Parsons awarded $11m navfac infrastructure program management contract

Centreville, va., july 20, 2023 (globe newswire) -- parsons corporation (nyse: psn) announced today that the company was selected by naval facility engineering systems command southwest (navfac sw) to provide project performance assessment (ppa) and programmatic risk management (prm) services for the facility engineering command's construction program. the $11 million contract consists of a one-year base period of performance with three one-year option periods and is new work for the company.
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