Parsons-versar joint venture awarded $75 million u.s. army corps of engineers construction management contract

Chantilly, va., july 24, 2025 (globe newswire) -- parsons corporation (nyse: psn) announced today that the company's joint venture (jv) with versar was awarded a $75 million single award delivery order contract by the united states army corps of engineers (usace) middle east district for construction phase support services (cpss). the contract includes a three-year base period of performance and a two-year option period. parsons serves as the jv managing partner.
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