Parsons Corporation (NYSE: PSN) has been selected to participate in Project Watershed 250, a new pilot program launched by the Trump Administration to protect critical water infrastructure.

Parsons Chair, President and Chief Executive Officer Carey Smith joined national leaders in San Antonio, Texas for the unveiling of the initiative. The program aims to safeguard water systems vital to society.

The selection underscores Parsons’ role in federal infrastructure projects. No financial terms or contract values were disclosed in the announcement.

Parsons Corporation (NYSE: PSN) was awarded two new task orders under the US Department of Energy National Nuclear Security Administration’s Counter Nuclear Smuggling Systems Deployment contract.

The awards cover the Middle East 3 Region and Africa 2 Region, supporting initiatives across 25 countries. The contracts include a base period through July 2027, with four option periods extending through July 2031.

Contract Portfolio Growth

These additions bring Parsons’ total CNSSD portfolio to seven task orders. The cumulative awarded value for these contracts now stands at approximately $90 million to date.

The work involves the design and deployment of end-to-end counter-nuclear smuggling solutions for international partners. Parsons stated this reinforces its position as a leading provider of such systems globally.

Strategic Context

In March 2024, NNSA awarded Parsons one of two positions on the $1 billion ceiling-value CNSSD MATOC. This recognition was based on the company's proven experience in field operations and developing innovative security solutions.

Martin Boson, president of Engineered Systems for Parsons, highlighted the critical nature of these awards. He stated that the threat of nuclear smuggling requires strong international partnerships and proven technical expertise. The new orders reflect a commitment to advancing US nonproliferation objectives by equipping partner nations with detection and deterrence technologies.

Through the CNSSD contract, Parsons provides end-to-end solutions including project management, engineering, procurement, system design, deployment, logistics, integration, and communications. These capabilities help partner nations detect, disrupt, and investigate the illicit trafficking of radioactive and nuclear materials.

What the Numbers Show

The expansion to seven task orders indicates a concentrated dependency on the NNSA’s CNSSD program for this specific revenue stream. With option periods extending to July 2031, the company has secured long-term visibility for these nonproliferation projects, though the total $90 million value represents the awarded amount to date rather than a single lump-sum contract.