PSN Parsons

Parsons Awarded $30 Million to Improve Water Quality, Seismic Stability, and Safety for Valley Water

Parsons Awarded $30 Million to Improve Water Quality, Seismic Stability, and Safety for Valley Water

CENTREVILLE, Va., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by Santa Clara Valley Water District (Valley Water) to provide construction management services for the Rinconada Water Treatment Plan Reliability Improvement Project, Phases 3-6. The $30 million contract includes the construction management of new facilities, including raw water ozonation, chemical facility upgrades, dual media filtration, and a chlorine contact basin.

“We are proud to continue expanding our already deep roots in California, leveraging our local presence, experience and innovative approach to help with the improvement of seismic reliability, operational reliability, regulatory compliance, and water quality for a significant part of Valley Water’s water supply,” said Mark Fialkowski, president, mobility solutions market for Parsons. “Our capabilities will enhance and streamline our construction management delivery model, quickly identify and address project concerns, and provide clear communications and transparency across all parties.”

The Rinconada Water Treatment Plan Reliability Improvement Project, Phases 3-6 is located on a congested site and requires maintenance of continuous plant operations during construction, requiring quality construction management services to identify and mitigate risks. The project aims to retrofit, upgrade and/or replace key equipment that is reaching the end of its natural life.

Parsons will oversee the replacement or upgrade of all major plant components and increase the WTP’s treatment capacity from 80 MGD to 100 MGD. These enhancements will support Valley Water as it strives to meet increasingly stringent standards for water quality, seismic stability, and safety.

Parsons has decades of experience creating and maintaining safe, efficient, and sustainable water facilities and processes. Our expertise in program and construction management (PM/CM) and engineering have helped us transform the industry through some of the most complex water and wastewater projects in the world.

To learn more about Parsons’ water and wastewater expertise, visit .

About Parsons

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

Media Contact:

Lexus K. White

+1 470.510.6690

Investor Relations Contact:

Dave Spille

+1 703.775.6191



EN
23/02/2023

Underlying

PSNParsons

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Parsons

 PRESS RELEASE
Free
PSN PARSONS

U.S. Cyber Command Issues Parsons’ Subsidiary Intent to Award for Join...

U.S. Cyber Command Issues Parsons’ Subsidiary Intent to Award for Joint Cyber Hunt Kit (JCHK) Production SealingTech, a Parsons company, was competitively selected for the $500 million contract CHANTILLY, Va., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE: PSN), and leading defensive cyber operations solution provider, received an Intent to Award notification from the United States Cyber Command (USCYBERCOM) for a sole-source contract to begin production on the company’s Joint Cyber Hunt Kit solution. The three-year period of p...

February 18, 2026 1 EN
 PRESS RELEASE
Free
PSN PARSONS

Parsons to Present at the Barclays 43rd Annual Industrial Select Confe...

Parsons to Present at the Barclays 43rd Annual Industrial Select Conference CHANTILLY, Va., Feb. 13, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, chair, president, and chief executive officer, and Matt Ofilos, chief financial officer, will participate in a fireside chat question and answer session at the Barclays 43rd Annual Industrial Select Conference on Wednesday, February 18, 2026, at approximately 3:35 p.m. Eastern Time. The presentation will be available live via webcast on the investor relations section of Parsons’ website (). A replay...

February 13, 2026 1 EN
 PRESS RELEASE
Free
PSN PARSONS

Parsons Reports Fourth Quarter and Fiscal Year 2025

Parsons Reports Fourth Quarter and Fiscal Year 2025 Q4 2025 Financial Highlights  Q4 revenue of $1.6 billion decreased 8% year-over-year and 10% on an organic basisTotal revenue growth of 11% and 8% on an organic basis excluding confidential contractNet income of $56 million increased 3% year-over-year, a fourth quarter recordRecord adjusted EBITDA of $153 million increased 5%; adjusted EBITDA margin of 9.6%Cash flow from operations increased 32% to $168 millionBook-to-bill ratio of 0.9x and continued streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPO Fiscal Ye...

February 11, 2026 1 EN
 PRESS RELEASE
Free
PSN PARSONS

Parsons Awarded $125M Contract to Support the U.S. Army Combat Capabil...

Parsons Awarded $125M Contract to Support the U.S. Army Combat Capabilities Development Command Army Research Laboratory CHANTILLY, Va., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded a $125 million single-award Task Order contract over five years to support the U.S. Army Combat Capabilities Development Command (DEVCOM) Army Research Laboratory (ARL), High Performance Computing Modernization Program (HPCMP), and Defense Research and Engineering Network (DREN). This recompeted award highlights Parsons’ commitment to advancing research and development in ...

February 10, 2026 1 EN
 PRESS RELEASE
Free
PSN PARSONS

Parsons Secures $91 Million Contract Extension for U.S. Diplomatic Mis...

Parsons Secures $91 Million Contract Extension for U.S. Diplomatic Mission Security Worldwide CHANTILLY, Va., Feb. 09, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced the company secured a $91 million contract extension for the Overseas Security Installation Services (OSIS II) contract administered by the U.S. Department of State. This is the seventh option year award of a 10-year contract, and part of the broader nearly $1.12 billion OSIS II contract. The extension underscores Parsons’ consistent performance and long-standing reputation as a reliable partner in deliver...

February 9, 2026 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch