,” said Jon Moretta, president, Engineered Systems, for Parsons. “We remain committed to our work with NASA as a member of the ASRC team and will continue supporting the agency’s mission of pioneering the future in space exploration, scientific discovery, and aeronautics research by leveraging our global infrastructure, engineering, and technical expertise.”

NASA facilities included in the contract are the Goddard Space Flight Center in Greenbelt, Maryland; the Wallops Flight Facility, including U.S. Naval operations, on Wallops Island, Virginia; and all Goddard associated facilities. Goddard is home to the nation’s largest organization of scientists, engineers, and technologists who build spacecraft, instruments, and new technology to study the Earth, Sun, solar system, and universe. Wallops provides agile, low-cost flight and launch range services to meet government and commercial sector needs for accessing flight regimes worldwide from the Earth’s surface to the moon and beyond.

ASRC Federal Facilities Logistics will provide operations and maintenance, architect engineering, construction, and facilities information resources services under the contract. As a subcontractor, Parsons will continue to provide elements of the Facilities, Construction, Engineering, and Technical Services (FaCETS) III contract, which the company was awarded in 2017 for engineering, infrastructure, information technology, and program management services at Goddard. New work for Parsons includes a similar scope at Wallops. Parsons’ partnership with NASA began in 1995 and has continued through three FaCETS contracts and now the ROME contract.

Parsons is a global leader in delivering innovative infrastructure solutions to federal customers that advance mission needs. The company’s deep domain expertise is complimented by a team of planners, engineers, scientists, and construction management professionals who are committed to using innovation and technology-driven solutions to drive the greatest value for federal projects.

To learn more about Parsons’ federal infrastructure solutions, visit Parsons.com/infrastructure-capabilities/.

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
+1 706.832.7330
jonathan.larry@parsons.com

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


FAQ

What is the total value of the NASA ROME contract awarded to ASRC Federal Facilities Logistics, ?

The NASA ROME contract awarded to ASRC Federal Facilities Logistics, has a maximum ordering value of $320 million over five years.

What is the estimated value of Parsons 's (PSN) subcontract in the NASA ROME contract?

Parsons 's (PSN) subcontract in the NASA ROME contract has an estimated value of up to $130 million.

Which NASA facilities are included in the ROME contract awarded to Parsons (PSN)?

The NASA facilities included in the ROME contract are the Goddard Space Flight Center in Greenbelt, Maryland; the Wallops Flight Facility on Wallops Island, Virginia; and all Goddard associated facilities.

How long has Parsons (PSN) been partnering with NASA?

Parsons (PSN) has been partnering with NASA for nearly three decades, since 1995.

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