- Parsons Corporation PSN has secured a position on a $160 million IDIQ multiple award contract by the United States Army Corps of Engineers (USACE) Engineering and Support Center Huntsville to modernize Department of Defense facilities and infrastructure.
- The contract has a two-year base period and a 36-month option period.
- Under this contract, Parsons will compete for task orders to provide real property planning, programming, and management services for military construction projects.
- Also Read: Parsons' Strength Of New Contracts Trigger Upgrade By This Analyst; Predicts Upside Of Over 20% Next Year
- Price Action: PSN shares closed higher by 1.31% at $44.76 on Wednesday.
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