Parsons Awarded $139M Army Airfield Repair Project

Parsons (NYSE: PSN) has won a three-year, $139.1M contract to perform repair work on a runway at the Bucholz Army Airfield located on Kwajalein Atoll in the Marshall Islands.

The U.S. Army Corps of Engineers received three bids for the project and obligated the full contract amount at the time of awards, the Department of Defense said Wednesday.

DoD expects the company to finish contract work by Aug. 22, 2022.

Bucholz Army Airfield can serve as site for both trans-Pacific refueling efforts and civilian flight operations.

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