Parsons Secures Part In Defense Threat Reduction Agency Contract With $850M Ceiling

Parsons Corp PSN has been selected by the Defense Threat Reduction Agency (DTRA) as one of five awardees to execute assessments, exercises, modeling, and simulation support IDIQ, multiple award task order contract.
The contract has an $850 million ceiling value and a five-year base period with one five-year option.
Parsons will support training, exercise planning, mission rehearsal, threat assessment and countermeasures, modeling, and simulation of equipment and exercises to counter threats and vulnerabilities and to strengthen national and international security within the DTRA Nuclear Enterprise Directorate.
DTRA helps the Department of Defense, the U.S. government, and international partners to counter and deter global threats.
Price Action: PSN shares are trading higher by 0.74% at $42.36 on the last check Wednesday.