Parsons Secures Prime Position On EWAAC Contract

Parsons Corp PSN has won a prime position on the U.S. Air Force's multiple-award IDIQ Eglin Wide Agile Acquisition Contract (EWAAC).
The new contract has a 10-year ordering period with a ceiling value of $46 billion and will provide digital and model-based systems engineering, agile processes, open systems architectures, weapons integration, and data analytics for Eglin AFB, Florida and its mission partners.
The contract includes activities to develop technologies of novel weapons capabilities, applying unique solutions, and characterizing new technologies and system concepts.
Price Action: PSN shares are trading lower by 0.75% at $35.76 on the last check Tuesday.