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Benzinga
Benzinga
Business
Lekha Gupta

Parsons Gains Access To Huge Navy Logistics And Humanitarian Contract

Parsons GE PSN United States
Bullish stock chart with green arrow

Parsons Corporation (NYSE:PSN) stock rose Friday after the company announced that it secured a position on the U.S. Naval Supply Systems Command’s Worldwide Expeditionary Multiple Award Contract (WEXMAC), also known as TITUS 2.1.

As per the terms, Parsons is eligible to bid on task orders that support crucial U.S. Navy operational needs.

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