CENTREVILLE, Va., April 06, 2023 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE: PSN) announced today that the company was awarded the recompete Technical Support Services Contract 5 by the Federal Aviation Administration (FAA). The $1.8 billion ceiling value contract will support the FAA’s Aviation System Capital Investment Plan (CIP) and includes a base period of four years and two three-year option periods.
“Parsons’ partnership with the FAA spans more than four decades and is a testament to our strong commitment to advancing the agency’s mission,” said Jon Moretta, president, Engineered Systems for Parsons. “Through this new award, we’ll continue to leverage our engineering, infrastructure, and project management expertise to support the FAA in sustaining their global aviation leadership and modernizing the safest, most efficient aerospace system in the world.”
The FAA oversees the safety of civil aviation in the United States and promotes aviation safety internationally. The administration operates a network of airport towers, air route traffic control centers, and flight service stations, develops air traffic rules, allocates the use of airspace, and provides for the security control of air traffic to meet national defense requirements. The Aviation System CIP describes National Airspace System (NAS) modernization programs and activities to advance existing systems and continue the transformation to the Next Generation Air Transportation System.
Parsons has supported the FAA through Technical Support Services Contract (TSSC) 3 and TSSC 4 since 2001, with responsibilities including project management; infrastructure modernization; systems and equipment installation and testing at more than 600 locations; and health, environmental, engineering, and fire protection services. Through this new contract, Parsons will continue supporting the implementation of the FAA’s Aviation System CIP through engineering, construction, and project management services.
Parsons is a trusted partner and solutions provider to customers across the federal sector. In federal infrastructure, the company is committed to delivering innovative solutions that further the safety and efficiency of global aviation through life-cycle capital project delivery services and engineering expertise.
To learn more about Parsons’ federal aviation solutions, visit Parsons.com/federal-aviation/.
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 Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.
