(NYSE:PSN) CHANTILLY, Va., Sept. 04, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has been awarded an $81 million Task Order under the Responsive Strategic Sourcing for Services (RS3) contract vehicle by the U.S. Army Combat Capabilities Development Command’s (DEVCOM), Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance, and Reconnaissance (C5ISR). This recompete contract includes a 12-month base performance period and four 12-month option periods to deliver critical radar engineering solutions necessary for the C5ISR to meet its mission needs.
Related Questions
How will the $81 million C5ISR radar contract impact Parsons' near‑term revenue guidance and earnings per share forecasts?
What is the likelihood and expected timing of the Army exercising the four optional 12‑month extensions, and how would that affect total contract value?
How does this award compare to recent C5ISR contracts awarded to competitors, and what does it indicate about Parsons' market positioning in the defense radar segment?