Parsons highlights defense industrial contracts worth $169.5M

Parsons Corporation (NYSE: PSN) outlined its industrial base modernization and advanced manufacturing services, pointing to several active contracts across defense and infrastructure sectors, according to a company statement.

Among the projects cited is a $169.5 million design-build contract with the U.S. Army Corps of Engineers to construct a new Ammonium Nitrate Solution Tank Farm at Holston Army Ammunition Plant. The company also referenced work on Nammo's rocket motor production facility in Perry, Florida.

Parsons said its delivery model combines capabilities from its Federal Solutions and Critical Infrastructure segments, covering engineering, construction management, cybersecurity, and environmental services.

"Industrial base modernization is no longer a future priority; it's an immediate operational requirement," said Martin Boson, president of Engineered Systems for Parsons.

Mark Fialkowski, president of Infrastructure North America for Parsons, added that the company is delivering solutions spanning data centers, energy systems, and industrial development to support national security and commercial demands.

The company also referenced its past role in the Blue Grass Chemical Weapons Stockpile Destruction Project and ongoing work in the Middle East, including the Al Karaana Special Economic Zone in Qatar and industrial cities in Saudi Arabia.

Parsons said it is also involved in semiconductor-related infrastructure, nuclear energy solutions, and data center buildout across North America and the Middle East.

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