CHANTILLY, Va., Aug. 11, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded a $30 million recompete contract by U.S. Army DEVCOM’s (Combat Capabilities Development Command) C5ISR Center. The contract, which Parsons has held for three years, includes a 12-month base performance period and four 12-month option periods to deliver critical radar development engineering efforts necessary for C5ISR Radar to meet its mission needs.
Related Questions
What is the expected impact of the contract’s four optional 12‑month extensions on Parsons' revenue and cash flow?
How will the $30 million contract award affect Parsons' (PSN) earnings guidance for the upcoming quarters?
How does the contract value compare to Parsons' historical C5ISR Radar contract revenue?
What is the probability that the Army will exercise the four 12‑month option periods?
How does this award influence Parsons’ market share versus competitors like L3Harris, Raytheon, and Lockheed Martin in the C5ISR space?
Will the contract lead to increased R&D expenses, and how will that affect the company's operating margins?
What is the anticipated timeline for delivering the radar development engineering efforts and any associated milestones?
Are there any potential risks or regulatory hurdles associated with the contract that could affect execution?
How will this contract impact the valuation multiples (e.g., P/E, EV/EBITDA) of Parsons compared to the sector average?
What is the market's perception of the contract's strategic importance for the U.S. Army DEVCOM’s C5ISR initiatives?
Could the successful execution of this contract lead to future follow‑on or extension contracts beyond the current options?
How might this contract influence analyst rating upgrades or target price revisions for PSN?