Parsons Wins Bid on $245M USACE Contract - Investing.com

TL/DR -

Parsons Corporation has been awarded a spot on a $245 million contract by the United States Army Corps of Engineers (USACE) for environmental remediation activities. The contract, which has a five-year term, is linked to projects funded by the Infrastructure Investment and Jobs Act for the cleanup of hazardous, toxic, and radioactive waste. The contract will allow Parsons to compete for task orders to carry out remediation projects under the direction of the USACE Northwestern Division and the United States Environmental Protection Agency (USEPA) Region 2, aimed at protecting public health and safety in vulnerable and marginalized communities.

Parsons Bags Spot on USACE $245 Million Contract

Parsons Corporation (NYSE:) secures a seat on a $245 million contract awarded by the United States Army Corps of Engineers (USACE) Kansas City District. The contract intends to carry out environmental remediation activities.

This announced contract comes with a basic ordering period of five years. It links to projects funded by the Infrastructure Investment and Jobs Act for cleaning up hazardous, toxic, and radioactive waste (HTRW).

This new undertaking for Parsons will permit the company to compete for task orders. The objective is to execute remediation projects under the USACE Northwestern (NASDAQ:) Division and the United States Environmental Protection Agency (USEPA) Region 2. The aim is to bolster public health and safety while serving vulnerable and marginalized communities.

Jon Moretta, president of Engineered Systems at Parsons, expressed the company's readiness to back USACE and USEPA's environmental and public health initiatives. Parsons brings its expertise in environmental solutions, including critical infrastructure protection, engineering, and program management.

A frontrunner in national security and global infrastructure markets, Parsons offers services in various sectors, including cyber and intelligence, space and missile defense, transportation, urban development. The company focuses on using advanced technologies for environmental solutions, aspiring to contribute to a cleaner, safer planet.

This contract award follows the federal government's investment in infrastructure and environmental remediation. Although Parsons has expressed readiness for the upcoming projects, it's worth noting that a competitive process for task orders is involved. Consequently, the company's actual revenue from this contract will hinge on the results of this process.

The source of this article's information is based on a press release statement from Parsons Corporation.

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