Benzinga | Sep 14, 2021 07:34AM EDT

Parsons Awarded Prime Position on Potential $46B EWAAC Contract

Parsons Corporation (NYSE:PSN) has won a prime position on the United States Air Force's multiple-award indefinite-delivery/indefinite-quantity (IDIQ) Eglin Wide Agile Acquisition Contract (EWAAC). The new contract has a 10-year ordering period with a ceiling value of $46 billion and will provide digital and model-based systems engineering, agile processes, open systems architectures, weapons integration and data analytics for Eglin AFB, Florida, and its mission partners.

"With innovative solutions and decades of experience supporting the Department of Defense, we are committed to empowering the warfighter in tactical superiority across all-domain operations," said James Lackey, senior vice president of Parsons' integration and production. "Parsons expertise in model-based systems engineering, agile development, systems hardware integration and architecture design support the Air Force in delivering the next generation of digitally-driven weapon systems."

The contract includes activities to rapidly develop technologies of novel weapons capabilities, apply unique solutions and innovative ideas, and characterize new technologies and system concepts that provide evolutionary, revolutionary, and disruptive capabilities for the Air Force through weapons systems requirements development, studies and demonstrations. The primary objective of EWAAC is to provide rapid response to all areas and lifecycle phases of weapons development, to include weapons concepts, concept development and demonstrations, weapons system procurement, production, fielding, operations and sustainment to quickly meet current and future weapons system requirements.