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Parsons Wins $160M Intelligence Software, Hardware Development Contract; Mike Kushin Quoted

Parsons (NYSE: PSN) has secured a potential seven-year, $160 million single-award contract to develop hardware and software products for the U.S. intelligence community.

Mike Kushin, president of Parsons’ defense and intelligence sector, said in a statement published Thursday that the company will build on its technical expertise to help the IC defend and advance national security interests globally.

“Our incredible people are transforming the battlespace every day and ensuring the success of our customer’s missions,” he added.

The classified contract was competitively bid and has a one-year base period with six option years.

Parsons offers technology products and services to defense and intelligence customers to support multi-domain operations, electronic warfare, command and control and data analytics.

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