06:57 AM EST, 12/05/2025 (MT Newswires) -- Parsons (PSN) said Friday that it has been selected by the Defense Threat Reduction Agency as an awardee for the Cooperative Threat Reduction Integration Contract IV.

The indefinite-delivery, indefinite-quantity multiple-award task order contract is worth up to $3.5 billion, with a five-year base period and one five-year extension period, the company said.

Under the terms of the contract, Parsons will compete for task orders in support of activities to reduce threats from weapons of mass destruction, including chemical, biological, radiological, and nuclear, the company said.

Shares of the company were down 9.1% in recent premarket activity.