Parsons Corporation is making a big move to boost its infrastructure capabilities in the Southeast U.S. with the acquisition of BCC Engineering, a top transportation engineering firm based in Florida. The all-cash deal, valued at $230 million, marks a strategic step for Parsons as it strengthens its position in one of the fastest-growing infrastructure markets, especially with the influx of federal dollars from the Infrastructure Investment and Jobs Act (IIJA).
With projects spanning Florida, Georgia, Texas, South Carolina, and Puerto Rico, BCC brings its expertise in civil and structural engineering to Parsons, helping the company expand its footprint and capabilities. Parsons’ CEO Carey Smith highlighted that this acquisition aligns with their mission to enhance mobility solutions across North America, especially at a time when the need for resilient infrastructure is more critical than ever. The addition of BCC will not only increase Parsons’ service offerings but also position them to play a key role in the transformative infrastructure projects reshaping the region.
Contract Opportunities to Watch: Raytheon (RTX)
Raytheon, an RTX business, has been awarded a total of $676 million to ramp up production of the TOW® (Tube-launched, Optically-tracked, Wireless-guided) weapon system for the U.S. Army. The funding includes a $430 million contract for FY23 and an additional $246 million in FY24, underscoring the U.S. military’s continued reliance on this combat-proven missile system.
Raytheon’s production line is capable of manufacturing up to 10,000 TOW missiles annually, with recent improvements in fuzing and target detection enhancing its capabilities. These upgrades, demonstrated through successful testing, ensure that the TOW system remains the fastest and most effective anti-tank guided missile in complex urban environments. With over 700,000 TOW missiles delivered to U.S. and international forces, and 13,000 missiles supplied to Ukraine, Raytheon’s Tucson, AZ facility is at the forefront of meeting modern warfare needs.
Key Employer in the Cleared Industry: Leidos
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Cleared Opportunities
L3Harris Technologies and Palantir Technologies are teaming up to accelerate the future of defense technology, combining their expertise to bring next-gen AI capabilities to the battlefield. This strategic partnership aims to push the boundaries of innovation by integrating L3Harris’ advanced sensors and systems with Palantir’s powerful Artificial Intelligence Platform (AIP), ensuring that warfighters can make faster, more informed decisions.
The collaboration promises to deliver new levels of resilient connectivity across joint-all-domain networks, enhancing situational awareness and decision-making in real time. With ongoing initiatives in U.S. Army programs like TITAN and cutting-edge developments in AI-driven edge computing, L3Harris and Palantir are working together to redefine the future of military communication and tactical decision-making. This partnership underscores both companies’ commitment to advancing technology that protects national security and supports the defense efforts of U.S. allies.
