Parsons Corporation (NYSE:PSN) stock rose Friday after the company announced that it secured a position on the U.S. Naval Supply Systems Command’s Worldwide Expeditionary Multiple Award Contract (WEXMAC), also known as TITUS 2.1.
As per the terms, Parsons is eligible to bid on task orders that support crucial U.S. Navy operational needs.
These include theater opening, sustainment, distribution, stability operations, and civil support, such as Defense Support of Civil Authorities (DSCA).
Contract Details
This $10 billion ceiling, Indefinite Delivery Indefinite Quantity (IDIQ) contract will supply vital services and provisions.
Its scope includes supporting U.S. military and allied operations, humanitarian efforts, and disaster relief.
The contract term is a five-year base period with an additional five-year option.
Management Commentary
“This integration and logistics support contract reflects Parsons’ dedication to supporting the U.S. military and its coalition partners in achieving mission success, whether through humanitarian assistance, disaster relief, or operations in complex, dynamic environments,” said Jon Moretta, president, Engineered Systems for Parsons.
Parsons will announce third-quarter results on November 5, 2025.
Price Action: PSN shares were trading higher by 1.40% to $85.50 premarket at last check Friday.
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