Parsons subsidiary wins $245M Naval Research Laboratory contract

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Parsons ( PSN ) subsidiary Space Ground System Solutions has won a five-year, $245M indefinite delivery, indefinite quantity contract from the U.S. Naval Research Laboratory to advance mission-critical satellite ground systems software and operations. This award continues a 30-year legacy supporting the

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Parsons subsidiary, Space Ground System Solutions, has been awarded a $245 million contract by the U.S. Naval Research Laboratory (NRL) for satellite ground system software and operations. Spanning five years, this deal reaffirms Parsons' capability to secure long-term government contracts. Investors view this major win as a positive driver for the company's stable cash flow and future revenue growth in the defense and space sectors.

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