CHANTILLY, Va. - Parsons Corporation (NYSE:PSN) has been awarded a seat on a $245 million contract by the United States Army Corps of Engineers (USACE) Kansas City District for environmental remediation activities.
The contract, announced today, has a five-year basic ordering period and is tied to projects funded by the Infrastructure Investment and Jobs Act for the cleanup of hazardous, toxic, and radioactive waste (HTRW).
The contract, representing new work for Parsons, will allow the company to compete for task orders to carry out remediation projects under the direction of the USACE Northwestern (NASDAQ:NWE) Division and the United States Environmental Protection Agency (USEPA) Region 2. These projects aim to protect public health and safety, with a focus on serving minority, low-income, tribal, and other vulnerable and marginalized communities.
Jon Moretta, president of Engineered Systems at Parsons, stated that the company is prepared to support the USACE and USEPA in their efforts to safeguard the environment and public health. With a history of collaboration with USACE, Parsons brings its expertise in environmental solutions across various domains, including critical infrastructure protection, engineering, and program management.
Parsons, a technology provider in national security and global infrastructure markets, offers services in cyber and intelligence, space and missile defense, transportation, urban development, and more. The company emphasizes its commitment to leveraging advanced technologies for environmental solutions, aiming to contribute to a cleaner, safer planet.
The award of this contract comes as part of the broader federal government's investment in infrastructure and environmental remediation.
While Parsons has stated its readiness to take on the forthcoming projects, the contract involves a competitive process for task orders, and the company's actual revenue from this contract will depend on the outcomes of this process.
The information for this article is based on a press release statement from Parsons Corporation.
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