Altamira, a Parsons Company, Awarded $63 Million NOVASTAR Contract

(NYSE:PSN) Parsons Corporation announced that its subsidiary Altamira was awarded a task order supporting the National Air & Space Intelligence Center (NASIC) for the development, delivery, maintenance, sustainment, and enhancement of capabilities within the Collaboration Collection under the Services of Common Concern (SoCC). The task order has a ceiling value of $63 million and a four-year term. This is new work for Parsons Corporation. Under the contract, Altamira will sustain and enhance operational software, including operations and maintenance activities, in alignment with the government’s vision for the Collaboration Collection. The contract also includes development activities focused on advancing the Collaboration Collection. These efforts are intended to support the continued evolution of interoperable, secure, scalable, and mission-focused collaboration capabilities and enable more effective information sharing across mission environments. Mike Kushin, president, Defense & Intelligence for Parsons, stated that Parsons and Altamira are trusted to deliver secure, reliable, and mission-focused capabilities, and expressed pride in supporting NASIC’s Collaboration Collection. Cassie Kurtz, vice president for Altamira, commented that the award builds on Altamira’s technical expertise and understanding of the mission environment, emphasizing a focus on evolving capabilities to improve collaboration and information sharing for mission users. Parsons acquired Altamira Technologies Corporation in January 2026 to strengthen its position in the defense, intelligence, cyber, and space markets. Altamira brings specialized capabilities in signals intelligence (SIGINT), intelligence, surveillance and reconnaissance (ISR), cyber operations, missile warning, AI/ML-enabled analytics, and space-based mission support, as well as relationships across the U.S. Intelligence Community. The acquisition, combined with Parsons’ strengths in all-domain technology integration, electronic warfare, missile defense, biometrics, cyber, and operational mission delivery, creates a more comprehensive national security platform. This combination enhances Parsons’ ability to rapidly transition advanced technologies into operational capabilities, expand its Intelligence Community footprint, and provide customers with end-to-end mission solutions that accelerate decision-making, improve threat detection, and strengthen warfighter readiness. Altamira will fully integrate into Parsons Corporation in 2027.

Parsons Receives Defense Innovation Unit Success Memo For PFAS Remediation

(NYSE: PSN) Parsons Corporation announced that it has received federal approval from the U.S. Department of War’s Environmental Security Technology Certification Program (ESTCP) and Defense Innovation Unit (DIU) for the remediation of per- and polyfluoroalkyl substances (PFAS) impacted soil. This approval allows any federal agency to utilize Parsons’ patented thermal conduction heating (TCH) technology for PFAS cleanup projects. Mark Fialkowski, President of Infrastructure North America, stated that this approval reinforces trust in Parsons’ ability to deliver effective remedial solutions quickly and cost-effectively. Parsons demonstrated its TCH technology under a competitive ESTCP prototype project, successfully removing PFAS to below laboratory reporting limits from impacted soil on-site. The project eliminated the need for transportation and offsite disposal of large amounts of contaminated material, thereby saving time and reducing environmental impacts, liability, and risk to people and the environment. Parsons’ environmental remediation expertise includes advanced treatment technologies such as Thermal Conduction Heating, AFFF Cleanout Services, UV PFAS Destruction, and Hot In Situ Chemical Oxidation. The company has decades of experience delivering environmental solutions for government and commercial clients. Parsons’ approach combines technical knowledge, proven field execution, and innovative remediation methods to accelerate cleanup and reduce long-term environmental risk. The approval positions Parsons to support government-led PFAS cleanup efforts with a proven remediation solution. Parsons’ TCH technology is now available for rapid deployment by federal agencies. The ESTCP prototype project demonstrated the effectiveness of Parsons’ technology in achieving PFAS removal to below laboratory reporting limits. The solution provided by Parsons is more sustainable by avoiding landfill or disposal facility use. Parsons’ integrated solutions portfolio is available to customers in other important mission areas. The company’s remediation solutions are designed to restore sites for safe and productive use. Parsons’ approval by ESTCP and DIU is a significant milestone in addressing PFAS contamination challenges.

Raft and Parsons Highlight Participation in Strategic Partner Program to Accelerate Modernization and Operational Advantage Across the Indo-Pacific

(NYSE: PSN) Parsons Corporation announced its participation in Raft's Partner Program to accelerate the delivery of data, artificial intelligence, and mission-critical capabilities to military operators across the Indo-Pacific. Raft and Parsons are committed to helping the joint force increase lethality, accelerate decision-making, and maintain a decisive advantage in contested environments. Parsons will collaborate with Raft to support modernization efforts across the region, advance data and AI adoption, and deliver capabilities that improve decision advantage, operational resilience, and force effectiveness. A recent example of this collaboration was the Pacific Operator Training, where Raft and Parsons brought together military leaders and operators from across the joint force to educate and train on modern data architectures, artificial intelligence, and mission technologies. Raft is described as a leading defense technology company delivering mission-critical data and AI software for the U.S. Department of Defense and national security community. Parsons is described as a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. No specific financial figures, production volumes, or transaction amounts are disclosed in the announcement.

Parsons Secures $34 Million DTRA Award to Continue Nuclear Enterprise Mission Assurance Support

Parsons Corporation (NYSE: PSN) announced that the Defense Threat Reduction Agency (DTRA) has exercised Option Year 3 on the Vulnerability Assessments task order under the agency’s $170 million ceiling value Assessments, Exercises, Modeling and Simulation Support (AEMSS) IDIQ. The option year is valued at $34 million and covers a one-year performance period. DTRA has now exercised three of the four option years available on the IDIQ, originally awarded in 2023. Parsons will continue to support DTRA’s Nuclear Enterprise Mission Assurance Department through various technical and operational services. This contract extension highlights DTRA’s continued confidence in Parsons and reinforces the company’s role in supporting national and global security initiatives.

Parsons Awarded Position on $2B Military Energy Resilience Program

Parsons Corporation (NYSE: PSN) announced it was awarded a position on a $2 billion multiple award task order contract (MATOC) by the U.S. Army Corps of Engineers to deliver energy resilience and infrastructure modernization projects at military installations nationwide. The contract supports the Department of War Energy Resilience and Conservation Investment Program (ERCIP) and includes a three-year base performance period with seven one-year option periods. This award represents new work for Parsons and expands its energy resilience portfolio. In addition, Parsons highlighted a $20 million microgrid contract award from December 2024 and recent selection by the Los Angeles Department of Water & Power for demand response technology services. These developments underscore Parsons' growing presence in energy infrastructure and resilience projects.

EVERYWHERE Communications Partners with Parsons to Enable Resilient, Beyond-Line-of-Sight Autonomous Drone Operations Under SBIR Initiative

EVERYWHERE Communications announced a strategic partnership with Parsons Corporation (NYSE: PSN) to advance next-generation autonomous drone capabilities under a Small Business Innovation Research (SBIR) initiative. The collaboration introduces a resilient data transport layer utilizing Iridium Satellite, enabling drones to operate autonomously and communicate critical sensor data even in disconnected and austere environments. Parsons is delivering TAK-as-a-Service (TaaS), providing scalable, mission-ready TAK Server integration and sustainment services for the Department of War and Federal agencies. The partnership aims to enhance beyond-line-of-sight operations, reliable data exfiltration, and scalable coordination for unmanned systems. This represents a significant step toward enabling resilient, scalable, and intelligent unmanned systems for warfighters at the tactical edge.

Parsons Awarded Contract To Support The Boring Company’s Innovative Dubai Loop Program

Parsons Corporation (NYSE: PSN) has been awarded a 9-month contract by The Boring Company (TBC) to provide professional services for the Dubai Loop project in the United Arab Emirates. Parsons will act as TBC’s delegated program manager, supporting design-build activities and providing integrated services such as Independent Design Verification, Stakeholder Management, and Permitting for the pilot phase. The Dubai Loop is a multi-phased underground transportation initiative being developed in partnership with Dubai’s Roads and Transit Authority (RTA). Parsons brings extensive experience, having managed more than 250 complex tunneling projects and over 10,000 miles (16,000 kilometers) of road and highway projects across six continents. This contract represents new work for Parsons and aligns with the UAE’s strategic directives to advance urban mobility and infrastructure.