Parsons shares are trading higher after the company announced it was awarded a $68.5 million United States Army Corps of Engineers (USACE) contract and is eligible to receive $50 million in further orders.
Portfolio Pulse from Benzinga Newsdesk
Parsons shares rose following the announcement of a $68.5 million contract with the US Army Corps of Engineers, with potential for an additional $50 million in orders.
September 09, 2024 | 5:23 pm
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Parsons Corporation's stock is trading higher after securing a $68.5 million contract with the US Army Corps of Engineers, with potential for an additional $50 million in orders.
The contract with the US Army Corps of Engineers is a significant win for Parsons, providing immediate revenue and the potential for further orders. This boosts investor confidence and positively impacts the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100