Mgmt Mtg Takes: Mid East, Data Centers, FAA, C-UAS Oh

研报英文原文证据摘录

Mgmt Mtg Takes: Mid East, Data Centers, FAA, C-UAS Oh

without

disrupting operations. Its approach includes assessment, planning, personnel training, and phased

implementation.

PSN has been gaining momentum in the PFAS market (including 3 awards in Q3:25), which previously

represented about $100MM in annual sales. PSN calculates its market opportunity as $40BB of the

total PFAS market of $200BB over 30 years, with annual market spend peaking at $3-4BB in the early

2030s. PSN won a $1.5BB IDIQ in Q1:25 to support the Air Force Civil Engineering Center (AFCEC)

to help address PFAS contamination, with a 5-year base and five 1-year options. PSN competes with

companies such as AECOM, Clean Harbors, Jacobs, and Montrose but differentiates on its seven

patented technologies which enable PFAS removal without needing an incinerator.

Within Critical Infrastructure, Environmental Remediation accounts for 17% of the segment. The IIJA

allocated $55BB in funding over five years (set to expire at end of GFY26) for water & wastewater

treatment. The Environmental Protection Agency has been allocating these funds annually through

state revolving fund programs since FY22.

iv. Middle East Representing 18% of Sales Growing +DD ExhibitRevenue15in- '25MiddleLargelyEastTiedRepresentsto King Salman18% of TotalPark, PSNKing

Salman International Airport, Qiddiya City

4) Middle East Capability - Representing 18% of Sales Growing Double Digits. PSN's Middle East

infrastructure business generated $1.16BB of revenue (18% of total) in 2025, up 10% with 3% growth in

Q1:26. PSN has 7,500 employees in the region today and has hired at a pace of 200/quarter to support

mega-projects including NEOM, Oxagon, the Riyadh metro & entertainment, King Salman Park, King