Port Security Conference

June 9, 2003

Parsons gets master agreement for NGSS $400 million shipyard plan
Parsons has been awarded a master services agreement by Northrop Grumman Ship Systems (NGSS) to be the engineer, designer, construction manager and program manager for a five-year, $400 million, facilities modernization and expansion program at three NGSS sites in Mississippi and Louisiana.

NGSS is building ships for the U.S. Navy at shipyards located in Pascagoula and Gulfport, Mississippi; and New Orleans, Louisiana. The New Orleans shipyard is additionally building double-hull tankers for a private oil company.

Parsons contract is for full program and construction management including: engineering, procurement, subcontracting and construction.

Parsons began facilities assessment of NGSS' modernization plan for these three shipyards in May 2002, and has continued to provide engineering and schematic design services for the same shipyards since then.

"This contract provides a great opportunity for Parsons to team with Northrop Grumman and continue working in the Gulf Coast," states Chuck Harrington, Parsons Group President. "This contract reflects the confidence and satisfaction that NGSS has had in Parsons and is consistent with Parsons' focus on large long-term programs for strategic customers," he adds.

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