Parsons Awarded $68.5M Army Corps Contract, Positioned for Future $50M+ Projects
Portfolio Pulse from Benzinga Newsdesk
Parsons Corporation has been awarded a $68.5 million contract by the US Army Corps of Engineers for a project in the Marshall Islands. Additionally, Parsons is now eligible for future large projects worth $50 million or more.
September 09, 2024 | 10:27 am
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Parsons Corporation has secured a $68.5 million contract with the US Army Corps of Engineers for a housing project in the Marshall Islands. This contract is new work for Parsons and positions them for future large projects worth $50 million or more.
The $68.5 million contract is a significant addition to Parsons' portfolio, indicating strong business growth. Being on the Pre-Qualified Source Listing enhances their chances of securing future large contracts, positively impacting revenue and stock price.
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