Parsons Corp. has landed an $88 million, 3-year contract from USAFE-AFAFRICA for the Air Base Air Defense mission in Germany, bringing the total contract value to $192 million by 2025. The contract includes equipment procurement, systems integration, operator training, technical support, and maintenance for mission readiness and system reliability.

In response to the contract news, PSN shares were up 1.29% in pre-market trading, reaching $66.01 on the NYSE. The company aims to deliver operational excellence and long-term support for the Air Base Air Defense mission at Ramstein Air Base.

Read more at Nasdaq: Parsons Bags $88 Mln Contract From USAFE-AFAFRICA