Parsons Wins $664.8 Million US Army Contract, Shares Rise

MT Newswires Live

08/18

Parsons (PSN) secured a $664.8 million multi-year US Army contract to provide technical, logistics, and program management support, the US Department of Defense said Monday.

Work locations and funding under the indefinite-delivery/indefinite-quantity contract will be determined with each order. The contract is expected to be completed by July 11, 2031.

Shares rose around 1.3% in after-hours trading.

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