PSN Parsons

Parsons’ Salt Waste Processing Facility Recognized for Project Management Excellence

Parsons’ Salt Waste Processing Facility Recognized for Project Management Excellence

CENTREVILLE, Va., Oct. 14, 2021 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the Salt Waste Processing Facility (SWPF) designed, built, and now operated by the company for the Department of Energy (DOE) was recognized by the Project Management Institute as one of three finalists for 2021 project of the year.

The PMI Project of the Year Award recognizes large and complex projects that best deliver superior performance of project management practices, superior organizational results, and positive impacts on society for projects greater than $75 million. Projects can be of any type, from any industry, in public or private sectors, or any geography in the world.

“Every day our team in Aiken, South Carolina is focused on creating the future by doing the impossible: cleaning decades of nuclear waste and safely removing it from society,” said Carey Smith, Parsons’ president and chief executive officer. “Their dedication to program excellence reflects our commitment to delivering a better world and to advancing environmental programs.”

In 2002, the DOE selected Parsons to design, build, commission, and operate SWPF with the goal of processing 32 million gallons of radioactive salt waste stored in underground tanks at the Savannah River Site (SRS). Removing salt waste, which fills over 90% of the tank space in the SRS tank farms, is a major step toward emptying and closing the site’s remaining 43 high-level waste tanks.

Parsons achieved Critical Decision point 4 (Authorization to Operate) four months ahead of schedule and SWPF has safely processed more than two million gallons of highly radioactive salt waste thus far in its first year of unrestricted operations.

“I could not be prouder to work with the incredible employees of Savannah River Site – from both Parsons and the Department of Energy – who demonstrate an unwavering commitment to safely and efficiently operating this first-of-a-kind nuclear facility,” said Mike Pittman, Parsons vice president of nuclear operations and SWPF project manager. “The Department of Energy has been an ideal partner in this journey, and I’m excited by the impact we can make working together.”

To learn more about Parsons leadership in delivering outstanding federal infrastructure projects, please visit:

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

Media Contact:

Bryce McDevitt

+1 703.851.4425

Investor Relations Contact:

Dave Spille

+ 1 571.655.8264



EN
14/10/2021

Underlying

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

Reports on Parsons

 PRESS RELEASE

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...

 PRESS RELEASE

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...

 PRESS RELEASE

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 ...

 PRESS RELEASE

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...

 PRESS RELEASE

Parsons’ C-UAS DroneArmor™ Deployed to Protect U.S. Border and Nationa...

Parsons’ C-UAS DroneArmor™ Deployed to Protect U.S. Border and National Security CHANTILLY, Va., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that DroneArmor™, the company’s counter-unmanned aircraft system (C-UAS), has been deployed by a Federal national security customer to enhance security and protect personnel, communities, and critical infrastructure along the United States southern border. The proven, military-grade command and control (C2) system is purpose-built to provide streamlined and autonomous C-UAS protection. DroneArmor™, a Technology ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch