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Parsons lands $250M classified contract
Fortune 1000 contractor is based in Chantilly
Parsons lands $250M classified contract
Fortune 1000 contractor is based in Chantilly
Katherine Schulte //December 19, 2023//
Parsons won a classified federal contract valued at more than $250 million, the Chantilly-based Fortune 1000 defense contractor announced Tuesday.
“This award represents a critical task that the corporation and its acquired companies have been performing for over a decade,” according to a Parsons news release. The contract has a base period of one year with four one-year options.
Parsons has made several acquisitions this year, including its $43 million acquisition of New Jersey-based IPKeys Power Partners, which it completed in April. In August, the contractor completed its acquisition of Maryland-based contractor Sealing Technologies, a deal valued at $200 million.
Founded in 1944, Parsons provides technology solutions in the defense, intelligence and critical infrastructure markets. It posted $4.2 billion in 2022 revenue and has more than 17,000 employees worldwide. Between Aug. 2 and Oct. 3, the company moved its headquarters within Fairfax County, from Centreville to Chantilly, according to addresses listed in its Securities and Exchange Commission filings.
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