Parsons Awarded Position on $4B Defense Threat Reduction Agency Contract

CHANTILLY, Va., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a position on an indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC) by the Defense Threat Reduction Agency (DTRA) to support Countering Weapons Of Mass Destruction (CWMD) objectives. The $4 billion ceiling value contract includes a five-year base period and one five-year option period and is new work for the company.

Under this contract, Parsons will compete for task orders to perform research, development, testing and evaluation, procurement, maintenance, and systems engineering to deliver scientific and technological solutions meeting the Department of Defense’s priority CWMD objectives.

“We have strong, proven technical capabilities that enable efforts by the United States and partner nations to counter and deter global threats,” said Jon Moretta, President, Engineered Systems for Parsons. “We’re proud to leverage these capabilities and our core strengths in global security solutions support and development to advance DTRA’s mission to prevent, reduce, and counter WMD and emerging threats in an increasingly complex and dynamic environment.”

This IDIQ MATOC continues Parsons’ decades-long support of DTRA, which includes global projects addressing the destruction of chemical weapons and strategic offensive arms, nuclear security, mission assurance, and non-proliferation of weapons of mass destruction. In 2023, the company announced two task order awards under DTRA’s Assessment, Exercise, Modeling and Simulation, and Support (AEMSS) IDIQ MATOC. One task order will develop solutions improving partner nation capacity to prevent proliferation attempts, and the other will provide vulnerability assessments, technical support projects, design reviews, and analyses.

DTRA provides cross-cutting solutions to enable the Department of Defense, the United States Government, and international partners to deter strategic attacks against the United States and its allies; prevent, reduce, and counter weapons of mass destruction (WMD) and emerging threats; and prevail against WMD-armed adversaries in crisis and conflict.

To learn more about Parsons’ global security and mission solutions, visit .

About Parsons:

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit  and follow us on and to learn how we're making an impact.

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