Parsons’ JV with GSIA awarded $25M U.S. Coast Guard contract

Parsons’s (PSN) joint venture, or JV, with GSI Americas, or GSIA, was awarded a $25M contract by the U.S. Coast Guard, or USCG, for program management services. This new work for the company includes a one-year base period of performance and four one-year option periods. Under this contract, the team will provide program management services that advance the USCG’s Force Design 2028 Execution Plan, the single largest capital investment in the Coast Guard’s history. The plan will deliver transformational upgrades across Coast Guard assets, technology, and shore infrastructure, supported by $24.5B to recapitalize platforms and systems, modernize training centers, and enhance mission-critical operational capacity.