Parsons Selected to Help Deliver Manchester's Cemetery Brook Drain Tunnel; Three-Year Contract Valued At $16M
Portfolio Pulse from Benzinga Newsdesk
Parsons Corporation (NYSE:PSN) has been awarded a $16 million, three-year contract by the City of Manchester, New Hampshire, to provide program and construction management services for the Cemetery Brook Drain Tunnel Project. This project aims to mitigate flooding risks, eliminate combined sewer overflow discharges into the Merrimack River, and secure the river as a clean drinking water source.
June 26, 2024 | 10:35 am
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Parsons Corporation has secured a $16 million contract for a major public works project in Manchester, NH, which will likely boost its revenue and enhance its reputation in infrastructure projects.
The $16 million contract is significant for Parsons Corporation, as it not only adds to their revenue but also enhances their portfolio in managing large-scale infrastructure projects. This could positively impact their stock price in the short term.
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