Parsons awarded two contracts worth over $100M

Parsons (PSN) announced that it has been awarded two contracts worth a combined contract value over $100M to perform program management and design engineering for two Middle East government customers. These contracts represent new work for the company and reflect Parsons’ ability to bring its comprehensive national security, critical infrastructure protection, and program management capabilities and expertise to bear on the success of its Middle East customer base. These awards underscore Parsons’ strategy to leverage its strong regional posture in the transportation and urban development markets to move into adjacencies aligned to the company’s core competencies in defense, security, tourism, and entertainment.