GOVERNMENT BUSINESS

Parsons Continues Software Development Leadership with USAF Award

Parsons Corporation | December 17, 2020

Parsons Continues Software Development Leadership with USAF Award
Parsons Corporation (NYSE: PSN) has been awarded another, competitive assignment request worth roughly $20 million under the organization's Global Application Research, Development, Engineering, and Maintenance (GARDEM) inconclusive conveyance/uncertain amount (IDIQ) contract with the Air Force Research Laboratory (AFRL).

The three-year agreement will uphold operationally engaged innovative work exercises for the U.S. Aviation based armed forces, Department of Defense, and Intelligence Community. This undertaking request is the fourth competitive offer Parsons has won on the GARDEM contract since 2019, adding up to $154 million.

"We're excited to continue partnering with the AFRL on discovering, developing and delivering innovative warfighting technologies that empower operations across the all-domain battlespace," said Hector Cuevas, executive vice president and general manager of Parsons' missile defense and C5ISR market. "Parsons' 20-year history of developing integrated, rapid, mission-ready software tools will provide fast, tailorable solutions to the end-user regardless of mission location."

Parsons will get equipment and programming, perform scientific examinations, framework practicality considers, framework plan, quick prototyping, programming improvement, and utilitarian test and assessment investigations. The organization's spry mentality, tradition of execution, and operational experience creating adaptable, tough programming frameworks will supplement AFRL's current programming and take into account resulting reuse and development.

About Parsons Corporation

Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities.

Spotlight

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for March 2016. The next release, which will report on data for April 2016, is scheduled for June 15, 2016. The sum total in March of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of $98.3 billion. Of this, net foreign private outflows were $51.5 billion, and net foreign official outflows were $46.9 billion.

Spotlight

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for March 2016. The next release, which will report on data for April 2016, is scheduled for June 15, 2016. The sum total in March of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of $98.3 billion. Of this, net foreign private outflows were $51.5 billion, and net foreign official outflows were $46.9 billion.

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