Parsons Corporation reported that it was selected by the United States Air Force and the 75th Civil Engineer Group at Hill Air Force Base to participate in a multiple award task order contract valued at up to $136 million. The firm said the work covers architect-engineer services across the installation and will run through an 8.5-year performance period. The announcement preceded a 1.9% gain in Parsons shares during premarket trading on Tuesday.
Under the terms of the award, Parsons will vie for task orders issued under the broader contract to provide planning, design and engineering support for infrastructure needs at Hill AFB. The scope described by the company includes design, alteration and repair activity for airfields, grounds, roads, buildings, structures and utilities. The contract also encompasses feasibility and traffic studies in addition to cybersecurity-related design services.
Martin Boson, president of Engineered Systems at Parsons, said the award demonstrates the Air Force’s continued confidence in the company’s capability to manage complex, mission-critical infrastructure assignments through disciplined design and engineering services. The company noted that the contract represents new work for Parsons at the installation and that task orders will be awarded on a competitive basis among multiple contractors selected under the agreement.
Separately, a Form 4 filing with the Securities and Exchange Commission showed that Carey A. Smith, Parsons’ President and CEO, purchased 12,500 shares of common stock on May 8. The transactions were executed at weighted-average prices of $49.94 and $50.73 per share. Following those purchases, Smith directly held 575,376 shares.
Parsons provides engineering and infrastructure services to the Air Force, supporting installation modernization and sustainment through planning, design and engineering expertise. The company also said it delivers solutions across cyber, electronic warfare, space and advanced technology systems to the USAF.
Sector implications - The contract sits at the intersection of defense contracting, infrastructure engineering and cybersecurity services. It touches federal procurement activity related to base modernization and sustainment and signals continued demand for integrated engineering support within the military sector.