Parsons Awarded Position on $1B NNSA Counter Nuclear Smuggling System Deployment Contract

CHANTILLY, Va., April 03, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a position on an indefinite-delivery, indefinite-quantity multiple award task order contract by the National Nuclear Security Administration’s (NNSA’s) Office of Nuclear Smuggling Detection and Deterrence (NSDD). The $1 billion ceiling value contract to deploy advanced counter-nuclear smuggling systems globally includes a three-year base period of performance and two, two-year option periods and is new work for the company.

Parsons has already been awarded two task orders under this contract, enabling NSDD to build international partner capabilities that prevent radioactive and nuclear material acquisition by malign actors. The contract scope includes tasks associated with design, integration, implementation, communications, logistics, training, and equipment procurement to support the systems’ deployment.

“Parsons is a leader in providing innovative national security solutions to the federal government, and this award continues our growth as a Department of Energy and NNSA critical technology solutions provider,” said Jon Moretta, president, Engineered Systems for Parsons. “Our experience and collaboration with NNSA enhance global nuclear security and advance the U.S. government’s nonproliferation goals by equipping partner nations with capabilities to detect, disrupt, and investigate the illicit trafficking of radioactive and nuclear materials.”

Parsons has provided infrastructure and environmental solutions to the Department of Energy for 80 years, and supported NNSA since 2012, through the Enterprise Construction Management Services contract. This work for NNSA NSDD expands the company’s nonproliferation and security systems integration and delivery support to the federal government. As threats continue to evolve, Parsons is well-positioned to design, integrate, deploy, and sustain the most advanced security technology systems at a global scale and across all domains.

To learn more about Parsons’ national security solutions, visit Parsons.com/national-security.

About Parsons:
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. 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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