Benzinga | Aug 2, 2021 02:45PM EDT

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

* Parsons Corp (NYSE: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.