Parsons Awarded Seat On $10 Billion Ceiling Value U.S. Navy Integration and Logistics Support Contract

CHANTILLY, Va., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a seat on the Worldwide Expeditionary Multiple Award Contract (WEXMAC), Territorial Integrity of the U.S. (TITUS) 2.1 by the U.S. Naval Supply Systems Command. This $10 billion ceiling value Indefinite Delivery Indefinite Quantity (IDIQ) contract provides critical supplies and services to support U.S. military and coalition partner operations, humanitarian assistance, and disaster relief and consists of a five-year base period and one five-year option period.