Parsons Wins $3.5B DTRA CTRIC IV IDIQ Multiple Award Task Order Contract, Underscoring Global Threat Reduction Leadership With 10-Yr Potential Term

Parsons Corporation (NYSE:PSN) announced today that the company was selected by the Defense Threat Reduction Agency (DTRA) as an awardee for the Cooperative Threat Reduction Integration Contract (CTRIC) IV, a recompete contract that underscores Parsons' continued leadership in global threat reduction and security. The indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC) has a ceiling value of $3.5 billion and includes a five-year base period with one five-year option period.

Under this contract, Parsons will compete for task orders supporting critical activities to reduce threats from weapons of mass destruction (WMD), including chemical, biological, radiological, and nuclear. These efforts consist of eliminating, securing, or consolidating WMD and related materials, delivery systems, and infrastructure; and assisting partner nations in strengthening operational capabilities to prevent, deter, and detect illicit trafficking of WMD-related materials and technology.

In June 2018, Parsons was named on the DTRA CTRIC III IDIQ MATOC, securing multiple task orders under that vehicle. The CTRIC IV contract further positions Parsons to continue its vital work with DTRA, supporting the Cooperative Threat Reduction Directorate in partnering with global agencies to address and mitigate existing and emerging WMD-related threats to the U.S. and its allies.