Author: Jamie Bennet|| Date Published: April 10, 2023
Parsons (NYSE: PSN) will continue to support the Federal Aviation Administration’s system modernization efforts under the follow-on Technical Support Services Contract worth potentially $1.8 billion over 10 years.
The TSSC 5 award supports the agency’s Aviation System Capital Investment Plan covering programs and activities involved in the transition of the National Airspace System to next-generation technologies, the company said Thursday.
Under the new contract, Parsons will perform engineering, construction and project management work to help implement CIP.
“Through this new award, we’ll continue to leverage our engineering, infrastructure, and project management expertise to support the FAA in sustaining their global aviation leadership and modernizing the safest, most efficient aerospace system in the world,” said Jon Moretta, president of engineered systems at Parsons.
TSSC 5 has a base performance period of four years, followed by two option periods of three years each.
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