Parsons Wins Seat On US Air Force $15 Billion Engineering And Construction MATOC

Parsons Corporation (NYSE:PSN) shares are trading higher on Thursday after the company disclosed that it secured a seat on the U.S. Air Force Comprehensive Construction & Engineering MATOC.

Details

The contract, managed by the Air Force Civil Engineering Center (AFCEC), has a $15 billion ceiling and supports the readiness and resilience of Air Force and Department of War facilities worldwide.

The contract includes a five-year initial ordering period plus five one-year options.

Under the MATOC, Parsons will compete for task orders to provide design and construction management for new facilities, along with maintenance, renovation, and restoration of existing infrastructure.

The contract includes administrative, airfield, utility, and critical infrastructure projects, enhancing ...

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Parsons Wins Seat On US Air Force $15 Billion Engineering And Construction MATOC

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