Parsons Transforming the Air-Base Air-Defense Battlespace

Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has secured an $18 million task order to enhance air defense capabilities for U.S. Air Forces-Europe and Air Forces Africa. The task order focuses on countering threats from unmanned aerial systems and cruise missiles, to be executed at Ramstein Air Base, Germany. This initiative is part of a larger 10-year, $953 million contract awarded in 2021 for air-base air-defense systems across Europe and Africa. The project aims to develop scalable solutions ensuring force protection and operational efficiency in a rapidly evolving threat environment.

Positive

• Awarded $18 million task order for air defense capabilities.
• Part of a larger $953 million contract for air-base air-defense systems.
• Focus on evolving threats from unmanned aerial systems and cruise missiles.

Negative

• None.

Company was awarded a new $18 million task order for active cruise missile and counter-unmanned aircraft systems air defense

CENTREVILLE, Va., March 09, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today the award of an $18 million task order to include air-base air-defense (ABAD) capabilities that address threats ranging from unmanned aerial systems to cruise missiles against U.S. Air Forces-Europe (USAFE) and Air Forces Africa (AFAFRICA) bases across the Europe and Africa theatre. The task order has one base year with two option years and will be performed at Ramstein Air Base, Germany.

In 2021, Parsons won a 10-year, $953 million single-award indefinite delivery/indefinite quantity (IDIQ) contract for USAFE and AFARICA to design, mature, procure, integrate, operate, and maintain ABAD systems across the European and African continent areas of responsibility.

“The global threat environment continues evolving at a rapid pace that is exceeding our existing air defense approach and requires more flexible, innovative solutions to ensure force protection,” said John Scarlett, Parsons ABAD program manager. “Our team is partnering with the Air Force to continue transforming the battlespace by developing scalable, responsive, all-domain air base defense systems that quickly detect, alert, deny, and defeat threats ranging from across the spectrum.”

Parsons will be responsible for consolidation of ABAD technical baseline capabilities at the Ramstein Air Defense Systems Integration Laboratory (RADSIL) integration annex, establishing an ABAD training capability, developing an operational ABAD early warning capability, and producing the ABAD technical baseline and providing systems engineering support.

Parsons touches every aspect of the all-domain battlespace: from space operations to edge computing and full-spectrum cyber; to ground-based command and control systems. The company’s proven operational capabilities ensure all-domain superiority and information dominance to accelerate decision making in permissive through highly contested environments. 

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

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 protection. 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 recent task order awarded to Parsons Corporation (PSN) about?

Parsons Corporation (PSN) was awarded an $18 million task order for air defense capabilities, specifically addressing threats from unmanned aerial systems and cruise missiles for U.S. Air Forces-Europe and Air Forces Africa.

Where will Parsons perform the new task order for air defense?

The new task order will be performed at Ramstein Air Base in Germany.

How much is the total contract value for Parsons regarding air-base air-defense systems?

Parsons holds a larger contract valued at $953 million for air-base air-defense systems across Europe and Africa.

Why is the new task order important for Parsons (PSN)?

The task order enhances Parsons' capabilities in countering evolving threats, ensuring effective force protection in critical regions.