Parsons lands $618M GSA contract
Centreville-based defense contractor also posts first-quarter results
Centreville-based Parsons Corp. has won a $618 million contract with the U.S. General Services Administration, it announced this week, bringing the company’s total contracts won since the end of the first quarter to approximately $1 billion.
The new contract covers professional services that advance the intelligence community’s global cyber and intelligence technologies for C5ISR, the U.S. Army’s Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance and Reconnaissance Center, as well as exercise, operations and information services.
Under the contract, Parsons will work with agencies including the State Department and the Office of the Director of National Intelligence. Parsons staff will provide “open-source intelligence, system engineering, integrated training, research and development, and rapid prototyping, enabling the customer’s ability to process, exploit, disseminate, and act on information against emerging and evolving threats,” according to a company release.
“Our transformative acquisitions truly created a differentiated platform to rapidly provide mission-critical intelligence solutions in support of the customer’s mission,” Paul Decker, executive vice president and general manager of Parsons’ cyber and intelligence market, said in a statement. “We look forward to working with the customer and bringing the dedicated talents of our employees to achieve mission success.”
Parsons secured six contracts during its first quarter worth more than $100 million — including a 10-year information technology contract potentially worth $12.6 billion from the Defense Intelligence Agency, announced in March.
The company highlighted the wins in its quarterly financial report May 5, noting that quarterly revenue was down 10% from the the previous year to $875 million. It attributed the decrease to the pandemic and lower pass-through revenue.
Parsons Chairman and CEO Charles “Chuck” Harrington, who is retiring as CEO in June, said in a statement that he expects growth “as we benefit from our technology solutions aligned with the Biden Administration’s infrastructure and defense priorities and as we move beyond COVID and pass-through revenue headwinds.”
Parsons, which employs more than 16,000 people, specializes in defense, intelligence, security and infrastructure engineering.