Parsons (PSN) was awarded a $169.43M firm-fixed-price contract for design and construction of a new ammonium nitrate solution tank farm facility at Holston Army Ammunition Plant. Bids were solicited via the internet with two received. Work will be performed in Kingsport, Tennessee, with an estimated completion date of May 31, 2029. FY25 procurement of ammunition, Army funds in the amount of $169.43M were obligated at the time of the award. U.S. Army Corps of Engineers is the contracting activity.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PSN:
- Parsons: Hold Rating Amid Middle East Revenue Fluctuations and U.S. Contracting Challenges
- White House touts Boeing aircraft, GE Aerospace engine sales to Qatar
- Parsons awarded two delivery contracts by King Salman International Airport
- White House calls out Boeing, GE Vernova exports in Saudi Arabia pact
- Parsons downgraded to Hold from Buy at Jefferies