Parsons awarded two contracts totaling more than $100 million for program‑management and design‑engineering services to two Middle East government customers.
The contracts add significant work to Parsons’ backlog, which stood at $8.9 billion at the end of Q4 2024, and are expected to contribute to revenue growth in the upcoming fiscal year.
The awards reinforce Parsons’ strategy to expand its defense and security capabilities in the Middle East, leveraging its long‑standing presence in the region since the 1950s and its expertise in critical infrastructure protection.
Parsons ranked #1 on ENR’s Top 50 Program Management Firms list and is in the top 40 of DefenseNews’ Top 100 Defense Companies list for 2025, underscoring its competitive position.
Management highlighted that the contracts will strengthen the company’s Federal Solutions and Critical Infrastructure segments and support its goal of becoming a technology‑driven solutions provider.
In Q4 2024, Parsons reported record revenue of $1.7 billion, a 16% increase year‑over‑year, and record contract awards of $1.7 billion, positioning the company to absorb and execute the new Middle East contracts.
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