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CHANTILLY, Va. - Parsons Corporation (NYSE:PSN) has been awarded a position on the $15 billion Pacific Deterrence Initiative Multiple Award Construction Contract (PDI MACC) by the Naval Facilities Engineering Systems Command, the company announced Tuesday. The $9.23 billion market cap company has seen its shares climb 7.93% over the past week, according to InvestingPro data.
The contract includes a five-year base period with three one-year options and will allow Parsons to compete for task orders on projects exceeding $100 million in scope. These projects may include runways, hangars, waterfront facilities, warehousing infrastructure, and energy storage solutions.
The PDI MACC is part of the U.S. Department of Defense program designed to strengthen deterrence capabilities and enhance regional security throughout the Indo-Pacific region.
"We are proud to continue working with NAVFAC to deliver critical infrastructure that supports the Pacific Deterrence Initiative," said Jon Moretta, president of Engineered Systems at Parsons.
The contract will facilitate infrastructure projects in strategic locations including Australia, the Philippines, and various U.S. territories. According to the company’s press release statement, the streamlined acquisition process will enhance flexibility and strengthen regional resilience.
Parsons, recently named the number one Program Management Firm by Engineering News-Record, has been awarded more than $400 million in INDOPACOM-related contracts since 2019.
The company will leverage its expertise in program and construction management, engineering and planning, and complex infrastructure to deliver solutions across the region.
In other recent news, Parsons Corporation reported its third-quarter 2025 earnings, highlighting a mixed financial performance. The company achieved an earnings per share (EPS) of $0.86, exceeding analyst expectations of $0.75, which represents a 14.67% surprise. However, Parsons fell short on revenue, reporting $1.62 billion against the projected $1.67 billion. Additionally, Parsons Corporation secured a five-year contract to modernize the U.S. Coast Guard’s Biometrics at Sea System (BASS 2.0). This contract involves enhancing the system used by the Coast Guard to collect and analyze biometric data for identity verification and threat recognition. The recent developments underline Parsons’ ongoing involvement in significant government projects. These updates provide investors with a comprehensive view of the company’s recent activities and financial performance.
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