Parsons Shares Soar On Grabbing $68.5M Army Housing Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 09 2024
0mins
Should l Buy PSN?
Source: Benzinga
Contract Win: Parsons Corporation's shares rose after securing a $68.5 million contract from the U.S. Army Corps of Engineers to build new housing units in the Kwajalein Atoll, marking their second such contract within a year.
Future Opportunities: The company has been added to the Pre-Qualified Source Listing by USACE, allowing them to bid on future large task orders, and recently won a $44 million contract for army housing modernization efforts.
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Analyst Views on PSN
Wall Street analysts forecast PSN stock price to rise
14 Analyst Rating
10 Buy
4 Hold
0 Sell
Moderate Buy
Current: 53.670
Low
70.00
Averages
84.00
High
107.00
Current: 53.670
Low
70.00
Averages
84.00
High
107.00
About PSN
Parsons Corporation is a disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Its Federal Solutions segment provides advanced technical solutions to the United States government. This segment provides advanced technologies, supporting national security missions in cyber operations, missile defense, and military facility modernization, logistics support, hazardous material remediation and engineering services. Its Critical Infrastructure segment offers integrated engineering and management services for complex physical and digital infrastructure around the globe. This segment is a technology innovator focused on next-generation digital systems and complex structures. It also develops advanced, warfighter-focused solutions for military and security applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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