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Parsons Awarded $593 Million Federal Aviation Administration Contract Extension
Early option exercise underscores Parsons’ critical role in FAA’s nationwide airspace modernizationCHANTILLY, Va., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $593 million contract extension under the Federal Aviation Administration’s (FAA) Technical Support Services Contract 5 (TSSC 5). TSSC 5 has a $1.8 billion ceiling value with a four-year base period and two three-year option periods. This award exercises the first option
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