Parsons Awarded $100 Million Contract to Expand Defense Industrial Base Munitions Capacity

CHANTILLY, Va., Dec. 19, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a task order exceeding $100 million by Nammo to provide design and program and construction management (PM/CM) for a new rocket motor manufacturing facility in Perry, Florida. This project directly supports the Department of War’s (DOW’s) Acquisition Transformation Strategy by expanding the United States’ munitions production capacity, strengthening supply chain resilience, and accelerating delivery of critical capabilities to the warfighter. The contract comprises a two-year construction period and represents new work for the company.