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Parsons Books $115M DOL Contract Extension for JCAS Facilities Program Support; Jon Moretta Quoted

The Department of Labor awarded Parsons (NYSE: PSN) a potential five-year, $115 million contract to provide management support to the Job Corps Acquisition Services.

The company said Thursday that it has been cleared to continue assisting in project planning and management of the JCAS Facilities Program.

Parsons has been under contract with JCAS since 2013, delivering services such as drone-based roof inspections of its facilities.

The latest contract includes a base performance period of one year and four contract options, each with a one-year performance period.

“For a decade, our team has supported the Job Corps program at more than 100 centers across all 50 states and Puerto Rico,” said Jon Moretta, president of Engineered Systems at Parsons. “We are thrilled to continue this important work.”

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