Parsons Secures Prime Spot On Potential Multi-Billion-Dollar ASTRO Contract

Parsons Corp PSN has won a prime position on the General Services Administration's (GSA) multiple-award ASTRO indefinite-delivery/indefinite-quantity contract. Parsons was selected for six pools: ground, space, development and integration, research, support, and training.
The contract has a potential value in the multi-billions with no defined ceiling value and a 10-year ordering period.
The contract's scope includes operations, maintenance, readiness, development, research and development, hardware, and systems integration of manned, unmanned, and optionally manned systems, robotics, and platforms.
The new contract is administered through GSA's Federal Systems Integration and Management Center (FEDSIM).
Price action: PSN shares are trading lower by 0.13% at $38.57 on the last check Monday.

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