Parsons Awarded $593 Million Federal Aviation Administration Contract Extension
Parsons Corporation (PSN)
Last parsons corporation earnings: 3/10 06:30 am
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Source: GlobeNewswire
CHANTILLY, Va., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $593 million contract extension under the Federal Aviation Administration’s (FAA) Technical Support Services Contract 5 (TSSC 5). TSSC 5 has a $1.8 billion ceiling value with a four-year base period and two three-year option periods. This award exercises the first option period, extends performance through 2030, and supports the FAA’s Aviation System Capital Investment Plan (CIP). FAA’s Aviation System CIP outlines National Airspace System (NAS) modernization programs and activities. Under TSSC 5, Parsons manages infrastructure and systems upgrades across the NAS, including air traffic control facilities and critical navigation, communications, power, radar, and surveillance systems. The contract provides the FAA with rapid project start-up capabilities, streamlined procurement processes, and access to pre-qualified technical expertise, supporting the age
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PSN
Earnings
- 11/5/25 - Beat
PSN
Sec Filings
- 1/15/26 - Form 8-K
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- PSN's page on the SEC website