Key Takeaways:
Parsons Corporation (NYSE:PSN) announced today that the company was selected by Army Contracting Command – Rock Island, in coordination with Air Force Civil Engineering Center to provide comprehensive Owner’s Advisor support for the progressive design-build (PDB) development of the U.S. Space Command’s (USSPACECOM) new headquarters at Redstone Arsenal in Huntsville, Alabama.
The initial $85 million agreement consists of a 75-month performance period and represents new work for the company and capitalizes on the synergies of Parsons’ Federal Solutions and Critical Infrastructure portfolio. The agreement will oversee one of the Department of War's largest PDB initiatives to date and is one of the Air Force’s first uses of an Owner’s Advisor delivery approach and will set an example for future use of the Owner’s Advisor delivery approach.