Parsons Selected for $69 Million in U.S. Air Force Contracts

CENTREVILLE, Va., Sept. 21, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) has been selected for three task orders totaling $69 million under the company's Global Application Research, Development, Engineering, and Maintenance (GARDEM) indefinite delivery/indefinite quantity (IDIQ) contract with the Air Force Research Laboratory (AFRL). The task orders are expected to be awarded in 2020.

All contracts are three-year efforts that deliver worldwide on-site mission support and software application enhancements to the AFRL's operational command and control, situational awareness, and space capabilities. Parsons has provided mission support to the AFRL for more than 20 years.

"We look forward to continue delivering valuable operational capabilities and research that enhance the AFRL's discovery, development, and delivery of warfighting technologies across the all-domain battlespace," said Rich Trentman, Parsons GARDEM program manager. "Parsons' integrated, cross-spectrum approach in fusion, data mining, visualization, geospatial, and cloud computing provide fast, affordable, and tailorable solutions to combat operators around the world."

To learn more about Parsons' defense capabilities, please visit: https://www.parsons.com/markets/defense/

About Parsons Corporation

Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

Forward-Looking Statements

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SOURCE Parsons Corporation