Parsons Increasing Production of U.S. Air Force’s RADBO System
25 Aprile 2024 - 12:25PM
Parsons Corporation (NYSE: PSN) announced today that the company
has been awarded a $63 million, firm-fixed-price contract
modification to its Recovery of Airbase Denied by Ordnance (RADBO)
production contract by the U.S. Air Force Life Cycle Management
Center. This modification brings the total number of Air Force
RADBO systems to 29.
The RADBO system, which includes Parsons' ZEUS® directed energy
system, provides explosive ordnance personnel improved safety by
allowing the destruction of unexploded ordnance from the interior
of Mine-Resistant Ambush Protected (MRAP) vehicles at distances
that can exceed 300 meters in optimal conditions. The system was
recently used operationally at the trilateral joint exercise Cope
North 24 in the Indo-Pacific region, where it demonstrated 100
percent effectiveness and successful mission accomplishment of
rapid airfield clearance after an attack. The system’s history
underscores its precision at the speed of light, having neutralized
more than 4,000 ordnance items with an effectiveness rate of over
99 percent. Versions of ZEUS® have been deployed to Iraq and
Afghanistan for area, route clearance missions, and IED
neutralization.
“The RADBO system continues to lead a shift in operational
tactics and response to protect deployed warfighters and civilians
and ensure their mission success,” said Mike Kushin, president of
Defense and Intelligence for Parsons. “The Air Force’s continued
trust in our team to deliver this lifesaving technology is
something we’re proud of and will further bolster the warfighter’s
advantage, improve rapid recovery of assets, and enhance force
portability.”
The Parsons-developed ZEUS® directed energy system is a 3kW
continuous-fire laser designed, developed, and tested for use in
operational theater. ZEUS® allows for the precise detonation of
small submunitions, cluster bombs, land mines, general-purpose
bombs, and thick-cased artillery shells. It is also agile enough
for post-combat applications, including humanitarian landmine
clearing, route clearing, and airbase clearing.
To learn more about Parsons’ ZEUS® laser neutralization system,
please visit parsons.com/products/zeus.
About Parsons:Parsons (NYSE: PSN) is a leading
disruptive technology provider in the national security and global
infrastructure markets, with capabilities across cyber and
intelligence, space and missile defense, transportation,
environmental remediation, urban development, and critical
infrastructure protection. Please visit parsons.com and follow
us on LinkedIn and Facebook to learn how we're making an
impact.
Forward-Looking Statements
This document contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are based on our current expectations,
beliefs and assumptions, and are not guarantees of future
performance. Forward-looking statements are inherently subject to
uncertainties, risks, changes in circumstances, trends and factors
that are difficult to predict, many of which are outside of our
control. Accordingly, actual performance, results and events may
vary materially from those indicated in the forward-looking
statements, and you should not rely on the forward-looking
statements as predictions of future performance, results or events.
Numerous factors could cause actual future performance, results and
events to differ materially from those indicated in the
forward-looking statements, including, among others: any issue that
compromises our relationships with the U.S. federal government or
its agencies or other state, local or foreign governments or
agencies; any issues that damage our professional reputation;
changes in governmental priorities that shift expenditures away
from agencies or programs that we support; our dependence on
long-term government contracts, which are subject to the
government’s budgetary approval process; the size of our
addressable markets and the amount of government spending on
private contractors; failure by us or our employees to obtain and
maintain necessary security clearances or certifications; failure
to comply with numerous laws and regulations; changes in government
procurement, contract or other practices or the adoption by
governments of new laws, rules, regulations and programs in a
manner adverse to us; the termination or nonrenewal of our
government contracts, particularly our contracts with the U.S.
federal government; our ability to compete effectively in the
competitive bidding process and delays, contract terminations or
cancellations caused by competitors’ protests of major contract
awards received by us; our ability to generate revenue under
certain of our contracts; any inability to attract, train or retain
employees with the requisite skills, experience and security
clearances; the loss of members of senior management or failure to
develop new leaders; misconduct or other improper activities from
our employees or subcontractors; our ability to realize the full
value of our backlog and the timing of our receipt of revenue under
contracts included in backlog; changes in the mix of our contracts
and our ability to accurately estimate or otherwise recover
expenses, time and resources for our contracts; changes in
estimates used in recognizing revenue; internal system or service
failures and security breaches; and inherent uncertainties and
potential adverse developments in legal proceedings, including
litigation, audits, reviews and investigations, which may result in
materially adverse judgments, settlements or other unfavorable
outcomes. These factors are not exhaustive and additional factors
could adversely affect our business and financial performance. For
a discussion of additional factors that could materially adversely
affect our business and financial performance, see the factors
included under the caption “Risk Factors” in our Registration
Statement on Form S-1 and our other filings with the Securities and
Exchange Commission. All forward-looking statements are based on
currently available information and speak only as of the date on
which they are made. We assume no obligation to update any
forward-looking statement made in this presentation that becomes
untrue because of subsequent events, new information or otherwise,
except to the extent we are required to do so in connection with
our ongoing requirements under federal securities laws.
Media Contact:Angie Benfield+1
803.334.5277Angie.Benfield@parsons.com
Investor Relations Contact:Dave Spille+ 1
703.775.6191Dave.Spille@Parsons.com
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