Parsons Awarded Position On $15 Billion Pacific Deterrence Initiative Infrastructure Contract

CHANTILLY, Va., Nov. 11, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company was awarded a position on the $15 billion Pacific Deterrence Initiative Multiple Award Construction Contract (PDI MACC) by the Naval Facilities Engineering Systems Command (NAVFAC). The MACC consists of a 5-year base period with three one-year option periods and is a key component of the Pacific Deterrence Initiative, a U.S. Department of Defense program designed to strengthen deterrence capabilities, enhance regional security, and support the defense infrastructure throughout the Indo-Pacific region.

Under the PDI MACC, Parsons will compete for task orders to provide design and engineering services to deliver projects exceeding $100 million in scope, including runways, hangars, waterfront facilities, warehousing and storage infrastructure, and energy and fuel storage solutions.

"We are proud to continue working with NAVFAC to deliver critical infrastructure that supports the Pacific Deterrence Initiative and reinforces America's commitment to strengthening our nation's Indo-Pacific deterrence strategy and modernizing capabilities and assets," said Jon Moretta, president of Engineered Systems at Parsons. "This project highlights our ability to manage large, complex initiatives in some of the most strategically vital locations, ensuring the readiness and resilience of U.S. and allied forces. The PDI MACC represents more than infrastructure investment—it signifies a commitment to regional security and global stability in the future."

The PDI MACC will enable faster execution of critical infrastructure projects, including new facilities, repairs, and infrastructure upgrades in strategic locations including Australia, the Philippines, and various U.S. territories. By streamlining the acquisition process and fostering collaboration with new industry partners, this contracting vehicle enhances flexibility, strengthens regional resilience, and ensures vital support for U.S. warfighters and allies in response to evolving challenges.

Recently named the number one Program Management Firm by Engineering News-Record, Parsons continues to deliver complex infrastructure and national security solutions in the Indo-Pacific region. Since 2019, Parsons has been awarded more than $400 million in INDOPACOM-related contracts by leveraging their program and construction management; engineering and planning; complex infrastructure expertise; and advanced national security solutions. The company continues to partner with customers across the INDOPAC region to deliver integrated solutions across the national security and critical infrastructure portfolios.

This contract award underscores the strength of Parsons' integrated portfolio and its ability to provide comprehensive solutions in national security, critical infrastructure protection, and program and construction management to clients across both its Federal Solutions and Critical Infrastructure sectors.

To learn more about Parsons' federal infrastructure solutions, visit parsons.com/federal-infrastructure/.

About Parsons:

Parsons (NYSE:PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, 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.

Forward-Looking Statements:

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government's budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors' protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption "Risk Factors" in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

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