Parsons (NYSE: PSN) recently disclosed its subsidiary Xator won a potential three-year, $750 million contract to support an unnamed “sensitive client.” Parsons said the single-award contract, which represents new work for the company, consists of a one-year base period worth $250 million and a pair of one-year contract options valued at...

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 t...

Carey Smith, chairwoman, president and CEO of Parsons, has been featured in Executive Mosaic’s Wash100 list for 2023 for her continued efforts to grow the company through organic and merger-and-acquisition opportunities. Smith has been chosen five times as a Wash100 winner over the 10-year history of the award. The annual list represents a cr...

Parsons (NYSE: PSN) will provide the U.S. Army with a new explosive decomposition chamber facility under a $164 million contract from the Army Corps of Engineers Norfolk District. Under the four-year contract, the government-owned, contractor-operated Holston Army Ammunition Plant in Kingsport, Tennessee, will replace its open-burning process of tre...

Parsons (NYSE: PSN) has booked a potential five-year, $94 million contract to help the U.S. Cyber Command develop command, control, communications and computer systems. The cost-plus-fixed-fee award covers capabilities development support to CYBERCOM’s J6 C4 Systems and Chief Information Officer Directorate, Parsons said Tuesday. CYBERCOM prev...

Parsons (NYSE: PSN) has agreed to acquire IPKeys Power Partners for approximately $43 million as part of efforts to expand its intellectual property portfolio and footprint in grid modernization and cyber resiliency markets. IPKeys is a Tinton Falls, New Jersey-based company founded in 2014 and provides enterprise software platforms designed to deli...

Telos (Nasdaq: TLS) has named Josh Salmanson as senior vice president of technology solutions and appointed Lee Canterbury as vice president of corporate growth. The latest executive appointments were part of the company’s push to secure new business opportunities, build up technology offerings and increase win rates in the federal and commerc...

Six large companies and three small businesses have won positions on a $59 million firm-fixed-price contract to perform architectural and engineering work for the U.S. Army Corps of Engineers. USACE’s Engineering and Support Center received 20 bids for the five-year contract via an online solicitation process, the Defense Department said Thurs...

Parsons (NYSE: PSN) saw its fourth-quarter revenue for fiscal year 2022 rise 16 percent to $1.1 billion and reported full-year sales of $4.2 billion, reflecting a total growth of 15 percent and organic growth of 9 percent. The Centreville, Virginia-based contractor said Wednesday Q4 2022 net bookings reached $1.1 billion with a book-to-bill ratio of...

Nine companies have won spots on a five-year, $99 million contract to provide engineering and architectural services to the U.S. Army Corps of Engineers. The firm-fixed-price contract is expected for completion by Jan. 16, 2028, and will be performed and funded on a per-task order basis, the Department of Defense said Tuesday. USACE selected the...