Parsons Pockets New NASA Infrastructure Contract

Parsons Corp PSN has received an award on the Repairs, Operations, Maintenance, and Engineering (ROME) contract team from the National Aeronautics and Space Administration (NASA).

Arctic Slope Regional Corporation (ASRC) Federal Facilities Logistics, LLC will provide services at multiple NASA facilities through this indefinite-delivery, indefinite-quantity (IDIQ) contract.

The maximum ordering value of the contract will be $320 million over five years.

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Parsons will provide facilities construction management and engineering and technical services supporting ASRC's IDIQ contract with NASA with an estimated value of up to $130 million.

NASA facilities included in the contract are the Goddard Space Flight Center in Greenbelt, Maryland; the Wallops Flight Facility, including U.S. Naval operations, on Wallops Island, Virginia; and all Goddard associated facilities.

Goddard houses the nation's largest organization of scientists, engineers, and technologists who build spacecraft, instruments, and new technology to study the Earth, Sun, solar system, and the universe.

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Price Action: PSN shares traded higher by 0.17% at $47.79 on the last check Wednesday.