Parsons Secures $593 Million FAA Contract Extension

Reuters01-26

Parsons Secures $593 Million FAA Contract Extension

Parsons Corporation announced that it has been awarded a $593 million contract extension under the Federal Aviation Administration's (FAA) Technical Support Services Contract 5 (TSSC 5). This extension exercises the first option period of the contract, extending performance through 2030. The TSSC 5 contract has a ceiling value of $1.8 billion, with a four-year base period and two three-year option periods. Parsons will continue to provide program and project management, engineering, technical services, construction management, health and environmental safety, fire protection services, equipment installation and testing, and logistics services across more than 600 FAA and stakeholder sites as part of the FAA’s Aviation System Capital Investment Plan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Parsons Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9631856-en) on January 26, 2026, and is solely responsible for the information contained therein.

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