Latest news with #HolstonArmyAmmunitionPlant
Al Mayadeen
15-07-2025
- Business
- Al Mayadeen
US redirects $1.6bln in Ukraine aid to boost shell production
More than $1.6 billion in Ukraine aid has been redirected by the United States to strengthen domestic arms manufacturing and shell production, according to an analysis by a RIA Novosti correspondent of the US Army's fiscal year 2026 budget on Wednesday. Funds originally allocated in 2024 have been redirected to ramp up production of 155mm artillery shells, a NATO-standard caliber vital to Ukrainian forces who are facing an ongoing supply shortage. According to newly reviewed budget documents, the US Army's 2026 financial plan outlines how aid earmarked for Ukraine is also being used to strengthen the US's defense industrial base. Notably, more than $623 million is set aside for the construction of a new Trinitrotoluene (TNT) production facility. Once operational, the plant is expected to produce five million pounds of TNT annually, reducing US dependence on foreign suppliers and securing a key component in the manufacturing of 155mm shells. These developments come as artillery demand in Ukraine continues to surge, reflecting a broader US strategy aimed at maintaining military readiness and ensuring consistent munitions availability for both allied and US forces. The TNT facility is intended to supply explosives essential to 155mm artillery rounds. As US stockpiles are drawn down to support Ukraine, this facility seeks to ensure uninterrupted production and mitigate supply chain risks. Another $600 million has been allocated to the Holston Army Ammunition Plant to expand production of IMX 104, a safer and more stable explosive that replaces legacy compounds. This upgrade targets a capacity of 13 million pounds annually and directly supports both current and future US munitions systems. The Scranton Army Ammunition Plant, a key producer of 155mm metal parts, received $80 million for design upgrades, facility improvements, and new equipment. These efforts aim to increase automation and production efficiency. An additional $21 million was allocated to nearby General Dynamics facilities for a new forging press to further accelerate shell output. Additionally, the Lake City Army Ammunition Plant received $100 million to support the production of the Next Generation Squad Weapon (NGSW) 6.8mm round, a new caliber designed for enhanced performance in future combat scenarios. An additional $72 million was set aside for constructing an Automated Contaminated Waste Plant to maintain safe and efficient operations at the Lake City site. At the Radford Army Ammunition Plant, $93.8 million has been allocated to modernize its solvent propellant production for key materials like M6 and M31A2, intended to rapidly replenish 155mm artillery stocks. Lastly, $14 million was directed to the Goex facility at Camp Minden, Louisiana, for modernizing black powder production, ensuring the continued availability of niche energetic materials for the US government. While presented under the banner of Ukraine aid, the $1.6 billion in redirected funding ultimately enhances US domestic defense production capabilities. The investments reflect Washington's dual-track approach: supporting Ukrainian forces while simultaneously reinforcing long-term US military Trump confirmed on Tuesday that he had approved the delivery of additional defensive weapons to Ukraine and is weighing new sanctions against Russia, expressing frustration with Russian President Vladimir Putin over the worsening toll of the war. Speaking during a Cabinet meeting at the White House, Trump said that while he had once believed in diplomacy with Putin, recent battlefield developments and rising casualties have left him disillusioned. 'I'm not happy with Putin. I can tell you that much right now,' Trump said, pointing to the thousands of Russian and Ukrainian soldiers killed during the war. 'We get a lot of bullsh*t thrown at us by Putin. … He's very nice all the time, but it turns out to be meaningless,' he added. Reports revealed that Trump had campaigned on a promise to end the war in Ukraine within a day. That promise, however, remains unfulfilled as efforts by his administration to broker a peace agreement have stalled. Read more: Western arms undermine peace, talks await Kiev's response: Kremlin
Globe and Mail
16-06-2025
- Business
- Globe and Mail
Parsons Grows U.S. Army Organic Industrial Base Modernization Portfolio with $169.5 Million Award
CHANTILLY, Va., June 16, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $169.5 million single award contract by the United States Army Corps of Engineers (USACE) Norfolk District to provide design-build delivery services for a new Ammonium Nitrate Solution (ANSol) Tank Farm at Holston Army Ammunition Plant (HSAAP). The four-year contract is new work for the company. Under this contract, Parsons will provide integrated delivery services for the ANSol tank farm, enabling the HSAAP to increase storage requirements for ANSol, a byproduct of the explosives manufacturing process. The new tank farm will replace HSAAP's existing storage tanks to support expanded manufacturing at the Government Owned Contractor Operated facility. 'Parsons is a trusted partner in advancing the U.S. Army's Organic Industrial Base (OIB) Modernization Implementation Plan,' said Jon Moretta, President, Engineered Systems for Parsons. 'Holston Army Ammunition Plant has a vital role in ensuring our nation's warfighters have what they need when they need it to successfully carry out missions around the world. As the number of organic industrial base modernization projects grow, we remain ready to leverage our experience and innovative technology solutions to improve readiness and operations.' The U.S. Army is currently engaged in a multi-year, multi-billion-dollar plan aimed at modernizing the organic industrial base, which encompasses upgrades to facilities, processes, and workforce capabilities throughout depots, arsenals, and ammunition plants. This award grows Parsons' role in these efforts and is the company's third USACE Norfolk District award in four years. In 2023, Parsons was selected to deliver a new Explosive Decomposition Chamber facility at HSAAP, and in 2021, the company was awarded a design-build contract for a new Energetic Waste Incinerator/Contaminated Waste Processor at Radford Army Ammunition Plant. To learn more about Parsons' industrial base modernization solutions, visit 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 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: Jonathan Larry +1 706.832.7330
Associated Press
16-06-2025
- Business
- Associated Press
Parsons Grows U.S. Army Organic Industrial Base Modernization Portfolio with $169.5 Million Award
CHANTILLY, Va., June 16, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $169.5 million single award contract by the United States Army Corps of Engineers (USACE) Norfolk District to provide design-build delivery services for a new Ammonium Nitrate Solution (ANSol) Tank Farm at Holston Army Ammunition Plant (HSAAP). The four-year contract is new work for the company. Under this contract, Parsons will provide integrated delivery services for the ANSol tank farm, enabling the HSAAP to increase storage requirements for ANSol, a byproduct of the explosives manufacturing process. The new tank farm will replace HSAAP's existing storage tanks to support expanded manufacturing at the Government Owned Contractor Operated facility. 'Parsons is a trusted partner in advancing the U.S. Army's Organic Industrial Base (OIB) Modernization Implementation Plan,' said Jon Moretta, President, Engineered Systems for Parsons. 'Holston Army Ammunition Plant has a vital role in ensuring our nation's warfighters have what they need when they need it to successfully carry out missions around the world. As the number of organic industrial base modernization projects grow, we remain ready to leverage our experience and innovative technology solutions to improve readiness and operations.' The U.S. Army is currently engaged in a multi-year, multi-billion-dollar plan aimed at modernizing the organic industrial base, which encompasses upgrades to facilities, processes, and workforce capabilities throughout depots, arsenals, and ammunition plants. This award grows Parsons' role in these efforts and is the company's third USACE Norfolk District award in four years. In 2023, Parsons was selected to deliver a new Explosive Decomposition Chamber facility at HSAAP, and in 2021, the company was awarded a design-build contract for a new Energetic Waste Incinerator/Contaminated Waste Processor at Radford Army Ammunition Plant. To learn more about Parsons' industrial base modernization solutions, visit 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 follow us onLinkedInandFacebookto learn how we're making an impact. Forward-Looking Statements: Media Contact: Jonathan Larry +1 706.832.7330 [email protected] Investor Relations Contact: Dave Spille +1 703.775.6191 [email protected]
Yahoo
16-06-2025
- Business
- Yahoo
Parsons Grows U.S. Army Organic Industrial Base Modernization Portfolio with $169.5 Million Award
CHANTILLY, Va., June 16, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $169.5 million single award contract by the United States Army Corps of Engineers (USACE) Norfolk District to provide design-build delivery services for a new Ammonium Nitrate Solution (ANSol) Tank Farm at Holston Army Ammunition Plant (HSAAP). The four-year contract is new work for the company. Under this contract, Parsons will provide integrated delivery services for the ANSol tank farm, enabling the HSAAP to increase storage requirements for ANSol, a byproduct of the explosives manufacturing process. The new tank farm will replace HSAAP's existing storage tanks to support expanded manufacturing at the Government Owned Contractor Operated facility. 'Parsons is a trusted partner in advancing the U.S. Army's Organic Industrial Base (OIB) Modernization Implementation Plan,' said Jon Moretta, President, Engineered Systems for Parsons. 'Holston Army Ammunition Plant has a vital role in ensuring our nation's warfighters have what they need when they need it to successfully carry out missions around the world. As the number of organic industrial base modernization projects grow, we remain ready to leverage our experience and innovative technology solutions to improve readiness and operations.' The U.S. Army is currently engaged in a multi-year, multi-billion-dollar plan aimed at modernizing the organic industrial base, which encompasses upgrades to facilities, processes, and workforce capabilities throughout depots, arsenals, and ammunition plants. This award grows Parsons' role in these efforts and is the company's third USACE Norfolk District award in four years. In 2023, Parsons was selected to deliver a new Explosive Decomposition Chamber facility at HSAAP, and in 2021, the company was awarded a design-build contract for a new Energetic Waste Incinerator/Contaminated Waste Processor at Radford Army Ammunition Plant. To learn more about Parsons' industrial base modernization solutions, visit 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 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:Jonathan Larry+1 Investor Relations Contact:Dave Spille+1 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-02-2025
- Business
- Yahoo
Some workers temporarily furloughed at Holston Army Ammunition Plant due to supply chain issue
KINGSPORT, Tenn. (WJHL) — Some workers are being furloughed at Holston Army Ammunition Plant due to a supply chain issue, according to an official. A spokesperson for BAE Systems, the international defense company that operates the facility, said a 'percentage' of the workforce is being temporarily furloughed due to a 'short-term supply chain disruption.' Kingsport agrees to help with new airline deal 'We are working closely with our customer and suppliers to find a solution and bring employees back to work to deliver products for our armed forces,' the spokesperson said. The spokesperson did not say exactly how many employees were being furloughed. The Holston Army Ammunition Plant, which has been around since World War II, manufactures explosives for the military. BAE Systems has operated the facility since 1999. In 2023, the company was awarded a $8.8 billion contract to continue operating the plant for another decade. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
