Parsons Stock Gains Following Receipt Of Two Contracts Worth Millions

Parsons Corporation PSN has been selected to provide command, control, communications, computers, and capabilities development support services (C4CD-2.0) to the United States Cyber Command (USCYBERCOM).
Parsons has secured the $94 million cost-plus-fixed-fee contract to support the agency's C4CD mission set, consisting of one 12-month base performance period with four 12-month option periods.
Work under the contract will focus on the CYBERCOM J6 Command, Control, Communications, Computers (C4) Systems, and Chief Information Officer (CIO) Directorate mission.
Additionally, a sensitive client awarded Parsons subsidiary Xator, LLC, a $750 million ceiling value single award contract.
The contract includes a one-year base period of $250 million and two one-year option periods valued at $250 million each.
Price Action: PSN shares are trading higher by 6.08% at $45.73 on the last check Tuesday.