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Parsons Awarded 10-Yr, $392M Single-Award Contract By Federal Customer

Benzinga·01/05/2026 11:33:14
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Parsons Corporation (NYSE:PSN) announced today that the company was recently awarded a ten-year, $392 million single-award contract by a Federal customer. This represents new work for the company and leverages the company's biometrics and network engineering capabilities.

Parsons offers advanced biometrics and identity management solutions, combining hardware, software, and integration expertise to support federal, defense, and law enforcement missions. The company has delivered over 3,500 mobile biometrics solutions that provide cutting-edge tools to collect and analyze biometric data in real-time, enabling faster identity verification and improved threat detection during critical missions.