This $26.9 million contract to Parsons Government Services Inc., a subsidiary of Parsons Corporation ($PSN), for cloud management services at NOAA, represents a significant boost to their federal IT segment and aligns with ongoing legislative efforts to modernize water infrastructure and environmental monitoring.
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$PSN
Congressional activity and federal contracts affecting this stock
4
Total Signals
4.5/10
Avg Impact
2
Bullish Signals
0
Bearish Signals
Recent Congressional Signals for $PSN
Parsons Government Services Inc., a subsidiary of Parsons Corporation ($PSN), secured a $38.5 million contract from the Department of Energy for project management at the Y-12 site. This award, representing approximately 0.4% of Parsons' annual revenue, reinforces its position in critical national infrastructure and energy projects, aligning with legislative efforts to modernize water and energy systems.
This $41.1 million contract to Parsons Government Services Inc. for C4 capabilities development is a routine, yet significant, award for its parent company, Parsons Corporation ($PSN), representing approximately 0.5% of its annual revenue. While not transformative, it reinforces Parsons' position in federal IT and defense services.
Parsons Government Services Inc., a subsidiary of Parsons Corporation ($PSN), secured a $512 million contract from the General Services Administration for C5ISR, exercises, operations, and information services for DOD Combatant Commands. This award represents approximately 3.8% of Parsons' annual revenue, providing a steady revenue stream but not a transformative boost.
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