Parsons (PSN) has been awarded an $81M Task Order under the Responsive Strategic Sourcing for Services contract vehicle by the U.S. Army Combat Capabilities Development Command’s – or DEVCOM -, Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance, and Reconnaissance, or 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. Parsons will enhance Army aerial and ground radar capabilities by developing advanced radio frequency technologies, integrating AI, and providing systems engineering services tailored to the C5ISR’s mission requirements.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PSN:
- Parsons management to meet with Truist
- Parsons: Hold Rating Amid Mixed Financial Performance and Future Growth Prospects
- Parsons’ Strong Fundamentals and Growth Prospects Amid Market Challenges
- Parsons downgraded to Neutral from Buy at Goldman Sachs
- Parsons’ Hold Rating: Balancing Contract Uncertainty and Strategic Opportunities