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(PSN) - Parsons Corp Inks New Department Of Defense, Homeland Security Contracts: What Investors Need To Know

Share: Parsons Corp. (NYSE: PSN) has received two new federal government contracts, one for upgrading battlefield planning technology and one to expand COVID-19 testing services. On The Battlefield: Parsons received a five-year, $69-million contract by the U.S. Army Combat Capabilities Development Command Army Research Laboratory for the development of technology that will provide combat fighters with a high-tech edge in future battles. The Centreville, Virginia-based company said it will focus on developing solutions related to computational architectures that can be used in tactical computing strategies on the battlefield. These solutions will include scalable technologies and machine learning. Parsons will conduct its research and development efforts at the ARL Computational and Information Sciences Directorate facilities in Aberdeen Proving Ground and Adelphi, both in Maryland, and at White Sands Missile Range in New Mexico.

Parsons Wins $69 Million U S Army High-Performance Computing Research and Development Contract

Share this article Share this article CENTREVILLE, Va., Feb. 9, 2021 /PRNewswire/  Parsons Corporation (NYSE: PSN) was awarded a five-year $69 million contract by the U.S. Army Combat Capabilities Development Command (DEVCOM) Army Research Laboratory (ARL) to develop exploratory, disruptive technology that will provide United States warfighters with the technological edge as part of the Army s future vision. Our mission is to enhance the Army s C5ISR capabilities with research, development, and innovative technology that increases the effectiveness and operational relevance of the end-user, said Hector Cuevas, Parsons executive vice president and general manager of missile defense and C5ISR. Parsons history of building disruptive, operational all-domain systems allows us to help our mission partners achieve their technological vision.

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