
Business UpdateJul 14, 2026, 06:31 AM
Parsons Subsidiary Wins $245M Naval Research Lab Contract
AI Summary
Parsons Corporation's wholly owned subsidiary, Space Ground System Solutions, Inc. (SGSS), has been awarded a five-year, $245 million indefinite delivery, indefinite quantity (IDIQ) contract by the U.S. Naval Research Laboratory (NRL). This contract will provide software development, sustainment, and operations support for critical satellite mission systems. The award extends Parsons' 30-year history of supporting the Blossom Point Tracking Facility, reinforcing its role in delivering resilient space capabilities for national security.
Key Highlights
- Parsons' subsidiary, Space Ground System Solutions, Inc., secured a $245 million contract.
- The contract is with the U.S. Naval Research Laboratory (NRL).
- It is an indefinite delivery, indefinite quantity (IDIQ) contract.
- The contract has a five-year period of performance.
- It provides software development, sustainment, and operations support for satellite mission systems.
- The award continues a 30-year legacy supporting the Blossom Point Tracking Facility.
Price Impact
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