Parsons Secures $1.5 Billion Air Force Environmental Services Contract

Parsons Corporation has secured a pivotal role in a $1.5 billion contract with the Air Force Civil Engineering Center, focusing on environmental services at U.S. Air Force installations worldwide. The contract includes a five-year base period with options for five additional one-year extensions and a six-month extension, allowing Parsons to address emerging contaminants, including PFAS. Analysts project a significant upside for Parsons stock, with an average one-year price target of $88.46, indicating a potential increase of nearly 37% from its current price. The company has a strong track record in environmental remediation, bolstered by over 50 years of experience and a recent acquisition of TRS Group, Inc., which enhances its capabilities in addressing PFAS contamination. Parsons aims to deliver innovative and cost-effective solutions as part of its commitment to environmental safety and sustainability. This contract win positions Parsons favorably in the growing federal environmental remediation market.